The gold price in Saudi Arabia today, Monday, November 30, 2020

The gold price in Saudi Arabia today, Monday, November 30, 2020
The gold price in Saudi Arabia today, Monday, November 30, 2020

Gold prices fell in Saudi Arabia, Monday morning, with expectations of a decline in the price of the precious metal in the global market.

The decline comes in anticipation of a global price drop, with positive news about the vaccine that may encourage investors to take risks, after stabilizing during the weekends of global stock exchanges for the precious metal on Saturday and Sunday.

Gold prices in the Saudi market are linked to global gold prices, and the US dollar globally as well.

Gold prices vary in Saudi Arabia according to the different seasons of the year, according to the seasons, but prices tend to decline with the approaching distribution of Corona vaccines.

Gold prices are declining globally in light of strong hopes among investors for a global recovery from the Corona virus crisis that has hit the economies of countries and the movement of trade and tourism.

And the hopes of the vaccine caused a sharp decline in the global gold price.

Gold prices in Saudi Arabia

The price of a gram of 24 carat gold in the Kingdom fell to 212.92 riyals ($ 56.78), compared to 215.45 riyals ($ 57.45) in yesterday’s trading.

The price of the best-selling 21 carat gold gram fell to 186.30 riyals ($ 49.68), compared to 188.52 riyals ($ 50.27) on Sunday.

As for the price of a gram of 18 carat gold, it decreased to 159.69 riyals ($ 42.58), compared to 161.59 riyals ($ 43.09).

The price of a gram of 14 carat gold decreased to 124.20 riyals ($ 33.12), compared to 125.68 riyals ($ 33.51).

The price of an ounce and a pound of gold

The price of an ounce in the Kingdom fell to 6622.50 riyals (1766 dollars), compared to 6701.25 riyals (1787 dollars) in yesterday’s trading.

The price of the gold pound (8 grams of 21 carat) also fell to the level of 1490.43 riyals (397.45 dollars) compared to 1508.16 riyals (402.12 dollars) yesterday.

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