There is a difference in the market gold In Saudi Arabia, the price of used gold in Saudi Arabia and unused Saudi gold, where the workmanship mechanism is deducted from used gold, for sure, after deducting the workmanship, its price becomes less than the gold prices today in Saudi Arabia with workmanship.
After looking at the gold stocks today in Saudi Arabia, it is necessary to refer to some of the factors that result in the rise of gold in Saudi Arabia and to clarify when the price of gold in Saudi Arabia decreases, as there are two main factors that control the gold price index in Saudi Arabia in general.
The main factor is the price of a barrel of oil, followed by the dollar price factor. The higher the price of a barrel of oil inside the country, the higher the price of a gram of gold in Saudi Arabia, and also the price of gold bullion today in Saudi Arabia, and therefore the price of the Saudi gold pound, and the lower the price of the US dollar, this led to an increase Gold prices too.
On the other hand, we do not overlook political changes, such as the war, which in turn affects the economic level, whether local or global. This naturally leads to a decrease in the price of the dollar and, consequently, a rise in the price of gold in Saudi Arabia.
From the platform of our website, we seek to provide a detailed presentation about the price of gold in Saudi riyals to provide all needs and questions about gold prices in the Saudi market, and in particular, the expectations of Saudi gold prices.
The average price of gold today in the financial markets in Saudi Arabia
| Unit | SR | American dollar |
|---|---|---|
| 24 karat gold price | 219.15 | $58.44 |
| 22 karat gold price | 200.89 | $53.57 |
| 21 karat gold price | 191.77 | $51.14 |
| 18 karat gold price | 164.36 | $43.83 |
| 14 karat gold price | 127.84 | $34.09 |
| 10 karat gold price | 91.31 | $24.35 |
| Gold price per ounce | 6,816.37 | $1,817.70 |
| The price of a kilo of gold | 219,151.54 | $58,440.41 |
| gold pound price | 1,753.20 | $467.52 |
To read more: Find out about gold prices in Qatar today, Sunday 16/1/2022
Find out the currency rates in Saudi Arabia today, Sunday 16/1/2022
Today, on the Pal Plus website, we show you the latest records and price changes, and we seek to provide the best daily services to meet the needs of our valued visitors, and now with a detailed table of dollar rates for banks and exchange shops in the market on today’s date.
| the currency | dollars per unit | unit to dollar |
|---|---|---|
| euro | 0.853 | 1.1724 |
| pound | 0.7306 | 1.3687 |
| SR | 3.7581 | 0.2661 |
| AED | 3.68 | 0.2717 |
| Kuwaiti Dinar | 0.3022 | 3.3093 |
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