The price of a gram of gold today in Saudi Arabia,...

The past days witnessed a noticeable decline and a clear decline in the price of a gram of gold in Saudi Arabia, and the situation is as it is today from a slight decrease on Friday, October 8, 2021, and we explain Daily price update of all karats, 24, 22, 21, 18 and 14, as well as the prices of an ounce of gold and the prices of a kilo and bullion for the most valuable yellow metal in the world, and many investors have also warned of a danger that may occur soon for the yellow metal, which will lead to a very sharp decline in all countries of the world, Which we will explain in detail below.

The price of a gram of gold in Saudi Arabia

The price of a gram of gold today in the Kingdom of Saudi Arabia recorded very slight declines at the beginning of trading today, Friday, October 8, 2021, and prices vary every minutes according to transactions from investors, and the prices came at the time of writing the article as follows:

  • 24 karat: 211.56 Saudi riyals, 56.42 dollars.
  • Caliber 22: 193.96 Saudi riyals, $51.72.
  • 21 karat “the most widespread in the Kingdom”: 185.14 Saudi riyals, 49.37 dollars.
  • Caliber 18: 158.69 Saudi riyals, 42.32 dollars.
  • Caliber 14: 123.43 Saudi riyals, 32.91 dollars.
  • An ounce of gold “sell”: 6581.25 Saudi riyals, 1755 US dollars.
  • An ounce of gold “buy”: 6585 Saudi riyals, 1756 dollars.
  • An ounce of gold: 6581 Saudi riyals, 1755 US dollars.
The price of gold in Saudi Arabia

The price of gold in Saudi Arabia

The price of a gram of gold today in Saudi Arabia

This is in addition to the prices of bullion and kilos of gold in the Kingdom, which were very close to Yesterday’s prices Thursday, which you can see, witnessed the prices of the yellow precious metal, a very slight rise at the end of trading yesterday, and it will witness significant changes in conjunction with investors’ concern about events in China, and the rise in energy prices.

Risks from falling gold prices

One of the analysts expected a decrease in the prices of the yellow metal in the future, based on the caution and calmness of investors, as they wait and closely await the US jobs data, which could start the step of reducing stimulus by the Federal Reserve in the United States, and one of the administrators of one of the largest companies said Globally, the central banks are monitoring inflation as it continues to rise, indicating that things will not go well and that the central banks in the world appear, which increases the risks of the possibility of a decline in prices.

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Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]