A gram of 24-carat gold settled at 229.35 riyals (61.14 dollars), and the price of a 21-carat gold gram, the best-selling in the Kingdom, was about 200.68 riyals ($ 53.50).
The price of a gram of 18 carat gold is approximately 172.01 riyals ($ 45.86).
Gold is low cost
The price of a gram of 14 carat gold was about 133.79 riyals (35.67 dollars), and the price of a gram of 12 carat gold came at 114.67 riyals (30.57 dollars).
The price of an ounce and a pound of gold
The price of an ounce of gold (an ounce) in the Saudi market today, Saturday, was about 7133 riyals (1,902 dollars).
As for the gold pound (8 grams of 21 carat), it was recorded 1,605 riyals (428 dollars).
Gold price worldwide
Gold clung to the level of $ 1900 in volatile trading on Friday, as the rise of the dollar limited the gains, but the precious metal was still on track to achieve its largest weekly gain in 8 weeks as risk appetite was affected by US President Donald Trump’s COVID-19 infection.
Spot gold fell 0.2% to $ 1900.40 an ounce and prices are on the way to a 2.2% increase this week, and is on track to achieve the largest weekly rise in percentage since early August.
US gold futures settled, down 0.5%, at $ 1,907.60.
Gold had risen to a peak of more than a week after Trump said on Twitter that he and his wife Melania had contracted the Coronavirus, affecting Wall Street.
“Gold will likely remain in a limited range in the short term. The market will be waiting for the weekend and following the news,” said Tae Wong, director of base and precious metals derivatives trading at BMO.
The dollar also benefited from the appetite for safe havens, which limited the rise of gold.
Attention is also turning towards a US agreement on aid linked to the Coronavirus.
These were the details of the news Gold prices in Saudi Arabia today, Saturday, October 3, 2020 for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
