Gold prices in Saudi Arabia today, Thursday, October 8, 2020

Gold prices in Saudi Arabia today, Thursday, October 8, 2020
Gold prices in Saudi Arabia today, Thursday, October 8, 2020
Gold prices in Saudi Arabia stabilized during morning trading today, Thursday, at the average closing prices yesterday, with expectations of an increase, with global gold prices rising about 1%, driven by new concerns about economic recovery.

The average price of a gram of 24 carat gold was about 227.51 riyals (60.67 dollars) compared to 227.82 riyals (60.74 dollars) dollars on Wednesday and the prices before calculating the “workmanship” of the seller.

The price of a gram of 21 carat gold was about 199.07 riyals ($ 53.09), compared to 199.35 riyals ($ 53.15) yesterday.

The price of a gram of 18 carat gold in Saudi Arabia was about 170.63 riyals (45.50 dollars), compared to 170.87 riyals, about 45.55 dollars, in Wednesday’s trading.

The price of an ounce of gold (an ounce) in Saudi Arabia was about 7 thousand and 76 riyals (1887 dollars), while it was recorded in Wednesday’s trading 7 thousand and 85 riyals (1889 dollars).

The Saudi gold market is one of the largest markets in the region to consume the yellow metal, and it ranks first in the Arab world and third in the world after the United States and India.

And last Monday, the Saudis began dealing with the new five-riyal bill, made of polymer, plastic, along with the five-riyal denomination currently in circulation, as an official legal currency.

The new currency is distinguished by high security features that enhance the confidence and safety of its holders. This is due to the nature of the technologies adopted in the manufacture of the transparent film prepared for fixing colors and security marks, which enables its holders to ensure the integrity of the banknote by touching, looking or moving.

Globally, gold rose about 1% on Wednesday, recovering from an early loss and a drop of 2% in the previous session.

And gold increased in spot trading 1% to 1895.46 dollars an ounce by 0727 GMT.

And gold futures trading in the United States fell 0.4% to 1901.60 dollars an ounce.

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