Gold prices in Saudi Arabia declined slightly during early trading on Monday morning, compared to Sunday’s trading.
According to dealers, the average price of a gram of 24 carat gold in Saudi Arabia was 229.20 riyals (61.12 dollars), compared to 229.39 riyals (61.17 dollars) in Sunday’s trading.
The price of a gram of 21 carat gold, the best selling, was 200.55 riyals ($ 53.48), compared to 200.72 riyals ($ 53.52) yesterday.
As for the price of a gram of 18 carat gold, it recorded 171.90 riyals ($ 45.80) compared to 172.05 riyals ($ 45.88) in Sunday’s trading.
The price of a gram of 14 carat gold was about 133.70 riyals (35.65 dollars) compared to 133.81 riyals (35.82 dollars).
The price of an ounce and a pound of gold
On the Saudi market, the price of an ounce was 7,132.50 riyals (1,902 dollars).
As for the price of the pound of gold in the Kingdom (8 grams of 21 carat), it was recorded at 1604.37 riyals ($ 427.38).
The preliminary budget data for the Kingdom of Saudi Arabia for the next year 2021 expected a remarkable improvement in financial revenues to 846 billion Saudi riyals (225.6 billion dollars), an increase of 76 billion riyals (20.26 billion dollars) from the 2020 estimates, from 770 billion riyals (205.33 billion dollars) estimated In 2020.
And the Saudi Ministry of Finance announced the closing of the October 2020 offering of the Kingdom’s local riyal sukuk program.
On Sunday, the National Debt Management Center at the Ministry of Finance stated that receiving investors’ requests for its local issuance for the month of October 2020 has been completed, under the Saudi Arabian government sukuk program in the Saudi riyal.
According to the Saudi Press Agency, the size of the issuance was set at a total amount of 270 million Saudi riyals.
These were the details of the news Gold prices in Saudi Arabia today, Monday, October 26, 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.