Gold prices stabilized in Saudi Arabia today, Sunday, at yesterday’s close, and the price of a gram of 24 carat gold was recorded at about 226.54 riyals ($ 60.41).
The price of a gram of 21 carat gold, the best selling in the Kingdom, was about 198.22 riyals ($ 52.86).
Gold is low cost
The price of a gram of 18-carat gold was about 169.91 riyals ($ 45.31), while the price of a gram of 14-carat gold was about 132.15 riyals ($ 35.24).
The price of an ounce and a pound of gold
The price of an ounce (an ounce) was about 7046.25 riyals (1879 dollars), while the price of the pound of gold in Saudi Arabia (8 grams of 21 carat) was about 1585.80 riyals (422.88 dollars).
Gold prices worldwide
Gold prices rose globally, at the end of last week’s trading, taking advantage of the decline in the dollar, which pushed safe haven flows towards gold again after the increase in cases of Coronavirus.
And gold rose in immediate transactions 0.1% to 1869.16 dollars an ounce.
US gold futures rose 0.1% to $ 1869.
Gold has witnessed sharp declines in the past two sessions, as it lost its position against the dollar as a preferred safe haven in the face of the risks of an escalating pandemic and the US presidential elections that will be held next Tuesday.
The dollar index stopped its rise and stabilized against a basket of currencies, which reduces the cost of the precious metal for holders of other currencies.
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