Gold price stability in Saudi Arabia today, Sunday 1-11-2020

Gold price stability in Saudi Arabia today, Sunday 1-11-2020
Gold price stability in Saudi Arabia today, Sunday 1-11-2020
Saudi gold prices stabilized today, Sunday 1-11-2020, as the price of “24 karat” gold in the Kingdom of Saudi Arabia reached about 226.66 Saudi riyals, and today gold prices came in the money markets in Saudi Arabia in Saudi riyals as follows:

The price of gold is 24 carat

At about 226.66 riyals, equivalent to $ 60.44

The price of gold is 22 carat

About 207.77 riyals, equivalent to $ 55.40

The price of gold is 21 carat

About 198.33 riyals, equivalent to $ 52.88

The price of 18 carat gold

About 169.99 riyals, equivalent to $ 45.33

The price of gold is 14 carat

About 132.22 riyals, equivalent to $ 35.26

The price of gold is 12 carat

About 113.33 riyals, equivalent to $ 30.22

The price of an ounce of gold

About 7,049 riyals, equivalent to $ 1,880

The price of the gold pound

About 1,587 riyals, equivalent to $ 423.07

The price of a kilo of gold

About 226,655 riyals, equivalent to $ 60,437

Gold prices fell last week by more than $ 30 at the global level, and in Egypt it almost fell between 12 to 14 pounds per gram, and the market program discussed the reasons for the decline in global and local prices, in addition to discussing the future of the dollar price in the Egyptian market.

Gold fell globally 2% to 1870 and then took a path to rise, but in a limited way, to close at 1878 dollars, with the decline of the dollar, which pushed safe haven flows towards the yellow metal again after the increase in cases of Coronavirus in the United States and Europe, which threatens to deviate the global economic recovery from Its course.

Gold is heading on its path to record a decline for the third consecutive month, with sentiment negatively affected by the lack of progress on a new US stimulus package, as the yellow metal is considered a hedge in the face of inflation and a depressed currency.

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