Gold prices in Saudi Arabia fell today, Monday, January 10, 2022, amid the stability of the gold price near its lowest level in three weeks. .
Gold price today in Saudi Arabia
And the price of a gram of 24 karat gold in Saudi Arabia, during morning trading on Monday, fell to about 216.46 riyals ($ 57.66).
The price of a gram of 21 karat gold (the most traded in the market) in Saudi Arabia, at the beginning of Monday’s trading, fell to about 189.41 riyals ($ 50.45).
The price of a gram of 18 karat gold in Saudi Arabia fell this morning, Monday, to about 162.35 riyals ($ 43.25).
In terms of economic gold transactions in Saudi Arabia, today, Monday, the price of a gram of 14 karat gold decreased to about 126.27 riyals ($ 33.64).
The price of an ounce and a pound of gold in Saudi Arabia
And the price of an ounce of gold in Saudi Arabia fell, during early trading today, Monday, to about 6,732.81 riyals (1,793.50 dollars).
While the price of the gold pound, at the beginning of trading today, Monday in Saudi Arabia, reached about 1515.25 riyals ($403.6).
Gold prices today globally
The price of gold stabilized on Monday, near its lowest level in three weeks, as traders awaited the US inflation data for the month of December, which may reinforce expectations that the Federal Reserve will raise interest rates sooner than expected after weak data on the employment rate in America.
There was little change in the price of gold in spot transactions, recording to $ 1795.11 an ounce (an ounce) at 0234 GMT, after falling to its lowest level since December 16, at $ 1782.10 on Friday.
And the price of gold in futures transactions in the US market fell 0.2% to 1794 dollars.
US Treasury yields rose last week, after the Federal Reserve’s policy meeting minutes, which indicated a sooner-than-expected rate hike and the possibility of the Fed cutting its balance sheet sooner than many expected.
In other precious metals markets, the price of silver settled unchanged at $22.29 an ounce, platinum rose 0.1% to $956.10 an ounce, and palladium fell 0.3% to $1,927.25 an ounce.
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