Today, October 5, 2022, during trading, the price of gold in Saudi Arabia increased due to the yellow metal’s continued rise in price globally, an increase in gold trading on the global stock exchange, and investors’ preference for it as a safe haven due to political unrest following Russia’s announcement that it would annex 4 regions of Ukraine.
Due to the consistency of the purchasing and selling activity in the Kingdom’s local markets, the price of a gramme of gold today is 3 riyals higher than it was on Tuesday.
Because gold and a basket of other world currencies, including the dollar, the euro, the Japanese yen, the British pound, the Chinese yuan, and others, have an inverse connection, how much the value of the dollar rises or falls globally affects gold prices.
the more valuable the currencies are; When currencies lost value, the price of gold increased globally, but the local market in the Kingdom was directly impacted by changes in the global market.
A gramme of 24 carat gold costs 208.22 Saudi riyals, which is the equal of $55.52.
A gramme of 22-karat gold costs 190. 87 riyals, or $50. 90, in Saudi Arabia.
whereas a gramme of 21-karat gold cost 182 in Saudi Arabia.
19 riyals, which is equal to $48.58.
A gramme of 18 carat gold costs 156.16 riyals, or (41.64) dollars, in Saudi Arabia.
In Saudi Arabia, a gramme of 14-karat gold cost 121.46 riyals, or $32.39 at current exchange rates.
In Saudi Arabia, a pound of 21-karat gold costs 1749 riyals, which is equivalent to (466 dollars).
In Saudi Arabia, a 22-carat gold pound costs 1832 riyals, which is equal to (488 dollars).
In Saudi Arabia, a pound of 24 karat gold costs 1998 riyals, which is equivalent to (533 dollars).
Saudi Arabia’s gold price in US dollars
In Saudi Arabia, one ounce of gold costs 6480 riyals, which is equal to (1728 dollars).
In Saudi Arabia, an ounce of gold costs 6476 riyals, which is equal to (1727 dollars).
A gramme of used 24 carat gold costs between 185 and 192 riyals.
A used 22-carat gold gramme costs between 175 and 185 riyals.
A gramme of used 21-karat gold costs between 170 and 177 riyals.
A gramme of used 18 carat gold costs between 140 and 151 riyals.
Today, October 5, 2022, Saudi Arabia’s gold prices are rising.
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