Gold prices rise in Saudi Arabia on Tuesday across all categories

Gold prices in Saudi Arabia surged on Tuesday across all categories, as the precious metal continued its upward trajectory globally. The initial trading hours saw 21-karat and other gold types maintaining their prices from the previous day's close. This trend mirrored the rise in gold prices on the international exchange, which had hit a two-month high the day before.

Investors are now eagerly anticipating the release of key US inflation data, which could provide further insights into the potential direction of interest rates within the United States. In the Kingdom, the price of 21-karat gold opened at 460.25 riyals (SAR) per gram on Tuesday, reflecting a 4.47 riyal increase from the Monday evening closing price of 455.78 riyals.

Throughout the day, gold prices in Saudi Arabia for various categories remained consistent. For instance, a gold sovereign weighing 8 grams was priced at 9202 riyals. Gold bar prices, which varied by weight, started from 1 gram and extended up to 1,000 grams. The specific prices for each bar size were provided for the day's trading session.