Gold prices steady in Saudi Arabia on Tuesday, 21-carat unchanged
Gold prices in Saudi Arabia held steady across all carat types on Tuesday, with 21-carat gold unchanged amid a slight global decline.
Gold prices in Saudi Arabia remained unchanged across all carat types on Tuesday, with 21-carat gold holding steady amid a slight decline in global markets. On the fifth day of the third year of the Islamic calendar, 5-3-1448, which corresponds to Tuesday, August 21, 2023, in the Gregorian calendar, gold prices in Saudi Arabia remained stable at the start of trading.
21-carat gold, along with other gold grades, opened at 462.95 riyals (SAR) per gram on Tuesday, matching the price at the close of trading on Monday. This stability in gold prices in the Kingdom contrasts with a slight drop in global gold prices. On Tuesday's global exchange, gold was priced at approximately $4,396 per ounce, reflecting a 0.47% decline.
Investors are now closely monitoring the minutes of the most recent US Federal Reserve meeting, seeking indications of future monetary policy direction.
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