Gold prices in Saudi Arabia fall on Saturday after global drop

Gold prices in Saudi Arabia experienced a drop on Saturday, aligning with a significant decrease in global gold prices prior to the weekend. The decline in gold prices in Saudi Arabia was observed across all carats on the day, starting from the beginning of trading on Saturday, 16-3-1448, which corresponds to the Gregorian calendar. The price of 21-carat gold and other carats plummeted at the start of trading, mirroring the global trend of a substantial decline in gold prices during the final trading days of the week.

On the global exchange, the price of gold reached $4,455 per ounce on Saturday, marking a decline of 3.19% from the previous closing price before the weekend hiatus. In Saudi Arabia, the opening price of 21-carat gold on Saturday stood at 469.99 riyals (SAR) per gram, a stark contrast to the closing price of 483.68 riyals seen on the previous Friday. The gold prices in Saudi Arabia for all carats on Saturday, 16-3-1448, were as follows:

For an 8-gram gold sovereign, the buying and selling price in the Kingdom on Saturday was detailed. Additionally, gold bar prices varied according to weight, ranging from 1 gram to 1,000 grams, on the same day. The prices for gold bars in Saudi Arabia saw fluctuation based on their respective weights.