Gold prices in Saudi Arabia fall on Saturday amid global decline
Gold prices in Saudi Arabia dropped across all carats on Saturday, tracking a global decrease in the precious metal ahead of the weekend.
Gold prices in Saudi Arabia experienced a downward trend on Saturday, aligning with a global decrease in the precious metal. The drop occurred on the third day of the Islamic month of Ramadan, 1448 (Gregorian date: 23-3-1448), across all carats. The price of 21-carat gold and other grades was observed to fall at the beginning of trading on Saturday.
This price decline mirrored a similar trend in the global market, where gold was traded at $4,430 per ounce, a 0.96% decrease from the previous closing price before the weekend. In Saudi Arabia, the opening price for 21-carat gold was 467.37 riyals per gram on Saturday, down from 472.25 riyals at the close of Friday's trading. Gold prices in Saudi Arabia for Saturday, 23-3-1448, were as follows: The buy and sell prices for an ounce of gold in Saudi Arabia on this day were reported.
The cost of an 8-gram gold sovereign in Saudi Arabia was also disclosed. Gold bar prices varied according to weight, ranging from 1 gram to 1,000 grams.
Written by urgent.news from Ajel English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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