Gold prices in Saudi Arabia fall across all carats on Thursday
Gold prices in Saudi Arabia declined on Thursday, with 21-carat and other grades dropping in early trading, mirroring a global decrease in gold prices.
Gold prices in Saudi Arabia fell on Thursday, April 13, 1448 (Islamic calendar), in line with a global decrease in gold prices. At the start of trading, the price of 21-carat gold was 449.70 riyals (SAR) per gram, down from 451.37 riyals at the close of trading on Wednesday. The price of other carats also declined during the early trading session.
This decline follows a sharp sell-off in the previous session, driven by higher oil prices and stronger-than-expected US economic data, which kept expectations high for further interest rate hikes by the Federal Reserve.
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