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Gold prices fall in Saudi Arabia as 21-karat drops to 421 riyals

Gold prices declined in Saudi Arabia on Monday, with 21-karat gold—the most popular—trading at 421.54 riyals ($112.41) per gram.

Gold prices fall in Saudi Arabia as 21-karat drops to 421 riyals

Saudi Arabia’s civil defence agency issued and subsequently rescinded "potential danger" alerts for Mecca, Jeddah, Taif, and Yanbu on Friday. Middle East Eye reported that the agency did not provide a reason for the warnings, which included instructions for residents to proceed to the nearest safe place. The agency also issued a legal warning against sharing information or images concerning countering drones and missiles. Punch Nigeria also noted that the alerts for these western provinces were rescinded.

Separately, the Saudi-led coalition announced on Saturday that air defences intercepted and destroyed a ballistic missile launched toward Riyadh by the Houthi terrorist militia. This interception was accompanied by two explosions heard in the capital. A drone was also intercepted in the country's Eastern Province, according to coalition spokesman Turki al-Malki. Malay Mail reported that an early warning system was activated to alert residents to the potential threat.

Brief written by urgent.news from Punch Nigeria, Hindustan Times - World News, Middle East Eye, Ajel English, Malay Mail — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.

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