Gold prices fall by Rs700 per tola in Pakistan
Gold prices declined in Pakistan on Saturday, bringing some relief to buyers. The price of gold fell by Rs700 per tola. Consequently, the new rate reached Rs410,936 per tola. The All Pakistan Gems and Jewellers Association confirmed the latest prices. According to the association, gold prices recorded a decline in the local market. Meanwhile, the […]
Gold prices in Saudi Arabia experienced a decline on Saturday, aligning with a global drop in bullion prices. This downward trend affected all carats of gold, including the 21-carat variety, which saw a decrease at the start of trading hours. The global market observed a similar pattern, with the price of gold settling at approximately $3,883 per ounce on Saturday, marking the final closing figure before the weekend.
This decline came in the wake of the release of U.S. inflation data, which had set gold prices for a weekly loss of around 4.5%.
In Saudi Arabia, the opening price of 21-carat gold on Saturday, 4-6-1448 in the Hijri calendar, was 409.82 riyals (SAR) per gram. This was slightly lower than the closing price of 412.46 riyals achieved on the previous Friday. Across all carats, Saturday's prices for gold in Saudi Arabia varied, with transactions ranging from 1 gram to 1,000 grams. For instance, the price of an 8-gram gold sovereign in the Kingdom was specified for Saturday.
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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- No dust storms recorded in Saudi Arabia or region on Friday english.ajel.sa
