{
  "id": 18283287,
  "title": "Gold prices rise in Saudi Arabia as global markets surge",
  "url": "https://urgent.news/2026/11/05/gold-prices-rise-in-saudi-arabia-as-global-markets-surge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:17:22.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/news/qp1yiin1s"
  },
  "original_language": "en",
  "account": "Gold prices surged in Saudi Arabia on Thursday, aligning with a global market increase exceeding 1%, as the precious metal reached multi-month peaks. On 25 Jumada al-Awwal 1448, the price of 21-carat gold in the Kingdom, alongside other carats, experienced gains at the start of trading. On Tuesday's global exchange, gold was valued at approximately $4,126 per ounce, marking a 1.64% rise and reaching its highest level since October 22. The upward trend was fueled by a sharp decline in the US dollar index and falling US Treasury yields, following Democrats' resounding victory in the midterm elections and a four-day drop in oil prices. At the beginning of Thursday's trading, the price of 21-carat gold in Saudi Arabia was 435.09 riyals (SAR) per gram, contrasting with 415.35 riyals at Wednesday's close. On Thursday, 25 Jumada al-Awwal 1448, gold prices across all carats in Saudi Arabia were as follows: an 8-gram gold sovereign in the Kingdom saw varied prices based on weight, from 1 gram to 1,000 grams.",
  "summary": "Gold prices in Saudi Arabia climbed across all carats on Thursday, tracking a global increase of over 1% as the precious metal hit multi-month highs.",
  "key_points": [
    "Gold prices in Saudi Arabia rose 1% on Thursday, reaching multi-month peaks.",
    "21-carat gold in the Kingdom started trading at 435.09 riyals per gram.",
    "Surge was driven by declining US dollar index and falling US Treasury yields."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}