The price of gold in Saudi Arabia fell today, Wednesday, September 7, 2022, during daily transactions in the money market, as the price of a gram of gold today fell by one riyal from the price of yesterday, Tuesday, affected by the drop in the price of the yellow metal globally with a decrease in gold trading on the global stock exchange in light of the high The value of the US dollar globally, while at the same time the stability of the movement of buying and selling in the local markets in the Kingdom.
The drop in gold prices in Saudi Arabia came today, Wednesday, September 7, 2022, with the price of the yellow metal declining globally, amid expectations of a further decline in the coming days, due to the rise in the value of the dollar.
The gold price in Saudi Arabia today, Wednesday 7 September 2022
Gold prices fell, today, Wednesday, in the local markets in the Kingdom of Saudi Arabia, so that the prices are as follows:
The price of gold directly in Saudi Arabia:
The price of a gram of 24 karat gold in Saudi Arabia: 205.08 riyals, equivalent to ($ 54.69).
The price of a gram of 22 karat gold in Saudi Arabia: 187.99 riyals, equivalent to ($ 50.13).
While the price of a gram of 21 karat gold in Saudi Arabia came: 179.45 riyals, equivalent to ($ 47.85).
The price of a gram of 18 karat gold in Saudi Arabia: 155.08 riyals, equivalent to (41.35) dollars.
The price of a gram of 14 karat gold in Saudi Arabia was: 119.63 riyals, equivalent to ($ 31.90).
The price of buying used gold today in Saudi Arabia:
The purchase prices of used gold decreased, today, Wednesday, in the local markets in the Kingdom, as follows:
The price of a gram of used 24 karat gold: from 185 to 187 riyals.
The price of a used gram of 22 karat gold: from 180 to 182 riyals.
The price of a gram of used 21 karat gold: from 170 to 174 riyals.
The price of a gram of used 18 karat gold: from 145 to 148 riyals.
The price of gold in US dollars against the Saudi riyal
The price of an ounce of gold, today, Wednesday, in Saudi Arabia, in riyals against the US dollar, is as follows:
The price of an ounce of gold in Saudi Arabia for sale: 6378 riyals, equivalent to (1701 dollars).
The price of an ounce of gold in Saudi Arabia for purchase: 6382 riyals, equivalent to (1702 dollars).
The price of the gold pound in Saudi Arabia today, Wednesday, September 7, 2022
And the price of the gold pound in Saudi Arabia recorded today, Wednesday, September 7, 2022, in the local markets, as follows:
The price of a 21 carat gold pound in Saudi Arabia: 1722 riyals, equivalent to (459 dollars).
The price of the gold pound in Saudi Arabia, 22 karat: 1804 riyals, equivalent to (481 dollars).
The price of the 24 carat gold pound in Saudi Arabia: 1968 riyals, equivalent to (525 dollars).
The price of gold globally is affected by the extent of raising and decreasing the value of the dollar, as it is in an inverse relationship between gold and the basket of global currencies such as: the dollar, the euro, the Japanese yen, the British pound, the Chinese yuan, and other currencies. The value of currencies fell, the price of gold rose, while the local market in the Kingdom is directly affected by the global market.
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