Gold prices in Saudi Arabia today, Sunday, October 11, 2020

Gold prices in Saudi Arabia today, Sunday, October 11, 2020
Gold prices in Saudi Arabia today, Sunday, October 11, 2020
Today, Sunday, gold prices in Saudi Arabia recorded a slight increase at the beginning of morning trading, after days of continuous rise, taking advantage of a jump in gold prices globally, with increasing bets on new stimulus in the United States.

The price of a gram of 24 carat gold was 232.69 riyals (62.05 dollars), compared to 232.33 riyals (61.95 dollars), yesterday.

The price of a gram of 21 carat gold, the best selling in the Kingdom, rose to 203.61 riyals (54.29 dollars), compared to 203.29 riyals (46.47 dollars) yesterday.

The price of a gram of 18 carat gold increased to 174.52 riyals (46.54 dollars), compared to 174.25 riyals (46.47 dollars), yesterday.

The price of a pound of gold and an ounce

The selling price of an ounce of gold in Saudi Arabia was 7237.5 riyals (1930 dollars), compared to 7226.2 riyals (1927 dollars), yesterday.

The price of the pound of gold (8 grams of 21 carat) recorded 1628.84 riyals (434.63 dollars), compared to 1,626.31 riyals (433.68 dollars), yesterday.

World prices

Global gold prices increased yesterday, Friday, by about 1% due to the weak dollar, and the attractiveness of the yellow metal as a hedge against inflation increased due to renewed optimism about a new US aid package to mitigate the repercussions of the Corona virus.

On the COMEX exchange, gold futures contracts for December 2020 delivery ended trading yesterday, up 1.6%.

According to Bloomberg, the price of gold increased by about $ 31 to $ 1926.2 an ounce in the settlement, yesterday.

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