Gold prices in Saudi Arabia today, Monday, October 12, 2020

Gold prices in Saudi Arabia today, Monday, October 12, 2020
Gold prices in Saudi Arabia today, Monday, October 12, 2020
Gold prices stabilized in Saudi Arabia during morning trading today, Monday, after days of continuous rise, taking advantage of a jump in global gold prices in light of investors hedging against expected inflation in the US economy.

The price of a gram of 24-carat gold recorded 232.69 riyals (62.05 dollars), while the price of a gram of 21-carat gold, the best selling in the Kingdom, was 203.61 riyals (54.29 dollars), and the prices before calculating “workmanship”.

According to data, the price of a gram of 18 carat gold in the Kingdom is about 174.52 riyals (46.54 dollars).

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).

The price of the pound of gold (8 grams of 21 carat) was 1628.84 riyals ($ 434.63).

World prices

Global gold prices increased yesterday to 1926.2 dollars an ounce in futures contracts for December 2020 delivery, according to the Comex Exchange.

And at the end of the week’s trading, it rose last 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 alleviate the repercussions of the Corona virus.

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