Gold Rate in Saudi Arabia

Gold Rate in Saudi Arabia – 16 Sept 2023

Gold, often referred to as the “yellow metal,” has always held a special place in the hearts of Saudis and investors alike. As of September 12, 2023, the Gold price in Saudi Arabia (KSA) is closely monitored by those who are keen on its fluctuations in the global market.

Gold price in Saudi Arabia

Gold Prices per 10 Grams:

  • 24-Karat Gold: 2318.30 SAR
  • 22-Karat Gold: 2125.10 SAR

Gold Prices per Tola (approximately 11.66 grams):

  • 24-Karat Gold: 2704.06 SAR
  • 22-Karat Gold: 2478.72 SAR

These figures provide a snapshot of the current gold price in Saudi Arabia, but it’s essential to note that these prices are subject to constant change. The gold market is influenced by various factors, including international economic conditions, geopolitical events, and supply and demand dynamics.

Investors and individuals who engage in trading activities are advised not to rely solely on the rates mentioned here for their decisions. For the most accurate and up-to-date gold prices, it is recommended to consult local bullion markets or reputable financial sources.

Read More: Gold price in Saudi Arabia – 11 Sept 2023

This ensures that you are well-informed when making investment choices or purchasing jewellery.

Gold’s appeal goes beyond its cultural significance in Saudi Arabia; it is a globally recognized safe-haven asset. During times of economic uncertainty or inflationary pressure, gold often sees increased demand as a store of value. Therefore, staying informed about the current gold rates is essential for anyone with an interest in the precious metal.

Please bear in mind that these rates are specific to September 12, 2023, and are provided for informational purposes. If you are considering buying or selling gold or using it as an investment vehicle, it is advisable to keep a close eye on market trends and seek advice from financial experts who can provide insights tailored to your specific needs and goals.