Gold prices drop in Saudi gold market

The price of 24 karat gold per gram in the Saudi gold market is a record 222.85 riyals

Gold

A decrease in gold prices has been recorded in the Saudi gold market.


According to the Saudi news agency, the price of gold in the Saudi gold market recorded a decrease, the price of 24 karat 1 gram of gold was 222.85 riyals, 22 karat 1 gram was 204.28 and 18 karat 167.14 riyals, while 21 karat 1 gram of gold was sold for 195.00 riyals.


In the gold market, 21 carat 8 gram guinea was 1,871.97 Rials, 22 carat 1 gram guinea was 1,961.11 Rials while 24 carat 1 gram guinea was 2,139.39 Rials and 1 kg of gold was available at 224,413.42 Rials.


On the other hand, the local market also witnessed a record decline in gold prices in September following the improvement in the value of the Pakistani currency against the US dollar.


According to details, on August 31, the price of gold per tola had reached the highest level of Rs. A record decrease of 36 thousand rupees was recorded in the price of gold per tola during one month.