Gold prices rose today in Saudi Arabia during trading on Saturday, January 28, 2023, despite the decline in precious metals in global markets.
On world markets, gold prices fell during the weekend session (yesterday, Friday) due to investors’ concerns about recent economic data, which showed that the US economy continues to grow, despite the continued rise in interest rates.
This data caused investors to fear that the Federal Reserve (US central bank) will return to its tough policy of raising interest rates.
The price of a gram of 24 carat gold in Saudi Arabia
The price of a gram of 24k gold rose to 232.78 rials ($62.01) in the Kingdom today from 232.27 rials ($61.88) yesterday, according to the Gold Price Today platform.
The price of a gram of 18 carat gold rose to 174.59 rials ($46.51) in the Kingdom today, compared to 174.21 rials ($46.41) yesterday.
The price of a gram of 21 carat gold in Saudi Arabia
The increase included the price of a gram of 21 carat gold in the Kingdom to 203.69 rials ($54.26) compared to 205.76 rials ($54.80) yesterday.
Gold price in Saudi Arabia
The price of a pound of gold in the Kingdom rose today to 1,630 rials ($434.08) compared to 1,626 rials ($433.18) yesterday.
