Gold prices in Saudi Arabia today, Monday, October 25, 2021

Today, Monday, October 25, 2021, amid a series of price rises for the precious metal in world markets, the price of gold in Saudi Arabia rose slightly.

The price of gold in Saudi Arabia today

The price of a gram of 24 carat gold in Saudi Arabia rose to 217.14 riyals ($ 57.90) this morning, compared to 216.05 riyals ($ 57.61) on Monday.

The price of a gram of 21 gram carat gold (most traded in the market) during trading in Saudi Arabia on Monday rose by about 190 riyals ($ 50.67) compared to 189.05 riyals ($ 50.41) on Sunday.

The price of a gram of 18 carat gold rose to about 162.85 riyals ($ 43.43) in Saudi Arabia at the start of trading on Monday, while yesterday and Sunday it was about 162.04 riyals ($ 43.21).

In terms of economic gold trading, the price of 14 grams of carat gold rose to about 126.66 riyals ($ 33.78) in the first trade on Monday in Saudi Arabia, compared to 126.03 riyals ($ 33.61) on Sunday.

Price of gold per ounce and pound

The price of an ounce of gold rose to about 6757.50 riyals ($ 1802) in Saudi Arabia at the start of trading on Monday, compared to 6720 riyals ($ 1792) yesterday.

The price of a pound of gold rose to about 1519.97 riyals ($ 405.33) in Saudi Arabia on Monday morning, compared to 1512.37 riyals ($ 403.30) on Sunday.

Global gold prices

Globally, gold prices rose at the end of last week’s trade, recording its second consecutive weekly gains, supported by economic data and in anticipation of US monetary policy.

See also  Stock indices fell in the United States at the end of today's session; The Dow Jones Industrial Average fell 1.78%

On Sunday, US Treasury Secretary Janet Yellen said the United States had not seen a rise in inflation for a long time and that inflation was likely to return to normal in the second half of next year.

He added: “I do not think we are going to lose control of inflation. The inflation rate will be high next year, but I expect it to improve by the middle of next year.”

  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    • Economy
    • November 2, 2024
    • 133 views
    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    The wealth management landscape is undergoing a dramatic transformation, fueled by the rise of financial technology (fintech), according to fintech entrepreneur Emils Kerimovs. No longer exclusive to the ultra-wealthy, innovative…

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    How to Find the Best Online Casinos in the UAE

    How to Find the Best Online Casinos in the UAE

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Best HydraFacial Clinic in Dubai: The Magic of Radiant Skin

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Free Job Posting Sites in the UAE: Perfect for Both Job Seekers and Recruiters

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    Yaroslav Bogdanov: Google in Dubai announced the launch of an artificial intelligence initiative for MENA countries

    How to Choose the Right Mattress: Find the Best Fit for You

    How to Choose the Right Mattress: Find the Best Fit for You

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa

    Emils Kerimovs on Wealthtech Revolution: Investing in the Middle East and Africa