The gold price in Saudi Arabia today 5-3-2020 and 24 carat, 198.83 Saudi riyals

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We publish Saudi gold prices today, Thursday 5-3-2020, as the price of gold in the Kingdom of Saudi Arabia, “24 carat”, reached about 198.83 Saudi riyals, equivalent to 52.99. $, While “22-carat” amounted to 27 182 riyals, equivalent to 48.57 $

The gold prices today in the Saudi financial markets in Saudi riyals are as follows:

The price of 24 carat gold

About 198.83 riyals, equivalent to 52.99 $

The price of 22 carat gold

About 182.27 riyals, equivalent to 48.57 $

The price of 21 carat gold

About 98. 173 riyals, equivalent to 46.36 $

The price of 18 carat gold

About 149.13 riyals, equivalent to 39.74 $

14k gold price

About 115.99 riyals, equivalent to 30.91 $

The price of gold 12 carat

About 99.42 riyals, equivalent to 26.49 $

Gold price per ounce

About 6,184 riyals, equivalent to 1,648 $

The price of a pound of gold

About 1,392 riyals, equivalent to 370.92 $

The price of a kilo of gold

About 198,835 riyals, equivalent to 52,987 $

Here, we find that gold prices are at their highest levels in a month and a half, as the yellow metal received support from weak economic data from the United States and concerns about a temporary trade agreement between the United States and China.

Adding to the fears, Canada’s economy contracted, contrary to the expected 0.1% in October, marking the first monthly drop since February, including among them a strike in the American auto sector, which negatively affected manufacturing, which was reflected in gold prices.

Gold is considered an investment alternative in times of political and financial uncertainty. On the trade front, investors are awaiting further developments regarding the one-stage agreement between the two largest economies in the world.

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