High gold prices in the Saudi market … a gram starts at 163 riyals

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Coinciding with the rise of the precious metal globally.

Gold prices rose in the Saudi market during morning trading on Tuesday, coinciding with the rise in the precious metal prices globally.

The price of a gram of 24 carat gold was about 218.22 riyals (58.19 dollars), compared to 215.09 riyals (57.36 dollars), during yesterday’s trading.

The price of a gram of 21 carat gold – the most traded in the Kingdom and the region – increased to 190.95 riyals ($ 50.92), compared to 188.20 riyals ($ 50.19), on Monday.

The price of a gram of 18 carat gold rose to 163.67 riyals ($ 43.64), compared to 161.32 riyals ($ 43.92), yesterday, and the price of a gram of 14 carat gold rose to about 127.30 riyals ($ 33.95), compared to about 125.47 riyals ($ 33.38). Yesterday, Monday.

The price of an ounce of gold in the Saudi market was about 6791.25 riyals (1811 dollars), and the price of a pound of gold (8 grams of 21 carat) was about 1527.57 riyals (407.35 dollars).

Globally, gold rose in spot transactions today 0.2% to 1812.06 dollars an ounce by 0520 GMT, after reaching its highest levels since February 6 at 1815.63 dollars earlier in the session.

US Gold Futures gained 0.2% to $ 1811.30.

Gold prices rose to the peak of the week, today, Tuesday, supported by the weakening of the dollar and the decline in US Treasury yields, while the appeal of the yellow metal was boosted by fears of further rising inflation.

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