Gold prices today in Saudi Arabia.. a slight increase

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Today, Thursday morning, January 26, 2023, gold prices rose slightly in Saudi Arabia, with gold rising in the global market.

The price of a gram of 24 carat gold today in Saudi Arabia was 234.95 riyals, compared to 234.61 riyals yesterday, while the price of a gram of 21 carat, the most traded in the Kingdom, declined at 205.59 riyals, compared to 205.29 riyals yesterday.

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While the price of a gram of 18 carat gold today in Saudi Arabia reached 176.22 riyals, compared to 175.96 riyals yesterday.

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The economic gold price today in Saudi Arabia

As for the economic price of gold today in Saudi Arabia, 14 karat of it reached about 137.06 riyals, compared to 136.86 riyals yesterday, and as for 12 karat, it recorded about 117.48 riyals, compared to 117.30 riyals yesterday.

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The price of an ounce of gold today in Saudi Arabia recorded about 7,307 riyals, while the price of the gold pound today in Saudi Arabia, “8 grams of 21 karat,” amounted to about 1,645 riyals.

The price of gold in global trading

Gold changed its direction to the upside during yesterday’s trading, Wednesday, with the decline in the dollar, while investors focused on a set of upcoming US economic data that may affect the meeting of the Federal Reserve’s Monetary Policy Committee next week.

And gold in spot transactions rose 0.2% to 1940.49 dollars an ounce, while gold futures contracts were settled in the United States, up 0.4% at 1942.6 dollars.

Spot silver increased 0.6% to $23.81 an ounce, while platinum fell 1.5% to $1,041.63, and palladium fell 2.7% to $1,696.50.

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