Gold prices are dropping down the ladder in Saudi Arabia during today’s trading

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The search for gold prices in the Kingdom of Saudi Arabia increases every day, as many citizens follow its dealings, rise and retreat to find out the prices in the markets and goldsmiths’ shops, and among the groups that are most interested in this matter are merchants and shop owners, and women who want to change jewelry every period for the sake of adornment, as well as Those who are about to get married, who are waiting for its price to drop, to buy it at a reasonable price, and therefore we follow with you daily changes in its prices inside the Kingdom.

Gold prices in Saudi Arabia today

During the trading on Friday morning, corresponding to January 15, 2021, a decline in gold prices was observed by about three Saudi riyals, as today 24 carat of gold recorded 223.53 Saudi riyals per gram, and a 21 carat gram reached 195.59 Saudi riyals, as for 18 carat gold, it arrived The price of a gram of it reached 167.65 Saudi riyals, and the price of 14 carat also decreased, bringing the price of a gram of it to 130.39 Saudi riyals, as well as a gram of 12 carats to 112.01 Saudi riyals.

It is worth noting that the price of an ounce of gold today is 1854 US dollars, equivalent to 6952.50 Saudi riyals, and the price of the gold pound, which is equivalent to 8 grams of 21 carat, records 417.25 dollars, equivalent to 1564.70 Saudi riyals.

Factors affecting gold prices

Gold has been known in the recent period of instability in its prices, as it rises, then decreases, and returns to rise again, but it is never stable, and this is due to the volatile economic situation that the whole world is going through, due to the Corona virus that affected the global economy.



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