[XAU/SAR] Gold prices in Saudi Arabia remain stable, despite global decline, September 15, 2023
Gold prices in Saudi Arabia remained stable on Friday, September 15, 2023, as the global price of the precious metal declined.
Gold
The price of a gram of 21k gold in Saudi Arabia was 202.23 Saudi riyals, or approximately $53.93.
The stability of gold prices in Saudi Arabia comes as the global price of the metal has fallen in recent weeks. The decline is attributed to a number of factors, including rising interest rates in the United States, which make gold a less attractive investment.
Table of gold prices in Saudi Arabia on September 15, 2023:
| Gold Purity | Price per gram (SAR) | Price per gram (USD) |
|---|---|---|
| 24k | 231.12 | 61.63 |
| 22k | 211.86 | 56.50 |
| 21k | 202.23 | 53.93 |
| 18k | 173.34 | 46.22 |
| 14k | 134.82 | 35.95 |
| Ounce (sell) | 7,188.75 | 1,917.00 |
| Ounce (buy) | 7,192.50 | 1,918.00 |
