Saudi gold prices fall on July 5

Gold prices in Saudi Arabia experienced a slight decline across all denominations compared to last week's prices, marking the first weekly gain worldwide in five weeks. The price of a gram of 24-karat gold reached 503.37 SAR (134.23 USD), 21-karat gold sold for 440.45 SAR (117.45 USD), and 22-karat gold amounted to 461.43 SAR (123.05 USD). The decrease in expectations for U.S. interest rate hikes and a weakened dollar contributed to a rise in global gold prices, with the ounce surpassing the $4,150 mark for the first time in two weeks.

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