Gold prices in Saudi Arabia decline on Thursday, July 9, 2026, as 21-karat gold decreases

Gold prices in Saudi Arabia saw a slight decline today, Thursday, July 9, 2026, across all denominations. This comes amid a global dip in gold prices, approaching its lowest level in a week due to escalating tensions between the United States and Iran. The tension has led to rising oil prices, increased concerns about inflation, and ongoing hikes in interest rates. The price of a gram of 24-karat gold stood at approximately 489.6 SAR (130.6 USD), while 21-karat gold was around 428.4 SAR (114.2 USD), and 22-karat gold reached about 448.8 SAR (119.7 USD). On the other hand, the spot gold price decreased by 0.4%, reaching $4,060.46 per ounce. Market expectations suggest a higher likelihood of the U.S. interest rates being raised in the future.

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