Saudi Arabia gold prices July 28

Today, gold prices in Saudi Arabia declined slightly across all denominations amid a global retreat driven by the strengthening US dollar and market anticipation regarding the Federal Reserve's decision on interest rates. The price of a gram of 24-karat gold is approximately 487.9 SAR (130.1 USD), while 21-karat gold is around 426.9 SAR (113.8 USD), and 22-karat gold about 447.2 SAR (119.2 USD). Additionally, the price of a 10-gram gold bar of 24-karat gold is approximately 5,015.2 SAR (1,337.4 USD), a 50-gram bar is about 24,734.7 SAR (6,595.9 USD), and a one-kilogram bar is roughly 491,278.9 SAR (131,007.7 USD). Globally, the spot gold price has decreased by 0.7% to $4,044.81 per ounce, as markets await the Federal Reserve's decision on interest rate hikes, with expectations leaning towards a hold or a modest increase of 0.25%.

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