Saudi gold prices rise August 12

Today, Wednesday, August 12, 2026, gold prices in Saudi Arabia experienced a relative increase across all denominations compared to yesterday, with a global rise of about 1%. This is supported by a decrease in expectations of the U.S. Federal Reserve raising interest rates. The price of 24-karat gold per gram reached approximately 501.1 riyals ($133.6), and 21-karat gold was at 438.4 riyals ($116.9). The prices of 10-gram ingots of 24-karat gold stood around 5,150.8 riyals ($1,373.5), while a kilogram was priced at 504,555.1 riyals ($134,548.1). Globally, gold prices rose to their highest level in 10 weeks, with spot transactions reaching $4,406.34 per ounce, amid expectations that U.S. interest rate hike forecasts will decline compared to previous weeks.

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