Saudi Arabia gold prices August 16

Gold prices in Saudi Arabia on Sunday, August 16, 2026, experienced a relative increase across all weights compared to the closing prices last week. Meanwhile, global gold prices declined due to the impact of U.S. jobs data, inflation figures, and retail sales on expectations that the Federal Reserve will raise interest rates in September. The price of 24-karat gold per gram reached approximately 527.66 SAR (140.7 USD), 21-karat gold was around 461.70 SAR (123.12 USD), and 22-karat gold stood at 483.69 SAR (128.98 USD). Additionally, 10-gram 24-karat gold bars were priced at 5,424.3 SAR (1,446.5 USD), 50-gram bars at 26,752.4 SAR (7,134 USD), and 1-kilogram bars at 531,356.2 SAR (141,694.9 USD). Globally, gold prices rose by 0.9% at the end of the week amid concerns over the impact of the Strait of Hormuz crisis and rising oil prices on inflation. Meanwhile, the spot ounce price fell to $4,375.89, with the dollar index down by 0.3%.

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