Saudi gold 24K at 542 riyals

Gold prices in Saudi Arabia fluctuated on August 20, 2026, with the 24-karat grade trading at 542 riyals ($144.5), and the 21-karat grade reaching 474.2 riyals ($126.5). Despite a rise in global gold prices—surging over 4% during the session—the local market experienced a slight increase due to the dollar's decline following the U.S. Treasury Department's announcement of support for liquidity in long-term bonds. This, coupled with growing demand for gold as a safe haven amid global economic tensions, contributed to the modest uptick.

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