Saudi gold prices today after global drop

Gold prices in Saudi Arabia experienced a slight decline today across all denominations compared to yesterday's prices, amid a global downturn driven by the strength of the dollar and U.S. Treasury bond yields, despite expectations of reduced chances of the Federal Reserve raising interest rates in October. The price of a gram of 24-karat gold reached 496.9 SAR ($132.5), 21-karat gold stood at 434.8 SAR ($115.9), and 22-karat gold was at 455.5 SAR ($121.5). Globally, the price of gold decreased by 0.3%, reaching $4,128.69 per ounce, with the likelihood of a U.S. interest rate hike in December remaining at 87%, influencing the prices of this precious metal.

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