Saudi gold prices decline October 21

Gold prices in Saudi Arabia today, Wednesday, October 21, 2026, experienced a significant decline across all purities compared to yesterday's prices. The price of a gram of 24-karat gold reached approximately 469.2 Saudi Riyals (133.3 USD), 21-karat gold was priced at 434.2 Riyals (115.8 USD), and 22-karat gold stood at 454.8 Riyals (121.3 USD). Globally, gold continued its decline for the fourth consecutive session, driven by rising oil prices and growing concerns over inflation. Investors are closely watching the Federal Reserve's monetary policy meeting for signals about the future of interest rates, which are expected to be raised in December. This fluctuation in prices reflects the impact of economic tensions and changes in monetary policies on the precious metal market.

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