Gold prices in Saudi Arabia July 1

Gold prices in Saudi Arabia experienced a slight decline today, Wednesday, July 1, 2026, with the prices of all denominations decreasing compared to last night. The price of a gram of 24-karat gold reached approximately 479 riyals (127.8 USD). This decline comes amid a drop in global gold prices, driven by rising US Treasury yields and reduced prospects of reaching a lasting peace agreement between the United States and Iran. These factors have heightened concerns about inflation and the possibility of tightening monetary policy.

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