10 Hrs
Source:
الاقتصادية
Saudi gold prices dip slightly
On Sunday, August 30, 2026, gold prices in Saudi Arabia experienced a slight decline across all denominations compared to the closing prices of last week. This was influenced by statements from Federal Reserve Chairman Kevin Worch, which softened gold gains and indicated the possibility of a US interest rate hike in September. The price of 24-karat gold per gram was approximately 537.13 SAR (143.2 USD), while 21-karat was about 469.99 SAR (125.3 USD), and 22-karat around 492.37 SAR (131.3 USD). Additionally, a 10-gram gold bar of 24-karat reached approximately 5,521.6 SAR (1,472.4 USD), a 50-gram bar about 27,232.3 SAR (7,261.9 USD), and a one-kilogram bar roughly 540,886.9 SAR (144,236.5 USD). Globally, the price of gold decreased by 2.9% weekly, approaching 4,567.23 USD per ounce. Expectations of an interest rate increase to 58% in September and 89% in December are fueled by ongoing inflationary pressures and expectations of tightening monetary policies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)