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الاقتصادية
Saudi gold prices on October 1
On Thursday, October 1, 2026, gold prices in Saudi Arabia experienced a slight increase across all denominations compared to the previous day, with the price of 24-karat gold reaching approximately 504 Saudi Riyals (134.4 USD) per gram. Prices of other denominations also saw modest rises as investors focused on monitoring US employment data, which influences the direction of interest rates. This comes amid global gold price fluctuations following the US inflation slowdown in August and with an 87% likelihood of a rate hike in December. Gold continues to be favored as a safe haven amidst worldwide economic volatility. Meanwhile, spot gold prices declined to $4,146.66 per ounce, amid signs of potential disruption in its appeal due to rising interest rates.
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