Gold rates fall in Saudi Arabia and UAE
Gold prices in Saudi Arabia and the UAE experienced a decline during trading on Monday, October 19, 2026, despite the global increase of 2% in yellow metal prices. In Saudi Arabia, the price of 24-karat gold dropped to approximately 501.58 SAR, 21-karat to 438.88 SAR, 18-karat to 376.19 SAR, and 14-karat to 292.59 SAR compared to yesterday's prices. In the UAE, the price per gram of 24-karat gold fell to 489.43 AED, 21-karat to 428.25 AED, 18-karat to 367.08 AED, and 14-karat to 285.50 AED. This decline reflects a divergence in price movements between local markets and the global market, as domestic gold prices are influenced by factors such as currency exchange rates, demand, and trading costs, despite the overall increase in the metal’s global price. It remains essential to monitor local prices and costs when buying or selling, due to differing market trends and the need to consider local factors in determining the true price.
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