Saudi gold prices fall amid global ounce decline
Gold prices in Saudi Arabia experienced a relative decline during Monday's trading, influenced by a decrease in the global price of the precious metal. The price of a gram of 24-karat gold reached approximately $129.2, while 21-karat gold was about $113.1. Globally, the price of an ounce fell by 0.4%, reaching $4,000.55, marking a weekly loss of 2.5%. This decline comes amid increasing geopolitical tensions and oil prices rising above $90 per barrel. This indicates a downturn in the gold market—the largest in six weeks—while concerns about international tensions and their impact on financial markets persist.
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