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Gold prices in Saudi Arabia today, Thursday, 16/7/2026, have declined due to persistent selling pressures in the global markets. The prices of various gold karats have dropped, including 24-karat gold, which recorded approximately 486.11 Saudi Riyals per gram, and 21-karat gold, which reached 425.25 Riyals. Meanwhile, the ounce slipped to levels approaching $4,030, affected by the rising US dollar and US Treasury yields. Experts anticipate continued pressure on gold prices in the near future, with a possibility of the price breaking below current support levels, as they await upcoming US inflation and monetary policy data, which could lead to stabilization or further declines in prices.
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