The price of Saudi gold witnessed a slight decrease today, Monday, 3-2-2020, as the price of gold in the Kingdom of Saudi Arabia, “24 carat”, reached about 190.68 Saudi riyals.
The gold prices today in Saudi Arabia’s financial markets in Saudi riyals are as follows:
The price of 24 carat gold
About 190.68 riyals, equivalent to $ 50.83
The price of 22 carat gold
About 174.80 riyals, equivalent to $ 46.59
The price of 21 carat gold
About 85. 166 riyals, equivalent to $ 44.47
The price of 18 carat gold
About 143.02 riyals, equivalent to $ 38.12
14k gold price
About 111.23 riyals, equivalent to $ 29.65
The price of gold 12 carat
About 95.34 riyals, equivalent to $ 25.41
Gold price per ounce
About 5,930 riyals, equivalent to $ 1,581
The price of a pound of gold
About 1,335 riyals, or $ 355.79
The price of a kilo of gold
About 190,684 riyals, equivalent to $ 50,826
Here, we find that gold prices are at their highest levels in a month and a half, as the yellow metal received support from weak economic data from the United States and concerns about a temporary trade agreement between the United States and China.
Adding to the fears, Canada’s economy contracted, contrary to the expected 0.1% in October, marking the first monthly decline since February, including among them a strike in the American auto sector, which negatively affected manufacturing, which was reflected in gold prices.
Gold is an investment alternative in times of political and financial uncertainty. On the trade front, investors are awaiting further developments regarding the one-stage agreement between the two largest economies in the world.