Gold prices in Saudi Arabia on Thursday, December 17, 2020


Gold prices rose in Saudi Arabia on Thursday, despite the stability of the price of the precious metal in the world markets.

The return of fears that gold will not lose gains on Wednesday, as increased cases of COFD-19 and restrictions put pressure on investor appetite for normally high-risk assets, as well as the closure of key economies.

The price of 24 per gram of gold in the Kingdom rose to 224.3 riyals ($60), compared to 223.29 riyals ($59.54) in past transactions.

Price of 21-carat gold

The price of 21-carat gold (best-selling in the Kingdom) rose to 197.1 riyals ($52.50) from 195.38 riyals ($52.10) on Wednesday.

The price of 18-carat gold rose to 168.50 riyals ($45.1), compared to 167.47 riyals ($44.88), while 14-carat gold was priced at 131.15 riyals ($34.83).

Price per ounce

The price of an ounce increased to about 6,960 riyals ($1,856), compared to about 6,945 riyals ($1,852) yesterday, rising by 15 riyals ($4).

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