Gold price rises in Saudi Arabia

Gold prices rose in Saudi Arabia, reaching 233.18 riyals per gram of 24 carat gold.

According to the Saudi website, gold prices rose in Saudi Arabia, reaching 24 carats 233.18 riyals. Until one day earlier, a gram of 24 carat gold was available at 232.93.

One gram of gold rose from 203.82 riyals to 204.03 riyals on Friday.

The price of 18 carat gold per gram was 174.89 riyals while on Thursday it was available at 174.7 riyals.

A gram of 16 carat gold reached 155.45 riyals, a gram of 14 carat gold price was 136.02 riyals. Similarly, the price of 12 carat gold per gram was recorded at 116.59 riyals while the price of 10 carat gold per gram was recorded at 97.16 riyals.

The rise in gold prices was due to the rise in gold prices in the global market on Friday, with global stocks and US bond yields falling.