RIYADH – Gold prices in Saudi Arabia are surging, with the golden ounce reaching 12,580.50 riyals, fueled by global market trends and expectations of shifting US monetary policy. Investors and citizens are closely watching the market,as prices have climbed nearly 40% since the start of 2025.
The recent ascent reflects increasing demand for gold as a safe haven asset, notably as investors anticipate potential interest rate cuts by the US Federal Reserve. This expectation enhances gold’s appeal, driving up prices both internationally and within the Saudi market. Current pricing sees 18 carat gold at 329.75 riyals, 14 carat at 236.00 riyals, and 12 caliber at 202.25 riyals. Globally, the gold ounce saw a 1.6% increase in the past week, hitting a historic high of 3,674 dollars before closing at 3,643 dollars, according to analysis from “jelly Pelion.”
The stability of local Saudi prices is viewed positively by consumers, though investors remain focused on the global ounce’s movements, which considerably influence domestic market values. Gold continues to be a focal point for both speculation and long-term savings within the kingdom.
Analysts predict a continued upward trend in the short term, contingent on dollar fluctuations and American interest rate decisions. The price of a gold pound in Saudi arabia is currently 3,075.50 riyals,while Ongus in dollars are valued at 3,356.38 dollars.