RIYADH – Gold prices in Saudi โArabia are โคsurging, with the golden ounce reaching 12,580.50 riyals, fueled by global market trends and expectationsโ of shifting US monetary policy. โคInvestors and citizens are โclosely watching the market,as prices have climbed nearly โข40% 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, โขdriving up prices both internationally and within โคthe Saudi market. Current pricing sees 18 carat gold at 329.75 riyals, 14 carat at 236.00 riyals, and 12 โcaliberโข at 202.25 riyals. Globally, the gold ounce saw a 1.6% increase in theโค past week, hitting a historic high of 3,674 dollars before closing at 3,643 dollars, according to analysis from “jellyโฃ Pelion.”
The stability of local Saudi prices is โviewed positively by consumers, though investors remain focused โฃon the global ounce’s movements, which considerably influence domestic market values. Gold continuesโข to โคbe a focal point for both speculation โขand long-term savings within the โkingdom.
Analysts predict a continuedโ 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 โcurrently 3,075.50 riyals,while Ongus in dollars are valued at 3,356.38 dollars.