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It has been affected by the worldwide decline of the precious metal.
Gold prices fell in the Saudi Arabian market, with trading starting early Tuesday, affected by falling precious metal prices around the world.
The price of a gram of 24 karat gold was around 209.18 riyals ($ 55.78), while the price of a gram of 21 karat gold (the most traded in the Kingdom) was recorded at 183.03 riyals ($ 48.81).
The price of a gram of 18 karat gold fell to 156.89 riyals ($ 41.84), while the price of a gram of 14 karat gold was recorded at around 122.02 riyals (32, $ 54).
The price of an ounce of gold fell in the Saudi market today, Tuesday, to 6,510 riyals ($ 1,736), and the price of the gold pound (8 grams of 21 carats) in Saudi Arabia fell. at around 1,464.27 riyals ($ 390.47). ).
international markets
Gold prices plunged on Monday as investors favor alternative safe-haven assets like the dollar, US Treasuries and rising stocks on Wall Street.
Gold fell 0.28% in the spot market to $ 1,739.60 an ounce at the close of Monday’s session, after falling 1% earlier in the session.
US gold futures fell 0.2% to $ 1,738.10 an ounce.
It comes as investors turn to the dollar and government bonds, amid panic over Turkish President Recep Tayyip Erdogan’s decision to appoint a new central bank governor known for his criticism of interest rates. high.
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