In riyals. The prices of 18, 21 and 24 carats and the golden pound in Saudi Arabia

Gold prices surged in Saudi Arabia in early trading on Friday morning, affected by the global rise in the yellow metal, which supported hopes for an economic recovery.

The price of a gram of 24-karat gold rose early in Friday morning to reach 234.78 riyals ($ 62.60), from 228.35 riyals ($ 60.89) at the close of trading on Thursday.

The price of a gram of 21-karat gold, the Kingdom’s best-selling gold, rose at the start of trading on Friday morning to 205.43 riyals ($ 54.78) from 199.81 riyals ($ 53.28) yesterday.

As for the price of a gram of 18-karat gold in Saudi Arabia, it also rose to 176.09 riyals ($ 46.95), from 171.26 riyals ($ 45.67) at market close on Thursday.

While the price of a gram of 14-karat gold in Saudi Arabia during today’s morning session, Friday, was 136.96 riyals ($ 36.52), compared to 133.20 riyals ($ 35.52 ) yesterday.

The price of a gram of 12 karat gold came to the level of 117.39 riyals (31.30), and the price of a gram of 10 karat gold was recorded at 97.83 ($ 26.09 ).

The price per ounce in Saudi Arabia at the start of Friday morning trading hit 7,297.06 riyals ($ 1,945.69), compared to 7,103.57 riyals ($ 1,894) on Thursday.

And on the price of the golden pound in Saudi Arabia (8 grams of 21 carats), it was recorded at the start of the session today, 1,643.44 riyals (438.21 dollars), against 1,598.46 riyals ( $ 426.26) yesterday.

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Falling gold prices in Saudi Arabia during Thursday trading