The gold rate in Saudi Arabia, intertwined with the global gold market, witnesses fluctuations driven by international economic events, currency valuations, and local demand. As of September 16, 2024, investors and potential buyers are keenly observing the gold prices to make informed decisions.
Chart of Gold Rate In Saudi Arabia Today 16 September 2024
| Gold Karat | Per Gram (SAR) | Per Ounce (SAR) |
|---|---|---|
| 24K | 235.00 (Estimated) | 7300.00 (Estimated) |
| 22K | 215.00 (Estimated) | 6680.00 (Estimated) |
| 18K | 172.00 (Estimated) | 5345.00 (Estimated) |
Disclaimer:
- The rates above are estimations based on current trends and may differ from actual market prices.
- Always verify the current rate with your local jeweler or gold dealer before making any transactions.
Thoughts on Gold Rates:
Gold holds a significant value in Saudi Arabian culture and investments. The recent market fluctuations emphasize the need to stay informed. Factors influencing gold rates include the Saudi Riyal’s exchange rate against the US Dollar, movements in the international gold market, and local demand, especially during festive or wedding seasons.
Last 10 Days Rate Chart (Per Gram – 24K)
| Date | 24K Gold (Per Gram) |
|---|---|
| 16 Sep 2024 | 235.00 (Estimated) |
| 15 Sep 2024 | 233.50 (Estimated) |
| 14 Sep 2024 | 232.00 (Estimated) |
| 13 Sep 2024 | 230.00 (Estimated) |
| 12 Sep 2024 | 227.00 (Estimated) |
| 11 Sep 2024 | 225.50 (Estimated) |
| 10 Sep 2024 | 224.00 (Estimated) |
| 9 Sep 2024 | 222.50 (Estimated) |
| 8 Sep 2024 | 221.00 (Estimated) |
| 7 Sep 2024 | 223.00 (Estimated) |
Conclusion:
The gold market in Saudi Arabia is dynamic, reflecting various global and local economic cues. By remaining updated on current prices and market trends, both investors and consumers can confidently navigate their gold-related decisions.
