The 24-karat gold rates in Saudi Arabia witnessed a massive rise and stood at 4,287 Saudi Riyal (SAR) per tola on Friday, March 28, 2025, as compared to yesterday’s rate of 4,237 SAR.
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,680. Additionally, the price for an ounce of gold is 11,445 in Saudi Riyal.
Gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded at 10:00 am March 28, 2025.
Gold, a highly valued precious metal, has maintained its significance for centuries and plays a vital role in the global economy.
Its value stems from its scarcity, durability, and widespread appeal. Frequently regarded as a safe-haven asset, gold is employed to preserve wealth during times of economic instability.
Read more: Saudi Riyal to Pakistani rupee rate; March 28, 2025
Central banks and investors maintain gold reserves to diversify their investment portfolios and protect against inflation and currency value fluctuations.
The price of gold depends on a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make gold rates escalate due to its safe-haven status.
As a yield-less asset, gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal.
Saudi Riyal (SAR) remained stable against the Pakistani Rupee (PKR) at Rs74.7 in the open market on Friday, March 28, 2025.
The selling rate of the Saudi Riyal was recorded at Rs74.25.
 per tola on Friday, March 28, 2025.){kind=link}