Gold rates Today in Saudi Arabia

The 24-karat gold rates in Saudi Arabia remained stable at 4,493 Saudi Riyal (SAR) per tola on Wednesday, 16 April 2025.

According to Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently being sold at SAR 3,857, while the cost of an ounce of gold is 11,995 Saudi Riyal.

Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 16, 2025.

For centuries, gold has remained a prized precious metal, holding a crucial place in the global economy.

Its worth comes from its rarity, resilience, and universal allure. Often seen as a safe-haven asset, gold is used to safeguard wealth during economic uncertainty.

Investors and central banks hold gold reserves to diversify portfolios and shield against inflation and currency volatility.

Gold’s price is shaped by numerous factors. Geopolitical tensions or concerns about a severe economic downturn can rapidly drive up gold prices due to its safe-haven appeal.

As a non-yielding asset, gold often rises when interest rates fall, while higher borrowing costs tend to pressure the yellow metal downward.

Meanwhile, the Saudi Riyal (SAR) registered a modest rise against the Pakistani Rupee (PKR), reaching Rs74.77 in the open market on Tuesday, April 16, 2025.

The Saudi Riyal’s selling rate was noted at Rs75.32.

Gold rates Today in Saudi Arabia – 16 April 2025