Welcome to the latest updates on gold prices in Saudi Arabia! If you’re looking to invest, knowing the 21k gold rates is key. This guide will cover the market conditions, gold measurements, and the Saudi gold market.
Key Takeaways
- The current price of 21K gold per gram in Saudi Arabia is SAR 279.69.
- Today’s gold price change is +0.78 SAR (+0.3%), showing medium market volatility.
- Live updates from the Saudi Gold Souk give you the latest gold rates.
- Learn about different gold weights and measurements, like ounces and kilos.
- Find out what affects gold prices in Saudi Arabia, like global trends and local demand.
Current Gold Price in Saudi Arabia 21k
The current gold price in Saudi Arabia for 21-karat gold is SAR 279.69 per gram. This is a positive change of 0.31% (+SAR 0.78) from yesterday’s price of SAR 278.90.
Today’s Gold Rate Updates
The 21k gold prices in Saudi Arabia have changed a lot today. They went from a high of SAR 280.12 to a low of SAR 278.40. This is a price range of SAR 1.72. The market is currently medium in volatility.
Price Changes and Market Volatility
Recently, the 21-karat gold price in Saudi Arabia has changed a lot:
- Price Change Today: +0.78 (+0.3%)
- Price Change from the Previous Day: -1.27 (-0.5%)
Live Market Updates from Saudi Gold Souk
The latest updates from the Saudi Gold Souk show these 21-karat gold prices for different weights:
| Weight | Price (SAR) |
|---|---|
| 1 Gram | 279.69 |
| 5 Grams | 1,398.44 |
| 10 Grams | 2,796.89 |
| 20 Grams | 5,593.78 |
| 50 Grams | 13,984.44 |
| 100 Grams | 27,968.88 |
| 1000 Grams | 279,688.82 |
Understanding Gold Weights and Measurements
When you buy gold jewelry in Saudi Arabia, you need to know how to measure it. Gold is measured in grams, ounces, kilos, tolas, bahts, grains, and ratis.
Let’s look at 21-karat gold prices in Saudi Arabia. One ounce costs about SAR 8,699.50. One gram is around SAR 279.69. A kilo is SAR 279,694.91, a tola is SAR 3,262.31, and a baht is SAR 4,114.43.
21K gold is 87.5% pure. This means it has more gold than 18K or 14K. You’ll see “21K” or “21ct” on the jewelry. Knowing this helps you choose the right gold jewelry in Saudi Arabia or deal with saudi gold traders.
| Unit | Price (SAR) |
|---|---|
| Ounce | 8,699.50 |
| Gram | 279.69 |
| Kilo | 279,694.91 |
| Tola | 3,262.31 |
| Baht | 4,114.43 |
| Grain | 18.12 |
| Ratti | 50.90 |
The purity and weight of gold affect its value. So, it’s key to know these when buying gold jewelry in Saudi Arabia or dealing with saudi gold traders.
Gold Price in Saudi Arabia 21k Market Analysis
The gold price in Saudi Arabia is very important for investors and buyers. The 21-karat (21k) gold price shows how the global gold market changes. This is due to many economic and world events.
Weekly Price Trends
Last week, the 21k gold price in Saudi Arabia changed a little. It went up by SAR 0.49 (0.18%). This small change shows the Saudi gold market is pretty stable, even when the world’s economy changes.
Historical Price Data
Looking at the past 15 days, we see the 21k gold price in Saudi Arabia changed. The highest price was SAR 279.77 per gram. The lowest was SAR 278.52 per gram. This shows how the market reacts to different things.
Market Influencing Factors
The gold price in Saudi Arabia is affected by many things. These include the exchange rate (1 USD = 3.75 SAR as of 03-Dec-2024), the world’s economy, and local demand. Also, the gold price changes based on its purity. For example, 24K gold costs SAR 319.74, 22K costs SAR 292.88, and 21K costs SAR 279.77 per gram.
By watching these factors, people in Saudi Arabia can make smart choices about their saudi gold investments. They can also understand the changing gold price in saudi arabia 21k better.
Saudi Gold Investment Options and Trading
In Saudi Arabia, you can choose from many saudi gold investment options. The market has a wide range of gold products. You can buy physical gold like jewelry, coins, and bars. Or, you can invest in gold-backed funds and derivatives.
Physical gold comes in different purities like 24-karat, 22-karat, 21-karat, and 18-karat. Prices change based on the global market, local demand, and the economy.
| Gold Purity | Price per 10 Grams |
|---|---|
| 22K Gold | SAR 2,080.00 |
| 21K Gold | SAR 1,985.00 |
| 18K Gold | SAR 1,702.00 |
Gold trading in Saudi Arabia means knowing the bid and ask prices. The prices change all day. Right now, 21K gold’s bid price is SAR 274.18 per gram. The ask price is SAR 293.76 per gram.
Investors should think about the spread percentage and labor costs. This helps ensure they get the best value when buying or selling gold.
Whether you’re into saudi gold investments or checking out saudi gold companies, the Saudi gold market is full of chances. It’s great for investors who want to diversify or make money from gold’s value.
Conclusion
The gold price in Saudi Arabia for 21k gold changes often. This is because of global and local market factors. It’s important to keep up with the live market rates.
Understanding the Saudi gold industry’s weight measurements is key. The market offers chances for both buying and selling gold. Prices change based on purity and weight.
By staying informed, you can make better choices when buying 21k gold in Saudi Arabia. This includes both retail and wholesale transactions.
The Saudi gold industry is big for the country’s economy. Investors and buyers watch the gold rate closely. Whether for jewelry or investment, knowing the market helps.
Understanding the market and trends is crucial. This way, you can get the most from your investment.
In short, the 21k gold market in Saudi Arabia has many chances. Stay informed and explore your options. Work with trusted retailers to find what you want.