Economy Gold prices in Saudi Arabia today, Friday 21-2-2020

Gold prices in Saudi Arabia today, Friday 21-2-2020

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We publish gold prices in Saudi Arabia today, Friday 21/2-2020, where the price of gold in the Kingdom of Saudi Arabia recorded a slight rise compared to yesterday, where “24-carat” price reached 197.31 Saudi riyals equivalent to 52.61 US dollars, while 21-carat gold prices recorded a price of 180.87 SR 48.22 dollars.

The gold prices in Saudi Arabia were as follows:

24k gold prices

197.31 riyals $ 52.61

The price of 22 carat gold

180.87 riyals $ 48.22

21k gold price

172.65 SAR 46.03 $

18k gold price

147.99 SAR $ 39.46

14k gold price

115.10 riyals $ 30.69

The price of gold 12 carat

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98.66 riyals $ 26.30

Gold ounce prices

6,136 riyals $ 1,636

Prices of gold pounds

1,381 riyals $ 368.26

Kilo gold prices

197,312 riyals $ 52,608

Gold prices today in Saudi Arabia are of interest to those who are about to marry men and women from Saudi Arabia, as are the price of gold today in Saudi Arabia in general, investors in Saudi Arabia, given that gold is linked to the global economy, and at a time when the economy of many countries has deteriorated, gold has remained a safe haven for many In Saudi Arabia or the rest of the Arab countries.

One of the most important reasons that affect the decrease or rise of gold in Saudi Arabia or the world even is the price of the dollar, as the relationship between gold and the dollar is inverse and in a more accurate sense that if the price of the dollar rises globally, this leads directly to a decrease in the price of gold in Saudi Arabia and in the global gold exchange, and vice versa True, if the price of the dollar falls, this leads directly to the increase in the price of gold in Saudi Arabia. Therefore, the dollar situation must be monitored.

Gold is considered an investment alternative in times of political and financial uncertainty. On the trade front, investors are awaiting further developments regarding the one-stage agreement between the two largest economies in the world.

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