Gold prices in Saudi Arabia today, Sunday, October 17, 2021

Gold prices in Saudi Arabia recorded during trading today, Sunday, October 17, 2021, a slight decline compared to yesterday’s prices.

Gold price today in Saudi Arabia

The price of a gram of 24-carat gold fell today, Sunday, in Saudi Arabia, to about 213.04 riyals ($ 56.81).

And the price of a gram of 22 carat gold fell at the beginning of Sunday’s trading, to about 195.29 riyals ($52.08).

And the price of a gram of 21 karat gold (the most traded in the market), in early trading on Sunday in Saudi Arabia, fell to the level of 186.41 riyals ($49.71).

And the price of a gram of 18 karat gold in Saudi Arabia fell on Sunday morning, to about 159.78 riyals ($ 42.61).

As for economic gold transactions this morning in Saudi Arabia, the price of a gram of 14 karat gold fell to the level of 124.27 riyals ($ 33.14).

Gold price per ounce and pound

And the price of an ounce of gold in Saudi Arabia fell at the beginning of trading today, Sunday, to 6,630 riyals (1,768 dollars).

The price of the gold pound also fell in early trading on Sunday in Saudi Arabia, to about 1491.28 riyals (397.67 dollars).

Global gold prices

Gold prices fell last Friday, October 15, 2021 (the closing of trading week) after the rise in US bond yields and an unexpected increase in retail sales in September weakened the attractiveness of the precious metal as a safe haven.

And gold lost 1.5 percent, falling to $ 1768.38 an ounce. US gold futures were down 1.7% at $1,768.30 an ounce.

US retail sales unexpectedly rose last September while boosting stocks, extending losses to gold, which is used to hedge losses.

US 10-year Treasury yields also recovered after falling to their lowest level in more than a week last Thursday, which increases the potential cost of holding gold.

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