Gold prices stabilized today in Saudi Arabia, on the morning of Sunday, June 26, 2022, in anticipation of the beginning of the week in global markets tomorrow, Monday.
Global markets are a weekly holiday on Saturday and Sunday every week.
Gold price today in Saudi Arabia
The price of a gram of 24 karat gold today in Saudi Arabia is regarding 220.50 riyals ($ 58.76), which is the same as yesterday’s prices at the end of Saturday’s trading, according to the “gold-price-today” platform for monitoring gold prices.
And the price of a gram of 18 karat gold today in Saudi Arabia, in morning trading, remained at 165.38 riyals ($44.07).
As for economic gold prices today in Saudi Arabia, the price of a gram of 14 karat gold scored regarding 128.62 riyals ($ 34.28), and the price of a gram of 12 karat gold recorded regarding 110.25 riyals ($ 29.38).
The price of 21 karat gold today in Saudi Arabia
The price of a gram of 21 karat gold stabilized today in Saudi Arabia (the most traded in the market) in trading on Sunday morning, at 192.94 riyals ($ 51.42).
And the price of an ounce today in Saudi Arabia was 6858 riyals (1827 dollars), and the price of the gold pound today in Saudi Arabia was regarding 1544 riyals ($411.32).
Gold prices today globally
Global financial markets are awaiting the opening of trading tomorrow, Monday, amid mounting concerns over the weekend, that the US economy may enter a recession.
At the conclusion of the first session on Friday, gold prices increased amid the decline of the dollar and the escalation of economic concerns, but the ongoing struggle for the yellow metal with expectations that the Federal Reserve will raise interest rates strongly, kept it on the path of recording the second weekly decline.
And gold rose in immediate transactions 0.2% to $ 1825.50 an ounce at the close of the session on Friday, following earlier touching its lowest level in a week at $ 1820.30 an ounce.
It seems that this week may be important for the commodity and currency markets, especially the dollar, oil and gold, as German Chancellor Olaf Scholz receives today the leaders of the Group of Seven in a three-day summit in the Bavarian Alps overshadowed by the war in Ukraine and its far-reaching consequences from lack of energy to the food crisis. .
The summit is taking place in an atmosphere darker than last year, when the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States met for the first time since the run-up to the COVID-19 pandemic and pledged to build back better.
