When will the gold price drop in Saudi Arabia?There is no doubt that gold prices are affected by a group of economic factors, which affect through the rise or fall in the price of gold all over the world, and as it was known that the Kingdom of Saudi Arabia during the previous period is witnessing a turmoil in the price of gold to rise suddenly Hence the decline, and we find many people interested in knowing the details of when the price of gold in Saudi Arabia will decrease.

When will the gold price drop in Saudi Arabia?

There are many questions that are presented within when the price of gold will decrease in Saudi Arabia, after the Kingdom of Saudi Arabia has gone through a number of factors that have greatly affected the economy, and among the most important factors that affect the decrease in the price of gold are as follows:

• It is known that the decrease in the demand by people for gold within the treasury of investment funds that is traded leads to a decrease in the price of gold in the Kingdom of Saudi Arabia.
• In addition, it was known that the rise in Aramco shares as well as the rise in the price of oil within the OPEC organization led to a decrease in the price of gold in the Kingdom of Saudi Arabia, and market stability occurred.
• It is known that the rise in the shares of the American Stock Exchange leads to a decrease in the demand for gold for investment, and thus the price of gold decreases within the Kingdom of Saudi Arabia.
• In addition, it was known that the inverse relationship that exists between gold and real estate is what contributes to the decline in the price of gold within the Kingdom of Saudi Arabia, and that is with the increase in demand for real estate investment.

See also: When to distribute the profits of Al Madina Cement with the mechanism of dividend distribution

When will the gold price drop in the world?

It is possible that gold may be exposed to a decline in the Kingdom of Saudi Arabia in particular and in the entire world in general, and it is known that asking when the price of gold will decrease in the world is one of the most important questions that are presented during the past period, and the answer to it is as follows:

• It was known that the Covid-19 pandemic led to a major change in the concept of global investment.
• After many investors in gold, they made the investment process inside each of the laboratories and research centers that produce the Corona vaccine.
• It was announced by the US Federal Reserve Bank that it will raise interest rates within the amount of two times during the next year 2023 AD, in order to increase the strength of the dollar currency, and thus lead to a decrease in the price of gold globally.

See also: When is the dividend distribution of Al-Rajhi shares, its advantages, and the method of buying and selling shares

The gold price for used gold today in Saudi Arabia

After we were able to get acquainted with the details of when the price of gold decreases, we will display a set of information that was known as an essential part of the selling price of used gold today in Saudi Arabia, and these prices are represented in the following:

• The competent authorities were able to determine the selling price of 18 karat gold used today in Saudi Arabia, at a value of 157.31 Saudi riyals.
• Likewise, the competent authorities were able to determine the selling price of gold used today in Saudi Arabia, 21 karat, at a value of 184.36 Saudi riyals.
• The competent authorities were able to determine the selling price of gold used today in Saudi Arabia, 22 karat, at a value of 193.38 Saudi riyals.
• Likewise, the competent authorities were able to determine the selling price of gold used today in Saudi Arabia, 24 karat, at a value of 211.42 Saudi riyals.

Watch also: When does the Saudi stock market open and when it closes, with all the dates

The price of gold today in Saudi Arabia is buying and selling 21 karat

It is known that 21 karat gold is the most popular karat that is in high demand in buying, and by recognizing when the price of gold decreases, we will display the price of gold today in Saudi Arabia, buying and selling 21 karat, which is represented in the following items:

• Work has been done to determine the selling price of 21 karat gold today in Saudi Arabia, with a value of 184.36 Saudi riyals.
• Also, work has been done to determine the purchase price of 21 karat gold today in Saudi Arabia, at a value of 189.96 Saudi riyals.

Gold bar price in saudi arabia

Work has been done to determine a special price for gold bullion in the Kingdom of Saudi Arabia, and by identifying when the price of gold decreases, we will be able to know all the details related to the price of gold bullion in Saudi Arabia, which are as follows:

clause	caliber	The price is in Saudi riyals
gold ingot	5 oz	33,656.25
Well, gold ingot	10 oz	67,312.50
gold ingot	24 oz	6731.25

See also: When can Banque Misr certificates be retrieved?

The price of an ounce of gold in Saudi Arabia

An ounce of gold is a form of gold that can be acquired by different people, and as we know that gold is one of the precious jewels that relate to when the price of gold decreases, as the price of an ounce of gold in Saudi Arabia is as follows:

• It was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 6 karat, with an estimated value of 1,688.96 Saudi riyals.
• Moreover, it was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 10 karat, with an estimated value of 2,817.18 Saudi riyals.
• It was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 14 karat, with an estimated value of 3,948.55 Saudi riyals.
• Moreover, it was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 18 karat, with an estimated value of 5,062.24 Saudi riyals.
• It was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 21 karat, with an estimated value of 5,905.95 Saudi riyals.
• Moreover, it was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 22 carat, with an estimated value of 6,196.19 Saudi riyals.
• It was known that the price of an ounce of gold in the Kingdom of Saudi Arabia is within 24 karat, with an estimated value of 6,749.66 Saudi riyals.

Gold price in saudi arabia

We find some people who are interested in storing their gold by buying a kilo of gold, and they are the ones who are known to be among the wealthy, and after we were able to identify when the price of gold decreases, we will display the price of a kilo of gold in Saudi Arabia as follows:

• The competent authorities have determined that the price of a kilo of gold inside Saudi Arabia, especially in 6 karat, is about 54,229.03 Saudi riyals.
• Likewise, the competent authorities determined that the price of a kilo of gold inside Saudi Arabia, especially in 10 karat, is about 90,454.03 Saudi riyals.
• The competent authorities have determined that the price of a kilo of gold inside Saudi Arabia, especially in 14 karat, is about 126,895.94 Saudi riyals.
• Likewise, the competent authorities determined that the price of a kilo of gold inside Saudi Arabia, especially in 18 karat, is about 162,687.10 Saudi riyals.
• The competent authorities have determined that the price of a kilo of gold inside Saudi Arabia, especially in 22 carat, is about 199,129.01 Saudi riyals.
• Likewise, the competent authorities determined that the price of a kilo of gold inside Saudi Arabia, especially in 24 karat, is about 216,916.13 Saudi riyals.

When does the price of gold decrease in Saudi Arabia? In this article, we have presented all the information and details related to when the price of gold decreases, which are related to a number of factors that significantly affect the price, and we got acquainted with the gold prices in detail.