The pure gold charges in Saudi Arabia reached 3,934 Saudi Riyal (SAR) per tola on Monday, February 3, 2025.
Based on particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being offered at SAR 3,376. Moreover, the worth for an oz of gold is SAR 10,501.
It is very important be aware that gold charges are topic to international market fluctuations, together with these particular to Saudi Arabia, with the final replace recorded at 08:46 am February 3, 2025.
Gold, a extremely valued treasured steel, has maintained its significance for hundreds of years and performs an important function within the international financial system.
Its worth stems from its shortage, sturdiness, and widespread enchantment. Often considered a safe-haven asset, gold is employed to protect wealth throughout occasions of financial instability.
Learn extra: Saudi Riyal to Pakistani rupee fee; February 1, 2025
Central banks and buyers keep gold reserves to diversify their funding portfolios and shield in opposition to inflation and foreign money worth fluctuations.
The value of gold will depend on a variety of things. Geopolitical instability or fears of a deep recession can shortly make gold charges escalate as a consequence of its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas larger price of cash normally weighs down on the yellow steel.
In the meantime, the trade fee of the Saudi Riyal (SAR) in opposition to the Pakistani Rupee (PKR) stood at 74.36 within the open market on Monday, February 3, 2025.
The Saudi Riyal promoting fee noticed no change in opposition to the Pakistani Rupee (PKR). As per particulars, the promoting value of the Saudi Riyal was recorded at Rs74.57.