RIYADH: The pure gold charges in Saudi Arabia remained regular at 4,077 Saudi Riyal (SAR) per tola on Friday, February 14, 2025.
In keeping with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being offered at SAR 3,499. Moreover, the worth for an oz of gold is SAR 10,885.
It is very important observe that gold charges are topic to world market fluctuations, together with these particular to Saudi Arabia, with the final replace recorded at 08:55 am February 14, 2025.
Gold, a extremely valued treasured metallic, has maintained its significance for hundreds of years and performs an important position within the world economic system.
Its worth stems from its shortage, sturdiness, and widespread enchantment. Regularly considered a safe-haven asset, gold is employed to protect wealth throughout occasions of financial instability.
Learn extra: Saudi Riyal to Pakistani rupee price; February 14, 2025
Central banks and buyers preserve gold reserves to diversify their funding portfolios and defend in opposition to inflation and forex worth fluctuations.
The worth of gold is determined by a variety of things. Geopolitical instability or fears of a deep recession can shortly make gold charges escalate attributable to its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas larger value of cash normally weighs down on the yellow metallic.
In the meantime, the alternate price of the Saudi Riyal (SAR) in opposition to the Pakistani Rupee (PKR) remained unchanged at Rs74.36 within the open market on Friday, February 14, 2025.
The promoting price of the Riyal additionally remained fixed as it’s being offered for Rs74.75 on the final day of the continued enterprise week.