RIYADH: The pure gold charges in Saudi Arabia reached 4,019 Saudi Riyal (SAR) per tola on Tuesday, February 11, 2025.
In line with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being offered at SAR 3,450. Moreover, the worth for an oz of gold is SAR 10,730.
It is very important word 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 11, 2025.
Gold, a extremely valued treasured steel, has maintained its significance for hundreds of years and performs a significant 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 charge; February 10, 2025
Central banks and traders preserve gold reserves to diversify their funding portfolios and shield towards inflation and forex worth fluctuations.
The value of gold relies on a variety of things. Geopolitical instability or fears of a deep recession can rapidly 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 increased price of cash often weighs down on the yellow steel.
In the meantime, the trade charge of the Saudi Riyal (SAR) towards the Pakistani Rupee (PKR) elevated by 5 paisas and reached at Rs74.45 within the open market on Tuesday, February 11, 2025.
The promoting charge of the Riyal additionally remained fixed as it’s being offered for Rs74.68 on the second day of the brand new enterprise week.