RIYADH: The pure gold charges in Saudi Arabia was recorded at 4,093 Saudi Riyal (SAR) per tola on Friday, February 28, 2025.
In keeping with particulars from Foreign exchange.pk, 10 grams of pure gold in Saudi Arabia is being bought at SAR 3,513. Moreover, the worth for an oz of gold is SAR 10,926.
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 09:00 am February 28, 2025.
Gold, a extremely valued treasured steel, has maintained its significance for hundreds of years and performs an important function within the world economic system.
Its worth stems from its shortage, sturdiness, and widespread enchantment. Often thought to be a safe-haven asset, gold is employed to protect wealth throughout instances of financial instability.
Learn extra: Saudi Riyal to Pakistani rupee fee; February 27, 2025
Central banks and buyers preserve gold reserves to diversify their funding portfolios and defend towards inflation and foreign money worth fluctuations.
The value of gold depends upon a variety of things. Geopolitical instability or fears of a deep recession can rapidly make gold charges escalate because of its safe-haven standing.
As a yield-less asset, gold tends to rise with decrease rates of interest, whereas larger value of cash often weighs down on the yellow steel.
In the meantime, the trade fee of the Saudi Riyal (SAR) towards the Pakistani Rupee (PKR) was recorded at Rs74.52 within the open market on Friday, February 28, 2025.
The promoting fee of the Riyal dropped as it’s being bought for Rs74.65.