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Gold prices in Saudi Arabia decline on Thursday, July 16, 2026

Gold prices in Saudi Arabia decline on Thursday, July 16, 2026

Gold prices in Saudi Arabia today, Thursday, July 16, 2026, experienced a decline across all denominations compared to yesterday's prices. The price of 24-karat gold per gram reached approximately 485.6 SAR (129.5 USD), while 21-karat gold was at 424.9 SAR (113.3 USD), and 22-karat gold at 445.2 SAR (118.7 USD). Gold bullion prices ranged between 4,992.1 SAR (1,331.2 USD) for 10 grams and 489,015.8 SAR (130,404.2 USD) for one kilogram. Globally, gold prices dropped by 0.6% to $4,034.42 per ounce, amid concerns over escalating conflicts in the Middle East and rising oil prices, which threaten ongoing inflation and higher interest rates. Gold remains regarded as a safe haven for investors amidst economic volatility.

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