SaudiGold Prices August 2 2026

Gold prices in Saudi Arabia experienced a slight decline on Sunday, August 2, 2026, across all denominations compared to the end-of-week prices last week. Meanwhile, global gold prices ended July with their biggest monthly gains since February, supported by weaker-than-expected U.S. inflation data and reduced expectations of a U.S. interest rate hike. The price of 24-karat gold per gram in Saudi Arabia was approximately 487.6 Riyals (130.04 USD), while 21-karat was 426.7 Riyals (113.8 USD), and 22-karat reached 447.0 Riyals (119.2 USD). Additionally, the price of a 10-gram gold bar of 24-karat was around 5,012.9 Riyals (1,336.8 USD), a 50-gram bar was 24,723.5 Riyals (6,592.9 USD), and a one-kilogram bar was 491,056.7 Riyals (130,948.5 USD). Globally, spot gold fell by 1.3% to $4,049.83 per ounce, but the metal maintained monthly gains of 1.1% during July, driven by slowing U.S. inflation and declining oil prices, which led investors to scale back expectations of a rate hike, thereby supporting gold’s performance as a safe-haven asset.

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