Saudi Arabia gold prices August 3

Gold prices in Saudi Arabia increased significantly today amid a decline in global oil prices, following U.S. President Donald Trump's decision not to launch an attack on Iran. This decision alleviated concerns about inflation and rising interest rates. The price of 24-karat gold per gram reached approximately 490.5 SAR (130.8 USD), while 21-karat gold was around 429.2 SAR (119.9 USD), and 22-karat gold approximately 449.6 SAR (119.9 USD). Additionally, the price of a 10-gram 24-karat gold bar was about 5,042.4 SAR (1,344.6 USD), a 50-gram bar was roughly 24,868.7 SAR (6,631.7 USD), and a kilogram of gold was nearly 493,940.2 SAR (131,717.4 USD). Globally, the spot gold price rose by 0.7% to $4,067.06 per ounce, as tensions between the United States and Iran eased and concerns over inflation impacting interest rates diminished.

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