Saudi Arabia Gold Prices August 23

Gold prices in Saudi Arabia on Sunday, August 23, 2026, experienced a significant increase across all denominations compared to the previous week's prices, coinciding with the third consecutive week of rising gold prices globally. This trend is attributed to the weakness of the dollar and the decline in U.S. Treasury yields, alongside investors and individuals turning to gold as a safe haven amid global economic fluctuations. The price of 24-carat gold per gram reached approximately 555.1 SAR ($148.02), while 21-carat gold was about 485.68 SAR ($129.5), and 22-carat gold around 508.81 SAR ($135.7). Gold bullion prices also rose, with a 10-gram 24-carat bar priced at approximately 5,706.1 SAR ($1,521.6), and a one-kilogram bar around 558,950.2 SAR ($149,053.4). Internationally, the gold price climbed to its highest level in over three months, recording $4,623.94 per ounce, supported by the continued decline of the dollar, which boosted the appeal of the precious metal, successfully surpassing the 200-day moving average technically, indicating potential for further gains if momentum persists.

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