Saudi gold prices after recent decline

Gold prices in Saudi Arabia experienced a relative increase today, Thursday, October 15, 2026, across all denominations compared to yesterday. Globally, prices rose by over 1% following a decline in the US dollar and expectations of a hike in US interest rates due to rising inflation. This highlights gold's role as a safe haven for investors amid economic volatility. The price per gram of 24-karat gold reached approximately 499.5 SAR (133.2 USD), while 21-karat gold was around 437.1 SAR (116.5 USD). Additionally, the 10-gram 24-karat gold bars were valued at about 5,134.6 SAR (1,369.2 USD). Globally, the gold price increased to 4,146.74 USD per ounce as the dollar weakened, further enhancing its appeal as a safe haven amid financial tensions.

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