Gold prices in Saudi Arabia October 16

Gold prices in Saudi Arabia today, Friday, October 16, 2026, increased across all categories compared to yesterday's prices. This rise is linked to the decline of the global dollar. The price of 24-karat gold per gram reached approximately 503.4 SAR (134.2 USD), while 21-karat was around 440.5 SAR (117.5 USD), and 22-karat about 461.5 SAR (123.1 USD). Additionally, a 10-gram 24-karat gold bar was priced at 5,175 SAR (1,380 USD), a 50-gram bar at 25,522.6 SAR (6,806.1 USD), and a kilogram at 506,928.6 SAR (135,180.9 USD). Globally, the spot price of gold reached $4,177.82 per ounce, while US futures for December delivery rose to $4,199.10 per ounce. Experts expect gold to face a weekly loss amidst rising expectations of further interest rate hikes by the Federal Reserve.

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