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Gold slips in Saudi Arabia as prices fall from Friday levels

In Saudi Arabia, gold was quoted at 489.84 SAR per gram on Monday, down from 497.35 SAR per gram on Friday.

Reported · Written up by our desk · Precious Metals

Gold prices fell in Saudi Arabia on Monday, according to data compiled by FXStreet, with the yellow metal quoted at 489.84 Saudi riyals (SAR) per gram.

That compared with 497.35 SAR per gram on Friday. FXStreet also showed gold down to 5,713.50 SAR per tola from 5,801.03 SAR per tola on Friday.

FXStreet calculates local gold prices by adapting international prices, using USD/SAR exchange rates and local measurement units, and it notes the figures are for reference and may diverge slightly from local quotes.

The outlet also highlights that gold is widely viewed as a safe-haven asset, often influenced by the US dollar and interest rates, with its movement typically reflecting how those drivers shift in risk-off or risk-on markets.

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