The 24-karat gold rates in Saudi Arabia recorded a major hike and were recorded at 4,675 SAR per tola on Monday, April, 21, 2025.
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 4,013, with an ounce of gold costing 12,481 Saudi Riyal.
Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 21, 2025.
Following Donald Trump’s trade war, the gold rates globally are witnessing fluctuation.
For centuries, gold has remained a prized precious metal, holding a crucial place in the global economy.
Read more: Gold price hits record high on trade war woes
Its worth comes from its rarity, resilience, and universal allure. Often seen as a safe-haven asset, gold is used to safeguard wealth during economic uncertainty.
Investors and central banks hold gold reserves to diversify portfolios and shield against inflation and currency volatility.
Gold’s price is shaped by numerous factors. Geopolitical tensions or concerns about a severe economic downturn can rapidly drive up gold prices due to its safe-haven appeal.
As a non-yielding asset, gold often rises when interest rates fall, while higher borrowing costs tend to pressure the yellow metal downward.
Meanwhile, the Saudi Riyal (SAR) remained unchanged against the Pakistani Rupee (PKR) at Rs74.8 in the open market on Monday, April 21, 2025.
The Saudi Riyal’s selling rate was noted at Rs75.35.
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