Gold prices in Saudi Arabia saw a slight decrease during trading on Thursday, November 26, 2025, continuing the fluctuating trend that has characterized the performance of the precious metal in global markets. This movement comes amidst a state of anticipation among both investors and consumers, who are closely monitoring price trends to make their purchasing or investment decisions.
Gold prices today in Saudi Arabia for different karats
The price of a gram of 21-karat gold, the most popular and traded type in the Saudi market, saw a slight decrease to 439 Saudi riyals, compared to yesterday's closing price of 439.5 riyals. The prices of other karats are detailed below:
- The price of a gram of 24-karat gold reached 501.5 riyals, a decrease from 502.25 riyals.
- The price of a gram of 22-karat gold has decreased to 459.75 riyals, compared to 460.5 riyals yesterday.
- The price of a gram of 18-karat gold: recorded 376.25 riyals, compared to 376.75 riyals at the previous close.
- The price of an ounce of gold: settled at 15602.25 riyals.
- The price of a gold pound: It reached 3511.25 riyals.
General context and the impact of global factors
Historically, gold has been considered a safe haven for investors worldwide, especially during times of economic uncertainty and geopolitical tensions. Its price is directly affected by a complex set of global factors, most notably the performance of the US dollar and the policies of major central banks, particularly the US Federal Reserve. There is generally an inverse relationship between the strength of the dollar and the price of gold; a stronger dollar makes gold more expensive for holders of other currencies, thus reducing demand. Furthermore, interest rate hikes increase the appeal of bonds and other income-generating assets at the expense of gold, which does not offer periodic interest payments, putting downward pressure on its price.
The importance of the local gold market and its expected impact
Domestically, gold holds significant cultural and economic importance in Saudi Arabia. It is not merely an investment commodity, but an integral part of social traditions, given as a gift on occasions such as weddings and considered a fundamental component of family savings. The stability or slight decrease in gold prices, as seen today, can encourage consumer purchases, positively impacting the retail market for gold jewelry. For investors, these minor fluctuations present an opportunity for observation and analysis before committing to long-term investments, particularly in light of Saudi Vision 2030's focus on economic diversification and strengthening the mining sector, which includes the extraction of precious metals and the development of related industries.
