- 24-karat gold per tola in Saudi Arabia reached 3,809 Saudi Riyals (SAR) on November 25, 2024.
- 10 grams of gold are priced at SAR 3,269, while an ounce is at SAR 10,167.
- Gold prices fluctuate frequently globally, including in Saudi Arabia.
LAHORE: The price of 24-karat gold per tola in Saudi Arabia reached 3,809 Saudi Riyals (SAR) on Monday, November 25, 2024.
According to forex.pk, the rate for 10 grams of 24-karat gold is SAR 3,269, while an ounce of gold is priced at SAR 10,167.
Gold prices fluctuate frequently across global markets, including in Saudi Arabia, and the rates cited reflect updates as of 12:08 am on November 25, 2024.
Gold has held immense value for centuries due to its rarity, durability, and universal appeal. Often regarded as a safe haven asset, it is pivotal in preserving wealth during economic challenges.
Central banks and investors maintain gold reserves as a means to diversify portfolios and hedge against inflation and currency volatility. Its demand in jewellery and luxury goods also fuels significant economic activity across the mining, manufacturing, and retail sectors.
Although the gold standard is no longer in practice, gold continues to influence monetary policy and currency exchange rates. Central banks may leverage their gold reserves to stabilize currencies and promote economic stability.
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