Gold prices in Saudi Arabia on Thursday, March 18, 2021

Gold prices in Saudi Arabia, Thursday, March 18, 2021, rose slightly, despite the return of the precious metal globally.

Saudi GDP in the fourth quarter of 2020 grew by 2.5% compared to the third quarter of the same year.

The Saudi Statistics Authority attributed this to the growth of the oil sector by 2.6% and the non-oil sector by 2.4%.

The price of 24-carat gold in the Kingdom rose to 210.63 riyals ($56.17).

The price of 21-carat gold (the most traded in the Kingdom) also climbed to 184.30 riyals ($49.15).

The price of 18 per gram of gold increased to 157.97 ($42.13).

Economic Gold
The price of 14-carat gold was 122.87 riyals ($32.76).

Ounces and pounds gold
The price of an ounce in Saudi Arabia was about 6,555 riyals ($1,748).

The price of the pound gold (8 grams of 21 caliber) was about 1474.40 riyals ($393.17).

Gold falls globally
Gold prices fell, on Wednesday, influenced by increased U.S. bond yields and the rise of the dollar, but remained within a limited range, before the announcement of the outcome of the meeting of the Policy Committee of the Federal Reserve.

Gold fell 0.1% on the spot market to $1,728.52 an ounce by 1354 GMT. In U.S. futures, the metal fell 0.1% to $1,728.90.