Today’s Gold Rate in Saudi Arabia – October 16, 2024

• Gold Prices in Saudi Arabia and Pakistan.
• 24-karat gold in Saudi Arabia: 3,718 Saudi Riyals per tola.
• In Pakistan, gold prices have risen to Rs277,200 per tola, an increase of Rs2,200.

On October 16, 2024, the price of 24-karat gold in Saudi Arabia is reported at 3,718 Saudi Riyals (SAR) per tola, according to forex.pk. The cost for 10 grams of 24-karat gold stands at SAR 3,191, while an ounce of gold is priced at SAR 9,925.

It’s important to note that gold prices fluctuate frequently worldwide, including in Saudi Arabia, and the figures may vary as they were last updated on the same day.

In Pakistan, gold prices have reached an unprecedented level, soaring to Rs277,200 per tola, an increase of Rs2,200. This rise follows a brief dip in prices during the previous session. The cost for 10 grams of gold has also risen significantly, now at Rs237,654, up by Rs1,886.

Market analysts attribute the surge in gold prices to decreasing US Treasury yields and expectations surrounding upcoming US economic data. Internationally, gold prices have also climbed, now quoted at $2,675 per ounce, reflecting a $22 increase from the previous day. In contrast, silver prices have remained stable at Rs3,050 per tola.

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