• 24-karat gold per tola in Saudi Arabia rose to 3,800 Saudi Riyals (SAR).
• 10 grams of gold were priced at SAR 3,262, while an ounce was at SAR 10,145.
• Gold market fluctuations globally necessitate staying updated on the latest figures.

LAHORE: On Saturday, November 23, the rate of 24-karat gold per tola in Saudi Arabia climbed to 3,800 Saudi Riyals (SAR).

According to forex.pk, the price for 10 grams of 24-karat gold was recorded at SAR 3,262, while the price per ounce reached SAR 10,145.

Gold prices are subject to global fluctuations, and the rates reported here reflect updates as of 10:26 AM on November 23, 2024.

Gold, revered for its rarity and enduring value, continues to hold a pivotal role in the global economy. Known as a “safe haven” asset, it offers stability during periods of economic uncertainty.

Central banks and investors often rely on gold reserves to diversify portfolios, hedge against inflation, and protect against currency volatility. Gold’s intrinsic beauty and limited supply also sustain its demand in the jewellery and luxury goods markets, driving economic activity across mining, manufacturing, and retail industries.

Though the gold standard is no longer in use, the metal remains a key player in monetary policy and currency exchange. Central banks leverage gold reserves to bolster currencies and maintain economic stability.

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