Gold Rate In Saudi Arabia Hit SAR 4 More Today

Gold Rate Today
Gold Price Today in Saudi Arabia reach to 166 riyals officially, and 22 carat gold reach 156.99 riyals.

gold rate in saudi arabia today per gram 21 carat 148.395 riyals, and 18 carat gold to 108.81 riyals.

Gold rose on Monday as the dollar weakened and renewed tensions over a trade war after China imposed additional duties on US products in response to US tariffs on aluminum and steel imports.

After spot gold fell over the past three sessions, rose 0.5 percent on Monday to $ 1331.19 an ounce by 0706 GMT.

China imposed additional customs duties of up to 25 percent on 128 US products, including frozen pork, as well as wine, fruit and nuts in response to US tariffs.

The new tariffs will take effect today and are similar to the list of possible tariffs on US goods worth up to $ 3 billion, published by China on March 23.

“The business war is continuing and worsening and may be a reason to sell people the dollar and buy gold,” said Yuchi Ikimizu of ICB Standard Bank in Tokyo.

The dollar index, which tracks the performance of the greenback against six major currencies, fell 0.3 percent to 89.929.

Gold futures in the US rose 0.6 percent to $ 1334.90 an ounce.

Gold lost 1.7 percent last week, its biggest drop since early December, but the metal gained 1.7 percent in the first quarter, gaining for the third consecutive quarter.

For other precious metals, spot silver surged 0.8 percent to $ 16.45. Platinum rose 0.8 percent to $ 935 an ounce after falling to its lowest level since the end of December in the previous session.

Palladium fell 0.1 percent to $ 950.55 an ounce after falling to $ 938.22 on Thursday, its lowest since October 11.

Check Update and live Gold prices in Saudi Arabia today HERE

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