ISLAMABAD: The rate of 24 karat per tola gold witnessed a decrease of Rs.1,800 on Friday (09 May 2025) and was sold at Rs.350,900 against its sale at Rs.352,700 on the previous trading day, All Pakistan Sarafa Gems and Jewelers Association reported.
The rates of 10 grams of 24 karat also decreased by Rs.1,543 to Rs.300,840 from Rs.302,383 whereas the price of 10 grams of 22 Karat decreased by Rs.1,414 to Rs.275,780 from Rs.277,194.
The rates of per tola silver and ten gram silver remained unchanged at Rs.3,417 and Rs.2,929 respectively.
The price of gold in the international market also decreased by $18 to $3,325 from $3,343 whereas that of silver remained stagnant at $32.35, the Association reported.
Experts attribute this price reduction to fluctuations in the global market, impacting domestic rates accordingly.
Read More: Gold rates Today in Saudi Arabia – 08 May 2025
The fluctuation of gold rates today continues in the international market, due to which the 24-karat gold rates in Saudi Arabia were recorded at 4,756 per tola on Thursday, May 08, 2025
The per tola gold rate on Monday was 4,552 SAR.
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia valued at SAR 4,082, with an ounce of gold costing 12,697 Saudi Riyal.
The latest market update was recorded at 10:00 a.m. local time.
Gold rates in Saudi Arabia, like elsewhere, are heavily influenced by global market conditions. The yellow metal continues to be viewed as a safe-haven asset, offering financial security during periods of geopolitical instability and economic uncertainty.
Valued for its rarity, resilience, and universal appeal, gold remains a key component of investment strategies for both individual investors and central banks.
