The 24-karat gold rate in Saudi Arabia recorded a rise and were recorded at 4,822 SAR per tola on Monday, 16 June, 2025.
According to Forex.pk, the current value of 10 grams of 24-karat gold is SAR 4,139, while an ounce of gold is valued at 12,873 Saudi Riyals.
The uptick in gold rates reflects ongoing trends in the global commodities market, with the latest pricing update reported at 10:00 a.m. local time.
Gold has long held a reputation as a symbol of wealth and a store of value. Beyond its traditional use in jewelry, the precious metal is widely regarded as a financial safe haven during times of economic uncertainty and geopolitical unrest.
In recent years, gold’s safe-haven status has been reaffirmed, as investors seek shelter from the storms of global economic and political instability.
Read more: Saudi Riyal to Pakistani Rupee Rate; June 16, 2025
Gold’s appeal as a safe-haven asset is not limited to institutional investors.
Individual investors, seeking to protect their wealth from market volatility and economic uncertainty, have also turned to gold.
The rise of online trading platforms and gold exchange-traded funds (ETFs) has made it easier for individuals to invest in gold, further boosting demand.
Meanwhile, the Saudi Riyal (SAR) maintained its position against the Pakistani Rupee (PKR) in the open market on Monday, June 16, 2025, with the buying rate rising to Rs75.37.
