Gold rates in Saudi Arabia continued their upward trajectory on Thursday, July 3, 2025, with the rate of 24-karat gold rising to SAR 4,693 per tola.
According to updated data released by Forex.pk at 10:00 a.m. local time, the price for 10 grams of 24-karat gold reached SAR 4,024, while the rate for one ounce of gold was recorded at SAR 12,527.
This latest increase in prices reflects the ongoing rally in the international bullion market, driven largely by global economic uncertainties and persistent geopolitical tensions. Market analysts attribute the sustained growth in gold value to its traditional role as a safe-haven asset in times of financial turbulence.
Gold has long held dual significance — cherished for its aesthetic and cultural value in jewelry, and respected as a cornerstone of secure investment strategies.
Amidst rising inflation, fluctuating currency values, and market instability, both individual and institutional investors have intensified their focus on gold to safeguard wealth and mitigate risks.
Read more: Saudi Riyal to Pakistani Rupee Rate; July 03, 2025
In recent years, access to gold investments has significantly broadened with the emergence of digital trading platforms, gold-backed ETFs, and mobile financial services, allowing even small-scale investors in the Gulf region to participate in precious metals markets with ease.
The current upward trend in gold prices indicates sustained demand and signals a heightened sense of caution across global markets.
As long as economic and geopolitical pressures remain unresolved, experts predict that the appetite for gold as a dependable financial shield will likely persist.
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