The 24-karat gold rates in Saudi Arabia were recorded at 4,450 SAR per tola on Wednesday, May 21, 2025.
As per Forex.pk, 10 grams of 24-karat gold rates in Saudi Arabia is currently valued at SAR 3,896, with an ounce of gold costing 11,869 Saudi Riyal.
Gold prices, including those in Saudi Arabia, continue to be shaped by global market dynamics, with the latest update recorded at 10:00 a.m. on May 21, 2025.
Gold, the yellow metal, has been a symbol of wealth and prosperity for centuries.
Beyond its ornamental value, gold has played a significant role as a safe haven asset, providing a refuge for investors during times of economic uncertainty, geopolitical tensions, and market volatility.
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; May 20, 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) witnessed gains against Pakistani Rupee (PKR) and was recorded at Rs75.14 in the open market on Wednesday, May 21, 2025.
The Saudi Riyal’s selling rate was noted at Rs75.69.
