The post Gold price in Saudi Arabia: Rates on December 8 appeared on BitcoinEthereumNews.com. Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 507.83 Saudi Riyals (SAR) per gram, up compared with the SAR 507.10 it cost on Friday. The price for Gold increased to SAR 5,923.48 per tola from SAR 5,914.72 per tola on friday. Unit measure Gold Price in SAR 1 Gram 507.83 10 Grams 5,078.51 Tola 5,923.48 Troy Ounce 15,795.31 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse… The post Gold price in Saudi Arabia: Rates on December 8 appeared on BitcoinEthereumNews.com. Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet. The price for Gold stood at 507.83 Saudi Riyals (SAR) per gram, up compared with the SAR 507.10 it cost on Friday. The price for Gold increased to SAR 5,923.48 per tola from SAR 5,914.72 per tola on friday. Unit measure Gold Price in SAR 1 Gram 507.83 10 Grams 5,078.51 Tola 5,923.48 Troy Ounce 15,795.31 FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly. Gold FAQs Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government. Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves. Gold has an inverse…

Gold price in Saudi Arabia: Rates on December 8

2025/12/08 13:57

Gold prices rose in Saudi Arabia on Monday, according to data compiled by FXStreet.

The price for Gold stood at 507.83 Saudi Riyals (SAR) per gram, up compared with the SAR 507.10 it cost on Friday.

The price for Gold increased to SAR 5,923.48 per tola from SAR 5,914.72 per tola on friday.

Unit measure

Gold Price in SAR

1 Gram

507.83

10 Grams

5,078.51

Tola

5,923.48

Troy Ounce

15,795.31

FXStreet calculates Gold prices in Saudi Arabia by adapting international prices (USD/SAR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.

(An automation tool was used in creating this post.)

Source: https://www.fxstreet.com/news/saudi-arabia-gold-price-today-gold-rises-according-to-fxstreet-data-202512080508

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

What Time Does Sylvester Stallone’s ‘Tulsa King’ Season 3 Begin? How To Watch

What Time Does Sylvester Stallone’s ‘Tulsa King’ Season 3 Begin? How To Watch

The post What Time Does Sylvester Stallone’s ‘Tulsa King’ Season 3 Begin? How To Watch appeared on BitcoinEthereumNews.com. “Tulsa King” Season 3 partial poster. Paramount+ Tulsa King, Sylvester Stallone’s crime drama created by Taylor Sheridan, returns this weekend with Season 3. What time does the new season begin streaming on Paramount+? Tulsa King kicked off in 2022 and returned with its second season in 2024. Stallone stars in the series as Dwight “The General” Manfredi, a former mob caporegime who, after a 25-year stint in prison, is sent by his New York City crime bosses to Tulsa, Okla., to set up a new criminal enterprise. Forbes‘South Park’ Season 27 Updated Release Schedule: When Do New Episodes Come Out?By Tim Lammers The logline for Tulsa King Season 3 reads, “As Dwight’s empire expands, so do his enemies and the risks to his crew. Now, he faces his most dangerous adversaries in Tulsa yet: the Dunmires, a powerful old-money family that doesn’t play by old-world rules, forcing Dwight to fight for everything he’s built and protect his family.” Tulsa King Season 3 also stars Martin Starr, Jay Will, Annabella Sciorra, Neal McDonough, Robert Patrick, Beau Knapp, Bella Heathcote, Chris Caldovino, McKenna Quigley Harrington, Mike “Cash Flo” Walden, Kevin Pollak, Vincent Piazza, Frank Grillo, Michael Beach, James Russo, Garrett Hedlund and Dana Delany. Tulsa King Season 3 begins with Episode 1, titled Blood and Bourbon, which begins streaming Sunday at 3 a.m. ET/12 a.m. PT on Paramount+. Like the two previous seasons of Tulsa King, Season 3 will consist of 10 episodes. Forbes‘The Fantastic Four: First Steps’ Gets Streaming DateBy Tim Lammers Paramount+ offers two streaming tiers: Paramount+ Essential, which includes ads, costs $7.99 per month and Paramount+ Premium, which is ad-free, costs $12.99 per month. Samuel L. Jackson Guest Stars In ‘Tulsa King’ Season 3 Before Getting His Own Spinoff Series Tulsa King will feature a special guest star in…
Paylaş
BitcoinEthereumNews2025/09/20 20:45