Today Gold Rate Forecast in Saudi Arabia December, 2024-2025
The price of 24-karat gold in Saudi Arabia is 3,641 Saudi Riyals (SAR) per tola as of Monday, December 23, 2024.
According to Forex.pk, the cost of 10 grams of 24-karat gold in Saudi Arabia is SAR 3,124, while the price for an ounce of gold is SAR 9,718.
Central Banks
It is important to note that gold prices are affected by global market trends, including those within Saudi Arabia. The mentioned rates were last updated at 9:49 am on December 23, 2024.
This change corresponds to current patterns in the global gold market, driven by elements such as economic factors, geopolitical events, and variations in investor behavior.
Global Gold Market
Gold, regarded as one of the most prized precious metals, has been valued for centuries and plays a crucial role in the global economy. Its value stems from its scarcity, durability, and widespread appeal. Frequently considered a safe-haven asset, gold is often used to preserve wealth during times of economic instability.
Central banks and investors maintain gold reserves to diversify their portfolios and protect against inflation and currency fluctuations.
Gold’s inherent allure and limited availability make it a sought-after material for crafting jewellery and luxury items. The demand for gold jewellery drives economic activity in sectors such as mining, manufacturing, and retail.
U.S. Federal Reserve’s indication
Gold prices rose in the international market on Thursday, recovering from a one-month low. This rebound followed the U.S. Federal Reserve’s indication of a potential gradual easing of monetary policy next year, as investors anticipated further data to assess the state of the economy.
Readmore Bitcoin Back Above Today Price Movements Cryptocurrency 2024
The price of 24-carat gold has shown a fluctuation of 1.42% over the past week and 3.7% over the last month.
In India, the current price of silver stands at ₹94,500 per kilogram, marking a decrease of ₹100 per kilogram.
Gold Rates in Major South Indian Cities
Gold Rate in Chennai
The gold price in Chennai today is ₹77,461 per 10 grams. Yesterday, on December 22, 2024, the rate was ₹76,811 per 10 grams, while a week ago, on December 17, 2024, it was ₹77,901 per 10 grams.
Gold Rate in Bangalore
In Bangalore, the gold rate today is ₹77,455 per 10 grams. The price yesterday, December 22, 2024, was ₹76,805 per 10 grams, compared to ₹77,895 per 10 grams last week on December 17, 2024.
SAR to PKR Rate – 23 December 2024
| Date | Latest Exchange Rate | Change |
|---|---|---|
| December 23, 2024 | Rs. 74.07 | 0 |
| December 21, 2024 | Rs. 74.07 |
As of December 23, 2024, the gold rates in Hyderabad, Visakhapatnam, and Vijayawada are as follows:
Gold Rate in Hyderabad
Today: ₹77,469 per 10 grams
Yesterday (December 22, 2024): ₹76,819 per 10 grams
Last Week (December 17, 2024): ₹77,909 per 10 grams
Gold Rate in Visakhapatnam
Today: ₹77,477 per 10 grams
Yesterday (December 22, 2024): ₹76,827 per 10 grams
Last Week (December 17, 2024): ₹77,917 per 10 grams
Gold Rate in Vijayawada
Today: ₹77,475 per 10 grams
Yesterday (December 22, 2024): ₹76,825 per 10 grams
Last Week (December 17, 2024): ₹77,915 per 10 grams
These rates are subject to change based on market conditions. For the most current information, it’s advisable to consult local sources or financial news outlets.
FAQ
Current Exchange Rate: 500 Saudi Riyal to Pakistani Rupees
As of December 23, the exchange rate for Saudi Riyal (SAR) is Rs74.07 in the open market. Therefore, 500 SAR is equivalent to Rs37,035 in Pakistani Rupees (PKR).
What is the Value of 1000 Saudi Riyal in Pakistani Rupees Today?
On December 23, the exchange rate for one Saudi Riyal stands at Rs74.07 in the open market. This means that 1,000 SAR equals Rs74,070 in Pakistani Rupees.
What is the Current Open Market Rate of SAR in Pakistan?
In Pakistan’s open market, one Saudi Riyal is currently valued at Rs74.07.
How Can You Convert Riyals to Pakistani Rupees?
Individuals holding Saudi Riyals and traveling to Pakistan can exchange their currency at banks or authorized exchange companies to convert SAR into PKR.
