According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,589. Additionally, the price for an ounce of gold is Saudi Riyal 11,165.
It is important to note that gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded at 10:00 am March 14, 2025.
Gold, a highly valued precious metal, has maintained its significance for centuries and plays a vital role in the global economy.
Its value stems from its scarcity, durability, and widespread appeal. Frequently regarded as a safe-haven asset, gold is employed to preserve wealth during times of economic instability.
UK Pound to Pakistani Rupee Rate Today- March 14, 2025
Central banks and investors maintain gold reserves to diversify their investment portfolios and protect against inflation and currency value fluctuations.
The price of gold depends on a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make gold rates escalate due to its safe-haven status.
As a yield-less asset, gold tends to rise with lower interest rates, while the higher cost of money usually weighs down on the yellow metal.
Meanwhile, the exchange rate of the Saudi Riyal (SAR) against the Pakistani Rupee (PKR) remained stable and was recorded at Rs74.52 in the open market on March 14, 2025.
The selling rate of the Saudi Riyal was recorded at Rs74.65.
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