Gold Price Drops December 2, 2024
The price of 10 grams of 24 karat gold also went down by Rs.1,457 to Rs.235,340 from Rs. 236,797 whereas that of 10 grams 22 karat gold decreased to Rs.215,728 from Rs. 217,064.
The price of per tola and ten-gram silver remained constant at Rs.3,400 and Rs.2,914.95, respectively.
The price of gold in the international market decreased by $17 to $2,633 from $2,650, the Association reported.
In Saudi Arabia, the rate of per tola price 24-karat gold on December 2 dropped to 3,723 Saudi Riyal (SAR).
Gold rates in Saudi Arabia today – 2 December 2024
According to forex. pk, the 10 grams of 24-k gold is being sold for SAR 3,195 in the kingdom while the per ounce gold price stands at SAR 9,938.
Note: The gold price across the world, including Saudi Arabia, changes constantly and there will be some differences in this post as the prices were updated at 10:42 am on December 2, 2024.
On November 30, the price of 24-karat gold per tola in Saudi Arabia experienced a surge on Saturday, November 30, settling at 3,740 Saudi Riyals (SAR).
Additionally, according to forex .pk, the price for 10 grams of 24-karat gold was recorded at SAR 3,209 while the price per ounce of gold was set at SAR 9,983.
Gold, a timeless asset shaping economies
Gold, a precious metal prized for centuries, continues to play a significant role in the global economy. Its value lies in its rarity, durability, and universal appeal. Gold is often seen as a haven asset, preserving wealth during economic uncertainties.
Central banks and investors hold gold reserves to diversify portfolios and hedge against inflation and currency fluctuations.
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