Gold prices in Saudi Arabia ticked up slightly on Tuesday, April 29, 2025, maintaining their upward trajectory in line with global market dynamics.
According to the latest data, the 24-karat gold rate per tola has climbed to SAR 4,671, while 10 grams of gold are now priced at SAR 4,009.
With the international bullion market showing mixed signals, gold in the Kingdom continues to respond to broader financial trends, investor sentiment, and currency fluctuations.
Today’s Gold Price in Saudi Arabia – April 29, 2025
| Gold Unit | Price (SAR) |
|---|---|
| 1 Tola (24K) | SAR 4,671 |
| 10 Grams (24K) | SAR 4,009 |
| 1 Ounce (24K) | SAR 12,436.80 |
Last Updated: 10:00 AM, Saudi local time
These prices are based on international spot rates and adjusted for the USD to SAR exchange rate. Small local variations may occur due to dealer premiums or city-specific demand.
What’s Driving Gold Prices in Saudi Arabia Today?
Gold prices, not only in Saudi Arabia but globally, are influenced by a mix of financial and geopolitical elements. As of today, the market is responding to:
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Persistent global inflation concerns
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Ongoing geopolitical uncertainty
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Currency market fluctuations, especially in USD and SAR
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Shifts in central bank interest rate policies
Gold remains a safe-haven asset, widely chosen by investors during times of volatility. Its reputation for retaining value even during economic downturns adds to its consistent demand.
Why Gold Still Matters for Investors
Gold isn’t just a luxury—it’s a strategic asset. Historically, it has been a store of wealth for civilizations, central banks, and modern investors. Here’s why it continues to be crucial:
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Protection Against Inflation: Gold typically rises as fiat currencies lose value.
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Currency Hedge: As the U.S. dollar or local currencies fluctuate, gold offers balance.
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Crisis Asset: During war, economic slowdowns, or market crashes, gold tends to perform well.
In Saudi Arabia, both retail buyers and institutional investors keep a close eye on daily price movements to time their purchases wisely.
Also Read: Gold Price Drops Again in Pakistan – April 29, 2025
Saudi Riyal vs Pakistani Rupee – April 29, 2025
| Currency | Buying (PKR) | Selling (PKR) |
|---|---|---|
| Saudi Riyal (SAR) | Rs74.92 | Rs75.46 |
A stable Saudi Riyal adds predictability to gold prices in the Kingdom, especially for expatriates sending money or buying jewelry for family back home.
Summary – Gold Rate in Saudi Arabia Today
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24K Gold per Tola: SAR 4,671
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10 Grams of Gold: SAR 4,009
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1 Ounce Gold: SAR 12,436.80
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SAR to PKR Exchange Rate: Rs74.92 (buying), Rs75.46 (selling)
Final Word
Today’s minor gain in gold prices suggests a steady sentiment in the global market. Whether you’re buying gold for personal use, investment, or savings, it’s crucial to stay updated with daily rates and time your decisions wisely.
Keep checking daily gold trends and always buy from certified jewelers or registered bullion dealers to ensure purity and fair pricing.