Gold prices in Saudi Arabia witnessed a subtle dip today, April 24, 2025, following a period of sharp gains earlier this week. As global market sentiment shifts and investor activity cools down, the price of gold per tola in the Kingdom settled at SAR 4,806, slightly down from the previous day’s high.
The price of 10 grams of 24K gold now stands at SAR 4,125, while the per ounce rate is currently recorded at SAR 12,829.
These fluctuations are largely in line with the international gold trend, reflecting shifting investor behavior, political developments, and economic cues from major global economies.
Gold Prices in Saudi Arabia – April 24, 2025
| Gold Unit | Price in SAR |
|---|---|
| Per Tola (24K) | SAR 4,806 |
| 10 Grams (24K) | SAR 4,125 |
| Per Ounce (24K) | SAR 12,829 |
Note: Prices are updated as of 11:00 AM KSA time and may vary slightly depending on location and retailer margins.
Why Are Gold Prices Dipping Again?
After last week’s record rally, analysts note that gold may be entering a short-term correction phase. Several factors contributed to the recent drop in prices:
-
Improved global market sentiment following progress in U.S.–China trade negotiations.
-
U.S. President Donald Trump’s softened stance on economic tariffs, calming fears in the commodity markets.
-
Profit-taking by investors after gold hit its recent peak.
Despite the drop, gold remains a preferred asset during periods of financial uncertainty, particularly in regions like the Middle East, where investment in physical gold is culturally significant.
Saudi Riyal to Pakistani Rupee Exchange – April 24, 2025
The Saudi Riyal (SAR) showed a slight upward movement in the Pakistani currency market today. According to the Forex Association of Pakistan, here are the updated exchange rates:
| Currency | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Saudi Riyal (SAR) | Rs. 74.90 | Rs. 75.44 |
This rise in the exchange rate could impact remittances and trade transactions between Saudi Arabia and Pakistan, especially as both nations maintain strong economic and labor ties.
Saudi–Pakistan Relations: Oil Agreement Update
As part of broader financial cooperation, Saudi Arabia and Pakistan recently renewed a $1.2 billion deferred oil payment deal, easing import pressures on Pakistan’s foreign reserves. This strategic agreement strengthens bilateral economic ties and helps stabilize local markets amid global fluctuations.
Also Read: Today Gold Price Dips Again in Pakistan – April 24, 2025 | Check Latest Per Tola Rates
Today’s Gold Snapshot in Saudi Arabia – April 24, 2025
-
Gold per tola (24K): SAR 4,806
-
Gold per 10 grams (24K): SAR 4,125
-
Gold per ounce: SAR 12,829
-
SAR to PKR Selling Rate: Rs. 75.44
Gold remains a smart long-term asset, even during daily fluctuations. Whether you’re investing, gifting, or preparing for a major purchase, keep an eye on daily price trends to make the most informed decision.