Gold prices in Saudi Arabia dropped on Thursday, according to FXStreet data. The price for one gram fell from 487.35 Saudi Riyals (SAR) to 486.75 SAR. The cost per tola also decreased, moving from 5,684.38 SAR to 5,677.44 SAR. Other rates include 4,867.57 SAR for 10 grams and 15,139.56 SAR for a troy ounce.

FXStreet Methodology

FXStreet converts international prices from USD to SAR for daily updates. These figures are reference prices, and local prices might vary slightly. Gold has long been seen as a safe investment and a way to protect wealth. Central banks buy gold in large amounts to support their economies. In 2022, they purchased 1,136 tonnes valued at about $70 billion, setting a record for annual acquisitions. Gold prices usually move in the opposite direction of the US Dollar and US Treasuries. Several factors can affect gold prices, including political instability, interest rates, and the strength of the US Dollar. Since gold is priced in dollars, a strong Dollar tends to keep prices stable, while a weaker Dollar can lead to higher prices.

Market and Economic Trends

Although gold prices dipped today, October 9, 2025, this short-term change is less important than the overall trend. Gold is influenced by the US dollar and expectations regarding interest rates. As an asset that doesn’t earn interest, gold becomes more appealing when we expect rates to fall, which now seems likely. For over a year, the Federal Reserve has kept interest rates steady, similar to the high-rate environment that began in 2023. However, the recent jobs report from September 2025 indicated a gain of only 145,000 jobs, much lower than expected, showing signs of a slowing economy. This data has heightened the chances of the Fed changing its course to cut rates within the next six months. Additionally, we should note the strong demand from central banks, which has increased since their record-breaking purchases in 2022. Recent data from the World Gold Council reveals that emerging economies, particularly China’s People’s Bank, added another 210 tonnes to their reserves in the third quarter of 2025. This ongoing buying supports the market, especially during times of geopolitical uncertainty. For those in the derivatives market, it may be wise to adjust our strategies. Considering long-dated call options could be a good way to prepare for a potential surge in the first half of 2026, driven by falling rates. We should also brace for more volatility as the market reacts to new economic data related to a possible recession. Create your live VT Markets account and start trading now.

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