Gold prices in Saudi Arabia fell on Monday, according to FXStreet data. Gold was priced at SAR 600.09 per gram, down from SAR 606.75 on Friday.
Gold also dropped to SAR 6,999.29 per tola, from SAR 7,077.07 per tola on Friday. Other quoted prices were SAR 6,000.87 for 10 grams and SAR 18,664.83 per troy ounce.
Saudi Gold Price Reference Notes
FXStreet calculates Saudi gold prices by converting global prices into SAR using the USD/SAR exchange rate and local weight units. Prices are updated daily at the time of publication and are for reference only, as local rates may differ slightly.
Gold is used as a store of value and as a way to exchange money. People often buy it during market stress. It is also used to protect against inflation and a weaker currency.
Central banks hold the most gold as part of their reserves. They use it to diversify and reduce risk. In 2022, they added 1,136 tonnes (about $70 billion), the highest yearly total on record. China, India, and Turkey led much of that buying.
Gold often moves in the opposite direction to the US Dollar and US Treasuries. It can also move against risk assets like stocks. Prices can change due to geopolitical events, recession concerns, interest rates, and shifts in the Dollar.
Macro Drivers For Traders
Looking back at last year, we saw small dips, like in early 2025 when gold briefly fell to around SAR 600 per gram. These moves did not last long. For traders today, the bigger issue is the wider economic backdrop, not small day-to-day changes from a year ago.
Interest rates matter most because gold does not pay interest. Inflation has cooled to 2.5% in the latest CPI report. Futures markets are now pricing in a better than 70% chance of a US rate cut by summer. If rates fall, gold can look more attractive than interest-paying assets.
This view also shows up in currency markets, which strongly affect gold. The US Dollar Index (DXY) often moves opposite to gold and has already fallen about 3% since the start of the year. A weaker dollar makes gold cheaper for buyers using other currencies, which can increase demand.
Central bank buying still provides strong support for prices. Following the trend from 2022 and 2023, central banks around the world added more than 1,037 tonnes to their reserves in 2025. This points to an ongoing shift toward gold during periods of geopolitical uncertainty. Steady buying like this can help put a floor under the market.
For derivatives traders, this backdrop may favor strategies that benefit from rising prices. Buying call options can capture upside while keeping risk defined, especially as volatility increases. Another approach is selling cash-secured puts during pullbacks to earn income, with the goal of buying gold at a lower price if the puts are assigned.
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