Gold Prices Soar to All-Time High in Saudi Arabia – 12 April 2025
Gold prices in Saudi Arabia hit a record high today, 12 April 2025, as economic uncertainties drive investors toward safer assets. According to the latest update, the price of 24-karat gold per tola has reached SAR 4,434, while 10 grams of 24k gold are now being sold at SAR 3,805. The price per ounce stands at SAR 11,836, marking a significant increase from previous weeks.
This surge comes amid global financial jitters, particularly after new trade tensions sparked by tariff announcements from U.S. President Donald Trump. Investors worldwide are moving their money into gold, traditionally considered a safe haven during volatile times.
The sharp jump in gold prices is also linked to currency fluctuations. The Saudi Riyal has slightly depreciated in the Pakistani open market, standing at Rs74.7 with a selling rate of Rs75.1. A weaker Riyal makes gold more expensive for international buyers, further fueling price hikes.
In addition, Saudi Arabia recently signed a major agreement with Pakistan for a $1.2 billion deferred oil payment, which is expected to ease short-term economic pressure. However, global tensions continue to overshadow these efforts, prompting a rush for gold.
Here’s a quick summary of gold prices in Saudi Arabia as of April 12, 2025:
| Gold Type | Price (SAR) |
|---|---|
| 24K Gold (1 Tola) | 4,434 |
| 24K Gold (10 Grams) | 3,805 |
| Gold (Per Ounce) | 11,836 |
As uncertainty continues to dominate global markets, gold remains a go-to investment. Experts suggest monitoring the situation closely, as any further geopolitical tension could push gold prices even higher.
