Gold Spot Price (gold/SAR)
SAR 19,299.75
per troy ounce
Gold & Silver
1 oz
SAR 19,299.75
1 gr
SAR 620.50
1 kg
SAR 620,500.91
Prev Close
SAR 19,957.26
Open
SAR 19,299.75
Day High
SAR 19,522.87
Day Low
SAR 19,069.22
1 oz
SAR 313.62
1 gr
SAR 10.08
1 kg
SAR 10,083.17
Prev Close
SAR 335.06
Open
SAR 313.62
Day High
SAR 325.57
Day Low
SAR 303.98
Current Situation
Gold prices have plunged below $5,000 per ounce from recent highs near $5,379, with spot gold down over 5% to around $5,030 amid a surging US dollar and rising Treasury yields (Mitrade, CTV News).
Key Drivers
- Strong US Dollar: DXY at a 9-month high of 99.21 makes gold costlier for overseas buyers, outweighing safe-haven demand (Mitrade, KitcoNewsNOW).
- Climbing Treasury Yields: US 10-year yields at 4.05% hurt non-yielding gold as investors favor bonds amid inflation worries (Mitrade, KitcoNewsNOW).
- Middle East Tensions: US-Israel strikes on Iran and Strait of Hormuz risks spurred earlier gains, but dollar strength dominates while oil spikes add inflation pressure (Reuters, Peter Schiff on X).
Short-Term Outlook (1-7 days)
Downward pressure likely persists from dollar and yield strength, with a potential floor near $5,000; watch for any rebound if geo-risks escalate (Heraeus via Kitco).
Long-Term Outlook (1-3 months)
Bullish trend intact despite pullback, with analysts forecasting $5,400-$6,300 by year-end on sustained geo-risks and central bank demand (Goldman Sachs, J.P. Morgan, BNP Paribas).
What to Watch
- Middle East developments, especially Strait of Hormuz oil disruptions.
- Fed rate decisions amid oil-driven inflation.
- Dollar-gold safe-haven battle and central bank buying trends.
Current price: SAR 19,299.75/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SAR 19,299.75 | -SAR 657.51 | -3.29% | |
| 1 Week | SAR 19,598.25 | -SAR 298.50 | -1.52% | |
| 1 Month | SAR 18,565.50 | +SAR 734.25 | +3.95% | |
| 3 Months | SAR 15,911.25 | +SAR 3,388.50 | +21.30% | |
| 6 Months | SAR 13,525.12 | +SAR 5,774.62 | +42.70% | |
| 1 Year | SAR 10,952.25 | +SAR 8,347.50 | +76.22% | |
| Since 2026 | SAR 16,355.81 | +SAR 2,943.94 | +18.00% | |
| Since 2025 | SAR 10,008.75 | +SAR 9,291.00 | +92.83% | |
| Since 2024 | SAR 7,775.25 | +SAR 11,524.50 | +148.22% | |
| Since 2023 | SAR 6,922.87 | +SAR 12,376.87 | +178.78% | |
| Since 2022 | SAR 6,750.37 | +SAR 12,549.37 | +185.91% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SAR 19,299.75 | SAR 19,957.26 | SAR 19,522.87 | SAR 19,069.22 | Today -657.51 (-3.29%) |
Silver (XAG) | SAR 313.62 | SAR 335.06 | SAR 325.57 | SAR 303.98 | Today -21.44 (-6.40%) |