Gold Spot Price (gold/SAR)
SAR 19,254.58
per troy ounce
Gold & Silver
1 oz
SAR 19,254.58
1 gr
SAR 619.05
1 kg
SAR 619,048.70
Prev Close
SAR 19,957.26
Open
SAR 19,254.58
Day High
SAR 19,522.87
Day Low
SAR 19,069.22
1 oz
SAR 312.27
1 gr
SAR 10.04
1 kg
SAR 10,039.77
Prev Close
SAR 335.06
Open
SAR 312.27
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 19,254.58/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SAR 19,254.58 | -SAR 702.67 | -3.52% | |
| 1 Week | SAR 19,598.25 | -SAR 343.67 | -1.75% | |
| 1 Month | SAR 18,565.50 | +SAR 689.08 | +3.71% | |
| 3 Months | SAR 15,911.25 | +SAR 3,343.33 | +21.01% | |
| 6 Months | SAR 13,525.12 | +SAR 5,729.46 | +42.36% | |
| 1 Year | SAR 10,952.25 | +SAR 8,302.33 | +75.80% | |
| Since 2026 | SAR 16,355.81 | +SAR 2,898.77 | +17.72% | |
| Since 2025 | SAR 10,008.75 | +SAR 9,245.83 | +92.38% | |
| Since 2024 | SAR 7,775.25 | +SAR 11,479.33 | +147.64% | |
| Since 2023 | SAR 6,922.87 | +SAR 12,331.71 | +178.13% | |
| Since 2022 | SAR 6,750.37 | +SAR 12,504.21 | +185.24% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SAR 19,254.58 | SAR 19,957.26 | SAR 19,522.87 | SAR 19,069.22 | Today -702.67 (-3.52%) |
Silver (XAG) | SAR 312.27 | SAR 335.06 | SAR 325.57 | SAR 303.98 | Today -22.79 (-6.80%) |