The price of gold in Saudi Arabia rose today, Friday, 10-1-2021, in conjunction with a wave of stability in the prices of the yellow metal globally, supported by the decline of the dollar.
Gold prices in Saudi Arabia today, Friday 10-1-2021
A gram of 24 karat gold in Saudi Arabia amounted to 211.83 riyals ($56.49).
While the price of a gram of 21 karat gold, (the most traded in the Saudi market), was about 185.35 riyals ($49.43).
As for the price of an ounce and a pound of gold in Saudi Arabia, the price of a gram of 18 karat gold reached about 158.88 riyals ($ 42.37).
While the economic gold prices, today, Friday, in Saudi Arabia, the price of a gram of 14 karat gold, reached about 123.57 riyals ($ 32.95).
And the price of an ounce in Saudi Arabia recorded today, Friday 10-1-2021, about 6592.50 riyals ($ 1758). The price of the gold pound also recorded about 1482.84 riyals (395.42 dollars).
It is noteworthy that unemployment rates among Saudis decreased by the end of the second quarter of this year to 11.3%, compared to 11.7% at the end of the first quarter of the same year.
This is the lowest unemployment rate for Saudis since 2010 (that is, it is the lowest in 11 years), and it is also lower than its levels before the outbreak of Corona, which amounted to 11.8% in the first quarter of 2020.
The unemployment rate after the Corona pandemic was 15.4% at the end of the second quarter of 2020, 14.9% at the end of the third quarter, and 12.6% at the end of the fourth quarter of 2020.