The fall in gold prices in the global market also had an impact on the country’s market, with gold prices falling in various Saudi cities on Friday.
According to Saudi media, the price of 24 carat gold per gram in the kingdom last Friday was 211.35 riyals (.3 56.36) while the price of 21 carat gold per gram was 184.93 riyals (.3 49.32).
18 carat gold was sold at 158.51 riyals while 14 carat gold was sold at 123.29 riyals per gram.
The price of an ounce (biscuit) was 6577.50 riyals (17 1754) while the gold pound (jenya) was sold at 1479.46 riyals (39 394.52).