Amid significant volatility in global markets, gold prices recorded a significant decline during trading today (Friday), continuing the wave of declines that affected the yellow metal in just one session.
Yesterday (Thursday), the price of one ounce of gold ended at $5,377.14. This is equivalent to 648,268 Saudi Riyals per kilogram of gold.
However, today’s price fell and reached $4,696.12 per ounce (equivalent to 564,959 riyals per kilogram).
Therefore, gold recorded a decline of 12.58%, losing approximately $691.02 per ounce in less than a day.
In just one day, a kilogram of gold lost 83,309 riyals in Saudi riyals, reflecting the volatility seen in the precious metals market and highlighting the risks associated with short-term trading given rapid price fluctuations.
Gold prices recorded a significant decline during today’s (Friday) trading, continuing the downward trend that affected the yellow metal in a single trade amid notable volatility in global markets.
Yesterday (Thursday), an ounce of gold closed at $5,377.14. This is equivalent to 648,268 Saudi Riyals, equivalent to the price of one kilogram of gold.
However, today the price has fallen and reached $4,696.12 an ounce (equivalent to R564,959 per kilogram).
Gold thus recorded a decline of 12.58%, losing approximately $691.02 per ounce in just one day.
In Saudi riyals, a kilogram of gold lost 83,309 riyals in just one day, reflecting the volatility of the precious metals market and highlighting the risks associated with short-term trading amid rapid price fluctuations.
