Gold price drops after continuous rise

Riyadh: After continuous rise, a downward trend in gold prices has been recorded in the Saudi gold market.

According to Saudi news agency, the price of gold in the Saudi gold market recorded a fall as the price of 24 karat gold per gram was 230.28 riyals, 22 karat gold was 211.09 riyals, 21 karat gold was sold at 201.50 riyals per gram, while the 18 karat costs 172.71 riyals.

The report told that 21-karat eight-gram guinea costs 1,934.35 Riyals, 22-karat guinea was sold at the rate of 2,026.47 Rials. While a 24-karat guinea was of 2,210.69 Riyals and the price of kilogram of gold was 231,892.25 Riyals.

On the other hand, after rise in the international market, the Sarafa market in different cities of Pakistan witnessed a raise of Rs600 in per tola price after which the price has settles at Rs208400.