Today, Monday, October 26, 2026, gold prices in the Kingdom of Saudi Arabia witnessed a slight increase with the opening of trading on the global stock exchange, as an ounce in spot transactions recorded $4,007, so that prices began the week’s trading with a slight increase compared to yesterday, Sunday, but they are still significantly low compared to the levels of the beginning of last week. The announced local prices do not include the value of workmanship, taxes, and fees added to the final price to the consumer.
A gram of 24-karat gold amounted to about 483.1 riyals, compared to 481.9 riyals yesterday, Sunday, while 22-karat gold amounted to about 442.9 riyals, compared to 441.7 riyals. The price of a gram of 21-carat gold, the most traded in Saudi markets, reached 422.7 riyals, compared to 421.7 riyals, while 18-carat gold designated for gold jewelry recorded about 362.3 riyals, compared to 361.4 riyals in yesterday’s transactions.
At the global level, the ounce opened the week’s spot trading at $4,007, recording an increase of about 0.2% compared to last Friday’s close near the $4,000 level, after a sharp decline witnessed by the precious metal during the past week. These levels came compared to $4,177 recorded by an ounce at the beginning of trading last Monday, achieving a weekly loss of approximately 4% after breaking the main support level at $4,100. The markets are closely awaiting the Federal Reserve meeting scheduled for October 27 and 28, amid expectations of stabilizing interest rates while pricing in the possibility of raising them in December, which imposes additional pressure on gold as an asset that does not generate a return.
Regarding future expectations, observers suggested that gold prices in Saudi Arabia would continue to be linked to the movement of the ounce in global markets, with the $4,000 barrier remaining a pivotal monitoring point during this week’s transactions. The door remains open to the possibility of achieving a slight rebound if the precious metal succeeds in stabilizing above the $4,000 level, in exchange for continuing risks of decline if pressures escalate supported by the strength of the dollar, rising yields, and expectations of tightening monetary policy.
