By Mohammed Idries
Riyadh-Mubasher: Average gold price in Saudi Arabia continued its decline for the fifth straight week. The ounce has fallen by 5.6% (SAR 238) to SAR 4,045.61 on 1-21 November.
The decline was due to a rise in the U.S. dollar and increase in gold sales.
The gold price per kilo fell SAR 7,700 to SAR 130,000 on 21 November, compared with SAR 137,700 in early this month.
The price of 24-carat gold declined to SAR 128.91 on 17 November, its lowest in November, but rose to SAR 130.07 on 19 November.
Meanwhile, the 21 and 18-carat gold showed the same performance last week.
Translated by Abdul Maguid Aboshahla
