Save Our Pak
On July 3, 2025, a small decrease in gold prices was seen in Saudi Arabia, as Reported By Save Our Pak News Channel On Thursday.
According to a report by FX Street, gold rates in Saudi Arabia dropped slightly. On Wednesday, the price of 1 gram of gold was 404.86 riyals, which has now gone down to 403.95 riyals.
The report also mentioned that the price of one tola of gold was 4722.19 riyals, which has now reduced to 4711.60 riyals. Similarly, 10 grams of gold is being sold at 4039.65 riyals.
In Pakistan, on the third business day of the week, gold prices also went down. According to the All Pakistan Gems and Jewellers Association, the price of one tola of gold dropped by Rs. 600, bringing it to Rs. 356,200.
Likewise, 10 grams of gold dropped by Rs. 514, and the new price is Rs. 305,384. In the international market, gold also showed a downward trend, with prices falling by $6 to reach $3342 per ounce.
Gold is traditionally considered a safe investment, especially during times of inflation, political tension, or economic uncertainty. For centuries, gold has been used as a form of currency and wealth.
When investors feel unsure about other assets, they often choose to invest in gold. In Pakistan, the method of setting gold prices was changed last year. Now, the local price is fixed $20 per ounce higher than the international market rate.
