The gold price today in Saudi Arabia has shown a moderate strengthening trend over the past 10 days, in line with rising expectations for global monetary policy easing and stable demand for precious metals as a hedge. The latest gold and silver price data shows that the market remains in an accumulation phase, not a euphoric one.
The price of 24k gold in Saudi Arabia was recorded moving from SAR 506.37 on December 5, 2025, to SAR 518.72 per gram on December 14, 2025. This gradual increase indicates that the gold price today still maintains a bullish bias despite experiencing mild corrections in several trading sessions.
Driven by Global Factors, Not Just Local Demand
Strengthening gold price today in Saudi Arabia is not occurring in a vacuum. Several global economic factors are the main drivers, ranging from the weakening US dollar, declining bond yields, to expectations of continued loose monetary policy.
The recent 25 basis point cut in the Federal Reserve’s interest rate has made non-yielding assets like gold attractive again. When interest rates fall, the opportunity cost of holding gold also decreases, encouraging global investors to increase their exposure to the precious metal an effect also felt in the Saudi market.
Marex analyst Edward Meir believes this momentum remains strong.
Lower interest rates tend to be favorable to gold, as it is a non-yielding asset,” he said, adding that silver’s rally also strengthened gold’s movement.
Meanwhile, Middle Eastern market analysts see silver as a “leading indicator.” A faster rise in silver often signals an early strengthening of gold in the following sessions.
Gold Rises Gradually, Correction Considered Healthy
Based on data from the past 10 days, 18k, 22k, and 24k gold have experienced a consistent rally since December 8, reaching a local peak on December 13. The price of 22k gold, for example, rose from SAR 465.10 to SAR 475.53, before a slight correction on December 14th.
This small correction is actually seen as a healthy consolidation. Technically, this pattern indicates that gold price today has not lost momentum, but is instead seeking a new equilibrium level.
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Silver Also Strengthens, Confirming Positive Sentiment
Not only gold, but silver prices in Saudi Arabia also reflected positive sentiment. 999-grade silver rose from SAR 6.88 on December 5th to SAR 7.64 on December 12th, before weakening slightly at the end of the period.
A rise in silver is often seen as confirmation of the strength of the gold trend. When silver rallies, the market perceives investor optimism as broad, not just defensive.
“Silver seems to be pulling gold along with it… there’s a lot of momentum behind it right now,” said Meir, highlighting the strong buying flow in the precious metal.
What Does This Mean for Gold Price Today?
Looking at the trend over the past 10 days, gold price today in Saudi Arabia still has the potential to move steadily or even strengthen as long as global sentiment remains supportive. Factors such as the direction of the Fed’s policy, the movement of the US dollar, and global inflation data will be the main determinants of the next phase.
Also read: Gold Prices Extend Rally on Fed Easing Despite Volatility Warning – Price in UK
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