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Gold Prices Rise in Saudi Arabia, UAE, Philippines, Pakistan: FXStreet Data

Gold prices edged higher in Saudi Arabia to SAR 566.80 per gram on Thursday, capping a series of modest upticks reported across key markets. Earlier FXStreet updates showed rises in Pakistan (PKR 42,235.90/gram, +0.15%), UAE (AED 554.51/gram), and Philippines (PHP 9,175.93/gram), all derived from international XAU/USD rates converted to local currencies. These small gains (~0.15%) reflect broader support from a softer US dollar, safe-haven demand, and central bank buying (1,136 tonnes added in 2022, ~$70bn), though no major catalysts emerged.

Category

Gold

Sentiment

Neutral

Event

Price movement

Reading time

1 min