LAHORE – Gold prices in Saudi Arabia saw an upward trend on March 7, 2025, with 24-karat gold per tola reaching 4,107 Saudi Riyals (SAR), according to forex.pk. Meanwhile, 10 grams of 24-karat gold is priced at SAR 3,525, and per ounce gold stands at SAR 10,964.

Gold prices fluctuate globally, including in Saudi Arabia, and may vary throughout the day. The latest surge is linked to economic uncertainty following trade tensions, as the U.S. imposed tariffs on China, Canada, and Mexico, leading investors to seek safer assets like gold.

In currency exchange updates, the Saudi Riyal’s open market rate against the Pakistani Rupee was recorded at Rs74.59, while the selling rate was Rs75.14.

Additionally, Pakistan and Saudi Arabia recently signed a $1.2 billion deferred oil payment agreement for one year. The agreement, witnessed by Prime Minister Shehbaz Sharif and Saudi Fund for Development CEO Sultan Abdulrahman Al-Marshad, aims to stabilize Pakistan’s petroleum supply while easing immediate financial pressure.