LAHORE – The 24-karat gold rates in Saudi Arabia on Monday (February 10) reached historic high as witnessed significant gains as it stood at 4,019 Saudi Riyal (SAR) per tola, according to forex.pk.
Furthermore, the 10 grams of 24-k gold is being sold for SAR 3,450 in the kingdom while the per ounce gold price stands at SAR 10,686.
Note: The gold price across the world, including Saudi Arabia, changes constantly and there will be some differences in this post as the prices were updated at 09:30 am February 10, 2025.
Meanwhile, Saudi Riyal witnessed no change against Pakistani rupee as it stood at Rs74.40 on Monday, February 10, in local open market.
The selling rate of the Riyal also remained constant as it is being sold for Rs74.63 on the first day of the new business week.
Earlier, Pakistan and Saudi Arabia signed an agreement for deferred payment for oil import worth $1.2 billion for one year.
Prime Minister Muhammad Shehbaz Sharif and Chief Executive Officer of Saudi Fund for Development (SFD) Sultan Abdulrahman Al-Marshad witnessed the signing of agreement.
The prime minister welcomed the signing of Oil Import Financing Facility according to which Pakistan will receive the oil on deferred payment.
This project will strengthen Pakistan’s economic resilience by securing a stable supply of petroleum products while reducing immediate fiscal burdens.
