Gold Spot Price (gold/SAR)
SAR 19,332.67
per troy ounce
Gold & Silver
1 oz
SAR 19,332.67
1 gr
SAR 621.56
1 kg
SAR 621,559.47
Prev Close
SAR 19,278.54
Open
SAR 19,332.67
Day High
SAR 19,404.99
Day Low
SAR 18,986.04
1 oz
SAR 314.64
1 gr
SAR 10.12
1 kg
SAR 10,115.78
Prev Close
SAR 313.29
Open
SAR 314.64
Day High
SAR 318.66
Day Low
SAR 306.35
Current Situation
As of March 6, 2026, gold prices are volatile, plunging on supply fears from potential Polish central bank sales and a US-Venezuela gold deal, but firming above $5,100 amid US dollar weakness and safe-haven demand (FXStreet, RoboForex).
Key Drivers
- Polish gold sales: Central bank governor considers selling reserves for defense, adding supply pressure (ZeroHedge reports).
- US-Venezuela deal: Up to 1,000 kg of Venezuelan gold entering US markets via Trump team brokered agreement (ZeroHedge).
- Geopolitical tensions: Markets assume a short war; prolonged conflict could lift gold as a safe haven (Peter Schiff on X).
- Dollar weakness: Renewed USD drop supports gold recovery despite profit-taking (FXStreet).
Short-Term Outlook (1-7 days)
Choppy trading likely with downside risks from supply news; watch $5,100 support and $5,186 resistance for direction amid medium confidence.
Long-Term Outlook (1-3 months)
Broader uptrend intact on safe-haven appeal if war drags on (Peter Schiff); analysts see strength above $5,100 but note supply uncertainties.
What to Watch
- Details on Polish sales scale/timing.
- Venezuela gold influx impact.
- Geopolitical war updates.
- US economic data releases.
Current price: SAR 19,332.67/ troy oz
| Period | Start Price | Change | Change (%) | Trend |
|---|---|---|---|---|
| Today | SAR 19,332.67 | +SAR 54.13 | +0.28% | |
| 1 Week | SAR 19,752.00 | -SAR 419.32 | -2.12% | |
| 1 Month | SAR 18,674.25 | +SAR 658.42 | +3.53% | |
| 3 Months | SAR 15,911.25 | +SAR 3,421.42 | +21.50% | |
| 6 Months | SAR 13,525.12 | +SAR 5,807.55 | +42.94% | |
| 1 Year | SAR 10,974.75 | +SAR 8,357.92 | +76.16% | |
| Since 2026 | SAR 16,355.81 | +SAR 2,976.86 | +18.20% | |
| Since 2025 | SAR 10,008.75 | +SAR 9,323.92 | +93.16% | |
| Since 2024 | SAR 7,775.25 | +SAR 11,557.42 | +148.64% | |
| Since 2023 | SAR 6,922.87 | +SAR 12,409.80 | +179.26% | |
| Since 2022 | SAR 6,750.37 | +SAR 12,582.30 | +186.39% |
Market Summary
| Metal | Price | Prev Close | High | Low | Change |
|---|---|---|---|---|---|
Gold (XAU) | SAR 19,332.67 | SAR 19,278.54 | SAR 19,404.99 | SAR 18,986.04 | Today +54.13 (+0.28%) |
Silver (XAG) | SAR 314.64 | SAR 313.29 | SAR 318.66 | SAR 306.35 | Today +1.35 (+0.43%) |