Today Gold rate in Saudi Arabia, (SAR) 10 gram of 24K gold is SAR 2,455.61. However, these rates are given in 1 tola, 1 gramme, and 10-gramme increments in Saudi Riyal.

Every day, the local gold and bullion markets in the SAR provide live rates.

Gold Rate in Saudi Arabia Today

The latest Gold Rate in SAR on, 17 March 2024. is mention below.

Despite the ongoing questions facing the Federal Reserve regarding interest rate cuts, Goldman Sachs has revised its gold price forecast, stating that the metal is on track for $2,300 value in 2024. Speaking to Reuters, the investment firm noted its most recent revision is the third increase for the third time since the start of the year.

Indeed, the revision took place as the asset surpassed an all-time high in March, several months after reaching a record high in December of last year. Previously, Goldman Sachs predicted Gold to end the year at $2,090, then $2,180. However, they have now noted expectations for that to increase, as the metal has already exceeded both figures thus far.

Also Read: Bitcoin Surpasses Gold in Investor Portfolio Allocation: JPMorgan

Goldman Sachs Expects Gold to Surge in 2024 Despite Interest Rate Uncertainty

Throughout 2023, the Federal Reserve embraced a fiscal tightening campaign to combat inflation. That practice had certainly affected investment activity and had worked to help certain haven assets. Among those was gold, which ended the year reaching a new landmark value.

However, the market now anxiously awaits interest rate cuts, leading to a lull that took place at the start of 2024. That didn’t last long, as the metal ascended to a brand-new all-time mark in March. Now, that performance has influenced Goldman Sachs’s forecast, as they now project the gold price to reach $2,300 in 2024.

“We increase our average gold price forecast for 2024 from $2,090/toz to $2,180/toz, targeting a move to $2,300/toz by year-end,” the firm said in a note to Reuters. Moreover, speaking to the publication, Everett Miillman, chief market analyst at Gainsville Coins discussed the metal’s current predicament on the market amid inflation and interest rate concerns.

Also Read: Gold Prices Breach $2,170; Why Is It Up Today?

“Gold has already priced in whatever positive boost it would get from expectations that interest rates are going down… if inflation starts to kick higher again, it means that policymakers are going to have to keep monetary policy more restrictive for longer,” Millman said.

“Although gold does not particularly like a high-interest rate environment if the reason for interest rates to stay that high is because inflation is running hot.. that naturally means people will again turn to gold,” Millman concluded.

March will prove to be a vitally important date for gold investors. The inflation data should provide greater information on where the discussion is headed. More importantly, Fed chair Jerome Powell’s direction should be gleaned from his statement following the Central Bank’s March decision regarding interest rate cuts.

Notre Dame football coach Marcus Freeman and his staff will open the floodgates in the 2026 recruiting cycle on Sunday. March 17 kicks off the program’s annual Pot of Gold Day campaign, the day the Fighting Irish begin offering most high school sophomore football recruits.

Blue & Gold expects this year’s St. Patrick’s Day-themed recruiting event to be bigger than ever. Over the last two cycles, about 65 recruits reported new Notre Dame offers on Pot of Gold Day. This year, the fourth edition of the event, the Irish could offer more than 90 recruits.

We will have complete coverage of today’s festivities in this live blog. Follow along to read about new Notre Dame offers and how the Irish coaching staff celebrates this huge recruiting effort.

RELATED: What is Pot of Gold Day? Introducing Notre Dame’s St. Patrick’s Day-themed recruiting event

Timeline of Notre Dame Pot of Gold Day offers and other notes

10:50 a.m. ET: The Irish are the fifth school to offer Cleveland (Ohio) Glenville High linebacker Cincere Johnson. The 6-3, 225-pounder will visit Notre Dame later this spring.

10:48 a.m. ET: Notre Dame offers the teammate of 2025 four-star EDGE target Damien Shanklin from Indianapolis Warren Central, 2026 defensive end Jerimy (JJ) Finch.

10:43 a.m. ET: Brunswick (Ga.) High four-star tight end Heze Kent collects a Notre Dame offer. According to the On3 Industry Ranking, Kent is the No. 74 overall player, No. 7 “athlete” nationally and No. 10 prospect in Georgia.

10:38 a.m. ET: The Irish offered Carrollton (Ga.) Bowdon tight end Kaiden Prothro.

10:37 a.m. ET: Seffner (Fla.) Armwood cornerback Jaelen Waters recognizes Pot of Gold Day. The Irish originally offered the 6-2, 180-pound Waters on Feb. 28.

10:35 a.m. ET: Notre Dame offers Harrisburg (Pa.) Trinity running back Messiah Mickens, who committed to Penn State on Aug. 19. Mickens is the No. 25 overall player, No. 2 running back nationally and No. 1 prospect in Pennsylvania, per the On3 Industry Ranking.

10:35 a.m. ET: Four-star offensive tackle Ekene Ogboko from Durham (N.C.) South Garner reports a Notre Dame offer. According to the On3 Industry Ranking, Ogboko is the No. 23 overall player, No. 3 offensive tackle nationally and No. 3 prospect in North Carolina.

The 6-6, 285-pound Ogboko is the younger brother of former Irish 2024 defensive tackle target Nnamdi Ogboko, who signed with Georgia.

10:32 a.m. ET: Santa Ana (Calif.) Mater Dei wide receiver Kayden Dixon-Wyatt posts an offer from the Irish.

10:32 a.m. ET: Decatur (Ill.) Mt. Zion tight end JC Anderson announces a Notre Dame scholarship offer. The 6-foot-7, 230-pounder will check out the Irish later this month.

10:29 a.m. ET: Notre Dame defensive coordinator Al Golden posts on social media about Pot of Gold Day.

Gold price down by Rs 400 per tola today

Gold prices fell in India on Friday, according to data from India’s Multi Commodity Exchange (MCX).

Gold price stood at 65,304 Indian Rupees (INR) per 10 grams, down INR 34 compared with the INR 65,338 it cost on Thursday.

As for futures contracts, Gold prices increased to INR 65,800 per 10 gms from INR 65,595 per 10 gms.

Prices for Silver futures contracts increased to INR 75,624 per kg from INR 75,226 per kg.

Global Market Movers: Comex Gold price lacks firm near-term direction amid Fed rate cut uncertainty

• Data released on Thursday showed that the US producer prices increased more than expected in February, which might force the Federal Reserve to keep interest rates elevated and prompt some selling around the Comex Gold price.
• The US Bureau of Labor Statistics reported that the Producer Price Index for final demand rose by a 1.6% YoY rate in February as compared to the previous month’s upwardly revised print of 1% and the 1.1% market estimates.
• Separately, the US Department of Labor (DOL) published the usual Initial Jobless Claims data, which showed that the number of individuals filing for unemployment insurance for the first time unexpectedly fell to 209K last week.
• This, to a larger extent, overshadowed softer US Retail Sales figures, which rose by 0.6% in February and pointed to a slowdown in consumer spending during the first quarter amid rising inflation and high borrowing costs.
• Meanwhile, the CME Group’s FedWatch Tool indicates that the markets are still pricing in about a 60% chance that the Fed will cut interest rates at the June policy meeting, helping limit losses for the non-yielding yellow metal.
• Investors turn more cautious over the possibility of more hawkish signals from the Fed, which is evident from a generally weaker tone around the equity markets and lends additional support to the safe-haven XAU/USD.
• Russia moved tactical nuclear weapons from its borders into neighboring Belarus, closer to NATO territory, after President Vladimir Putin threatened a wider military showdown with NATO over the alliance’s backing for Ukraine.
• Traders now look to Friday’s US economic docket – featuring the release of the Empire State Manufacturing Index, Industrial Production figures and the Preliminary University of Michigan Consumer Sentiment Index.
• The focus, however, will remain glued to the upcoming FOMC monetary policy meeting, starting next Tuesday, which might provide fresh cues about the Fed’s rate-cut path and determine the near-term trajectory for the metal.

(An automation tool was used in creating this post.)

Gold remains a significant commodity in Nigeria, reflecting both the nation’s economic health and the global market’s fluctuations.

As of March 17th, 2024, the gold prices per gram in Nigeria have been subject to various factors, including global demand, currency exchange rates, and local market conditions.

Below, we answer some frequently asked questions about today’s gold prices in Nigeria.

What is the price of gold per gram in Nigeria today?

As of March 17th, 2024, the gold prices per gram in Nigeria are as follows:

• 24K Gold: ₦112,281.44
• 22K Gold: ₦102,849.80
• 21K Gold: ₦98,246.26
• 18K Gold: ₦84,211.08
• 14K Gold: ₦65,684.64
• 12K Gold: ₦56,140.72
• 10K Gold: ₦46,821.36
• 9K Gold: ₦42,105.54
• 8K Gold: ₦37,389.72

How are these prices determined?

The prices of gold per gram in Nigeria are influenced by the international gold market, the USD to NGN exchange rate, and local market dynamics. The rates are updated frequently to reflect the live spot gold price.

What could affect the future prices of gold in Nigeria?

Several factors could influence the future prices of gold in Nigeria, including:

• Global Economic Stability: Economic downturns or stability can significantly impact gold prices.
• Currency Fluctuations: Changes in the value of the Nigerian Naira against the US dollar can affect gold prices.
• Supply and Demand: The balance between gold production and consumer demand can cause price changes.
• Investor Behavior: Investor decisions based on market conditions can lead to price volatility.

Where can I buy gold in Nigeria?

Gold can be purchased from licensed jewelers, gold traders, and financial institutions offering precious metal investments. It’s crucial to ensure that you’re dealing with reputable sources to avoid counterfeit products.

Gold Price Table (Per Gram in NGN)

For the most accurate and up-to-date information, it’s recommended to check with local gold traders or stay tuned to Okay.ng.

Gold rate in Qatar recorded a QAR 2,780.74 24k per tola on 17 March 2024. These rates are given in 1 tola, 1 gram, and 10-gramme increments in Qatari Riyal. Every day, the local gold and bullion markets in the Qatar provide live rates.

Live international today gold rate in QAR and its converted price of gold Qatari Riyal facilitates to the Qatari gold souk, gold investors, and individuals for fresh updates.

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