Saudi Arabia · SAR · Friday, July 24, 1998
Gold Price in Saudi Arabia — July 24, 1998
On July 24, 1998, the international gold spot price was $294.60 per troy ounce. Local SAR conversion for Saudi Arabia requires a verified same-day exchange rate, which isn't currently available for this date — try a nearby trading day using the navigation below.
SAR exchange-rate data is unavailable for this date. The international XAU/USD price is shown below; local-currency conversions for Saudi Arabiacan't be computed accurately for July 24, 1998 without a verified SAR/USD rate.
SAR / Troy Ounce
—
31.1035 g
SAR / Gram
—
1 g
SAR / Tola
—
11.664 g
All unit prices on July 24, 1998 — Saudi Arabia
| Unit | Weight | SAR price |
|---|---|---|
| Troy ounce | 31.1035 g | — |
| Gram | 1.0000 g | — |
| 10 grams | 10 g | — |
| Kilogram | 1,000 g | — |
| Tola | 11.664 g | — |
Price action on July 24, 1998
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 1998
Calendar position
Day 205 of 365
Trading day
155th of 284
Position in 1998's range
52% (low $273.40 → high $314.30)
The Saudi Arabia gold market
Saudi Arabia's gold market is concentrated in Jeddah and Riyadh, with 21-karat being the regional jewellery standard rather than 22K. Retail prices are quoted per gram. The Kingdom applies a 15% VAT on jewellery making charges (not on the gold metal value itself for investment-grade bars). Saudi gold demand is strongly seasonal, peaking around weddings, Ramadan and Hajj.
Standard quote unit
gram
Common purity
21K
Currency
SAR (﷼)
July 24 in other years — Saudi Arabia
July 24, 1998 gold price in other countries
How this July 24, 1998 Saudi Arabia price is calculated
International benchmark. The XAU/USD spot price for July 24, 1998 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $294.60/oz.
Currency conversion. The SAR/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (—) to the USD price — not a year-average or month-end approximation. This makes the ﷼ figure on this page accurate to the trading session.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417). We never compound rounding errors by going through intermediate units.
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Saudi Arabia, add the country-specific levies described in the “Saudi Arabia gold market” section above. The retail rate at a jeweller in Saudi Arabia on July 24, 1998 would have been a few percent above this number once those costs are included.
FAQ — Saudi Arabia gold price on July 24, 1998
What was the gold price in Saudi Arabia on July 24, 1998?
Saudi Arabia historical archive for July 24, 1998 — exact prices may be unavailable if the date fell on a market holiday.
What was the 24K gold rate per tola in Saudi Arabia on July 24, 1998?
Tola-based 24K gold rate computation requires both the day's XAU/USD spot and SAR/USD FX, one of which is missing for this date.
What was the 21K gold rate in Saudi Arabia on July 24, 1998?
Retail karat rate for this date is unavailable.
How accurate is this number versus what jewellers were quoting?
The ﷼ figure on this page is the verified international XAU/USD spot price for July 24, 1998 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in Saudi Arabia typically sit a few percent above this number.
Was July 24, 1998 a trading day?
Yes — July 24, 1998 was the 155th trading session of 284 for 1998 on the international gold market. Fridays are typically active trading days unless they fall on a major holiday.
Want today's rate in Saudi Arabia? See live gold prices in Saudi Arabia with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for July 24, 1998 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of July 1998 in Saudi Arabia, see the full 1998 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to SAR at the same day's exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Saudi Arabia before transacting.