The gold rate in Saudi Arabia witnessed a notable decline on Thursday, February 27, 2025. The price of 24-karat gold per tola dropped to 4,069 Saudi Riyal (SAR). Additionally, the price of 10 grams of 24-karat gold is currently SAR 3,492, while per ounce gold is trading at SAR 10,862.
It’s important to note that gold prices in Saudi Arabia and globally fluctuate frequently. The rates mentioned here were updated at 9:00 AM on February 27, 2025, and may vary slightly by the time of reading.
Saudi Riyal Exchange Rate Against Pakistani Rupee
In the open market, the Saudi Riyal (SAR) exchange rate against the Pakistani Rupee (PKR) stood at Rs. 74.56. Meanwhile, the selling rate of the Riyal increased to Rs. 75.08 on the fourth day of the new business week, as reported by various exchange companies.
Pakistan and Saudi Arabia Sign $1.2 Billion Oil Import Agreement
In related news, Pakistan and Saudi Arabia recently signed a significant agreement for deferred payment on oil imports worth $1.2 billion for one year. The agreement was signed in the presence of Prime Minister Muhammad Shehbaz Sharif and Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development (SFD).
The Oil Import Financing Facility aims to strengthen Pakistan’s economic resilience by ensuring a stable supply of petroleum products while alleviating immediate fiscal pressures. Prime Minister Shehbaz Sharif expressed his appreciation for the agreement, highlighting its potential to support Pakistan’s economic stability.
Key Takeaways:
- Gold Rate in Saudi Arabia (February 27, 2025):
- 24-karat gold per tola: SAR 4,069
- 10 grams of 24-karat gold: SAR 3,492
- Per ounce gold: SAR 10,862
- SAR to PKR Exchange Rate:
- Open market rate: Rs. 74.56
- Selling rate: Rs. 75.08
- Pakistan-Saudi Arabia Oil Deal:
- Deferred payment agreement worth $1.2 billion signed to support Pakistan’s oil imports.
Stay updated with the latest gold rates and economic developments in Saudi Arabia and Pakistan by following reliable sources. Prices are subject to change, so always verify the most current rates before making any financial decisions.