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  - ARABNEWS.COM - Economy - 20/Jun 10:18

Saudi gold demand defies price surge amid cultural, digital shift

article author: Nadin HassanAuthor: Fri, 2025-06-20 13:06 RIYADH: Gold prices may be at record highs, but that has not stopped Saudi consumers from buying. In the first quarter of 2025, demand for gold jewelry in the Kingdom jumped 35 percent year on year, even as global demand fell 21 percent, according to the World Gold Council. That surge comes amid a global price rally, with gold breaching $3,500 per ounce in April, up from around $2,370 a year earlier — driven by geopolitical tensions, inflation fears, and aggressive central bank buying. Main category: Business & EconomyTags: Goldsaudi gold

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