Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

Gold Ounce

Gold Ounce

Gold is a chemical element with symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In its purest form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native) form, as nuggets or grains, in rocks, in veins, and in alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum) and also naturally alloyed with copper and palladium. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia, a mixture of nitric acid and hydrochloric acid, which forms a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid, which dissolves silver and base metals, a property that has long been used to refine gold and to confirm the presence of gold in metallic objects, giving rise to the term acid test. Gold also dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold dissolves in mercury, forming amalgam alloys, but this is not a chemical reaction. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 186,700 tonnes of gold exists above ground, as of 2015. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry. Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. As of 2016, the world's largest gold producer by far was China with 450 tonnes per year.

4587 Saudi Arabian Riyal to Gold Ounce exchange rates chart

4587 SAR to XAU exchange rates graph
4587 SAR to XAU Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

4587 SAR to XAU exchange rates table

Exchange SAR to XAU
4587 Saudi Arabian Riyal = 0.951 Gold Ounce
9174 Saudi Arabian Riyal = 1.902 Gold Ounce
22935 Saudi Arabian Riyal = 4.754 Gold Ounce
45870 Saudi Arabian Riyal = 9.509 Gold Ounce
Exchange Saudi Arabian Riyal to Gold Ounce
4587 Saudi Arabian Riyal to Gold Ounce Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

4587 SAR to XAU exchange rates news

Iranian rial hits record low of 170,000 to the dollar

LONDON: The Iranian rial hit a record low against the US dollar on the unofficial market on Wednesday, the local Tasnim news agency reported, amid a deterioration in the economic situation in Iran and the reimposition of sanctions by Washington. The dollar was being offered for as much as 170,000 rials, according to Tasnim. The rial has lost approximately 75 percent of its

4 days conditional neutral
Top bank boosts Egypt, Gulf falls in thin trade

Egypt’s blue-chip stock index rose sharply on Wednesday, boosted by its biggest bank, while all major Gulf markets were weak, with some investors away on year-end holidays.

13 days conditional neutral
Super Eagles forward wins Player of the Week in Saudi Arabia

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18 days indicative positive
Turbulence and Brexit Make Safer Options Like Gold and Cash Essential

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

about 11 hours imperative neutral
SWOT Analysis: 10 Straight Days of Gold ETF Inflows

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

1 day indicative positive
Gold SWOT Analysis: Momentum Is Building

Since 1995, news.GoldSeek.com publishes the leading gold news commentaries, gold market updates and reports providing gold investors with the most updated gold and silver prices, news & precious metals information!

8 days indicative neutral

4587 SAR to XAU currency converter