Convert Gram Gold GRAMG to Saudi Riyal SAR
GRAMG to SAR: 1 Gram Gold converts to SAR 491.62 SAR as of November 8 at 12:22 PM
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About Gram Gold
Gram Gold is falling this week. The current price of Gram Gold is SAR 491.62 per GRAMG. With a circulating supply of 0 GRAMG, it means that Gram Gold has a total market cap of SAR 0.00. The amount of Gram Gold traded has fallen by -SAR 4,245.07 in the last 24 hours, which is a 78.27% decrease. Additionally, in the last day, SAR 5,423.90 worth of GRAMG has been traded.
The exchange rate of Gram Gold is decreasing. The current value of 1 GRAMG is SAR 491.62 SAR. In other words, to buy 5 Gram Gold, it would cost you SAR 2,458.08 SAR. Inversely, SAR 1.00 SAR would allow you to trade for 0.002034 GRAMG while SAR 50.00 SAR would convert to 0.1017 GRAMG, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 4.52%. Meanwhile, in the last 24 hours, the rate has changed by 0.2%, which means that the highest exchange rate of 1 GRAMG to SAR was SAR 493.48 SAR and the lowest 24 hour value was 1 GRAMG for SAR 491.54 SAR. Last month, 1 GRAMG was worth SAR 498.67 SAR. Today, it's down 1.5%. Looking back a year, Gram Gold has changed by SAR 479.80 SAR. That means that in a single year, the value of Gram Gold has grown by 1.61%.
Gram Gold Market Stats
Launched in November 2022, Gram Gold Token (GRAMG) is an asset-backed token redeemable 1:1 for 1 gram of gold. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by gold on the blockchain at a 1:1 ratio and indexed to the price of gold. For every GRAMG created, an equivalent amount of gold is held as collateral in the respective blockchain wallet. GRAMG provides a cost-effective, fast and secure solution for global users, offering direct ownership with no storage costs and high accessibility for 24/7 transactions and transfers, regardless of any geographical boundaries. Unlike gold transaction limits in the market, there is no minimum transaction limit for GRAMG transactions. GRAMG transactions are executed instantly and any amount of GRAMG tokens can be converted to fiat currencies, ensuring quick and efficient transactions. GRAMG is created and runs on the Avalanche C-Chain and Polygon blockchain, and it is compatible with all blockchain wallets that support EVM. It uses smart contracts to automatically manage the collateralization process. As demand for GRAMG tokens increases, Token Teknoloji Anonim Şirketi shall add the corresponding amount of gold, indexed to the price of gold, to its reserves for every 1 GRAMG token at the request of institutions wishing to meet their demand. This ensures that the 1:1 ratio between gram gold and GRAMG is preserved while maintaining market supply and demand equilibrium. And a coin burn function is integrated within the blockchain's smart contract to remove a predetermined quantity of GRAMG tokens from circulation when necessary, ensuring a balance between GRAMG and gram gold. Thanks to this mint-and-burn mechanism, the price of GRAMG is always in equilibrium with that of the physical gram of gold.
Conversion tables
GRAMG to SAR values from Today at 12:22 pm
0.5 GRAMG = SAR 245.81 SAR |
1 GRAMG = SAR 491.62 SAR |
5 GRAMG = SAR 2,458.08 SAR |
10 GRAMG = SAR 4,916.16 SAR |
50 GRAMG = SAR 24,580.80 SAR |
100 GRAMG = SAR 49,161.60 SAR |
500 GRAMG = SAR 245,808.00 SAR |
1,000 GRAMG = SAR 491,616.01 SAR |
SAR to GRAMG values from Today at 12:22 pm
SAR 0.50 SAR = 0.001017 GRAMG |
SAR 1.00 SAR = 0.002034 GRAMG |
SAR 5.00 SAR = 0.01017 GRAMG |
SAR 10.00 SAR = 0.02034 GRAMG |
SAR 50.00 SAR = 0.1017 GRAMG |
SAR 100.00 SAR = 0.2034 GRAMG |
SAR 500.00 SAR = 1.02 GRAMG |
SAR 1,000.00 SAR = 2.03 GRAMG |
GRAMG to SAR over time
GRAMG | Today | 24H 98.05% | 1M 98.03% | 1Y 98.10% |
|---|---|---|---|---|
0.5 GRAMG | SAR 245.81 SAR | SAR 246.23 SAR | SAR 249.34 SAR | SAR 239.90 SAR |
1 GRAMG | SAR 491.62 SAR | SAR 492.47 SAR | SAR 498.67 SAR | SAR 479.80 SAR |
5 GRAMG | SAR 2,458.08 SAR | SAR 2,462.34 SAR | SAR 2,493.36 SAR | SAR 2,399.02 SAR |
10 GRAMG | SAR 4,916.16 SAR | SAR 4,924.68 SAR | SAR 4,986.73 SAR | SAR 4,798.05 SAR |
50 GRAMG | SAR 24,580.80 SAR | SAR 24,623.38 SAR | SAR 24,933.65 SAR | SAR 23,990.24 SAR |
100 GRAMG | SAR 49,161.60 SAR | SAR 49,246.76 SAR | SAR 49,867.29 SAR | SAR 47,980.49 SAR |
500 GRAMG | SAR 245,808.00 SAR | SAR 246,233.78 SAR | SAR 249,336.45 SAR | SAR 239,902.43 SAR |
1,000 GRAMG | SAR 491,616.01 SAR | SAR 492,467.55 SAR | SAR 498,672.91 SAR | SAR 479,804.86 SAR |
Frequently asked questions
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