Gold by Country

Gold Price in Saudi Arabia

Live Saudi Arabia gold rate in SAR, by karat and weight.

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24K gold, per gramUpdating…

International spot · USD

Gold spot price in US dollars

Updated: Sep 7, 2026, 06:40 AM

Per Gram

$ 141.41

Per Tola

$ 1,649.40

Per Ounce

$ 4,398.40

Per Kilo

$ 141,411.84

The international gold spot price is quoted in US dollars and is the global benchmark from which every local rate is derived. Prices exclude dealer premiums, making charges, and local taxes.

Live Saudi Arabia rates are updating — please check back shortly.

Price chart · USD

Gold price history

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Chart values are in US dollars. Per gram, tola and ounce figures above are USD. Today’s local-currency price uses the live exchange rate; historical values stay in USD because reliable historical exchange-rate data isn’t available. Candles are reconstructed from real high, low and average data.

Learn

How to calculate the Gold rate in SAR

Turn the international USD spot price into a local per-gram, per-tola and per-ounce rate in a few simple steps.

1
Start with the spot priceTake the live international gold spot price, quoted in US dollars per troy ounce.
2
Convert ounce → gramDivide by 31.1035 (the grams in a troy ounce) to get the USD price per gram.
3
Convert USD → SARMultiply by the live USD/SAR exchange rate.
4
Scale to tola & ounceMultiply the per-gram rate by 11.6638 for a tola, or 31.1035 for an ounce.

Buying gold in Saudi Arabia: key facts

Popular karat	21K, 22K, 24K
Hallmarking	Regulated by SASO
Tax / duty	15% VAT (investment gold exempt)
Common units	Gram

Gold converter →·Live gold price →·Zakat calculator →

Written & reviewed by Muhammad Salman Saleem

Founder & Editor · Prices are checked against the international spot benchmark and refreshed through the trading day. Educational information only — not financial advice.

Gold price in Saudi Arabia

Gold in Saudi Arabia is quoted in riyals (SAR) and enjoys strong cultural and investment demand, with gold jewelry central to weddings and celebrations. The Kingdom is one of the largest gold markets in the Middle East.

The riyal is pegged to the US dollar, so Saudi gold prices closely follow the international benchmark. Below is the live Saudi gold rate by karat and weight, converted at the current exchange rate.

Gold rate in major Saudi Arabia cities

Gold is priced nationally, so the Saudi Arabia rate shown above applies across all major cities — including:

RiyadhJeddahMeccaMedinaDammam

Saudi Arabia gold market at a glance

Currency	Saudi riyal (SAR) — pegged to the US dollar
Most common purity	21K is especially popular; also 24K, 22K and 18K
Usual quoting unit	Per gram
VAT	15% VAT on jewelry; investment-grade gold is exempt
Main markets	Gold souks in Jeddah, Riyadh and Mecca
Cultural role	Central to weddings and dowries

The 21K market

Saudi Arabia has one of the highest per-capita appetites for gold in the world, and it has a distinctive preference: 21-karat is the everyday favourite, sitting between the richer colour of 22K and the harder wear of 18K. You will still find 24K bars for saving and 18K for contemporary designs, but a Saudi jewelry counter is likely to lead with 21K chains, bangles and sets.

Gold is quoted per gram for each karat, and — as across the Gulf — the making charge for craftsmanship is usually shown separately from the metal value.

Why Saudi prices track the world price so closely

The riyal is pegged to the US dollar, so the local gold price moves almost in lock-step with the international dollar price. Unlike markets with a floating currency, there is very little currency-driven divergence — when the world price rises or falls, the riyal price does much the same, adjusted only for local taxes and dealer margins.

That makes Saudi Arabia a good market for comparing a jeweler’s price against the live international benchmark.

Weddings, dowries and gifting

Gold is deeply embedded in Saudi social life. Elaborate gold sets are a traditional part of weddings and dowries, gifted to the bride and kept as a personal store of wealth. This cultural demand — concentrated around wedding seasons — sits on top of steady investment buying, and it is one reason the Kingdom is such a large and consistent gold consumer.

Jewelry carries 15% VAT, but investment-grade gold is exempt, which shapes how savers and jewelry buyers each approach the market.

Saudi Arabia gold price FAQ

What karat is common in Saudi Arabia?

21K is especially popular in Saudi Arabia and the wider Gulf, alongside 22K and 24K, balancing colour, durability, and value.

Is there VAT on gold in Saudi Arabia?

Saudi Arabia applies VAT, but investment-grade gold of 99% purity or higher is generally exempt; jewelry and making charges are taxed.

How is the Saudi gold price set?

It follows the dollar-denominated international price, converted to riyals at the pegged exchange rate, plus local premiums.

Why is 21K so popular in Saudi Arabia?

21K balances a strong gold colour with good durability at a slightly lower price than 22K, which suits the Gulf taste for high-purity everyday jewelry. It is the default at most Saudi gold counters.

Does VAT apply to gold in Saudi Arabia?

Jewelry is subject to 15% VAT, but investment-grade gold (bars and coins of high purity) is exempt, so savers and jewelry buyers are taxed differently.

Does the Saudi gold price follow the dollar?

Yes — the riyal is pegged to the US dollar, so the local price closely tracks the international dollar-denominated gold price, with little currency-driven volatility.

What is the gold rate in Saudi Arabia today?

The live gold rate in Saudi Arabia is shown above in SAR, with 24K, 22K, 21K and 18K prices per gram and local units, refreshed through the trading day.

How is the gold price in Saudi Arabia calculated?

It is the international spot price (US dollars per troy ounce) converted into SAR at the live exchange rate, then divided by weight and adjusted for karat purity.

Why does the Saudi Arabia gold price change daily?

Two forces move it: the global gold price and the SAR exchange rate. On top of that benchmark, jewelers add making charges and any local taxes or duties.

Gold prices in other countries

Where our data comes from. Live gold, silver, platinum, palladium, copper and crypto prices are sourced from gold-api.com, benchmarked to the international (LBMA-style) spot market and quoted in US dollars. Currency conversions use live ExchangeRate-API rates, refreshed through the trading day. All figures are indicative and exclude dealer premiums, making charges and local taxes. See our data & methodology for sources and formulas, or our disclaimer. Nothing here is financial advice.

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