24K Gold — LIVE ·
Where our prices come from: live spot from Swissquote, gold-api.com & goldapi.io (backup), updated every minute. SAR at the fixed SAMA peg 3.75; other currencies at real daily rates. Never simulated — if a feed fails we show the last real price, marked delayed. Know more about us →
Gold rates across the Kingdom
Gold Price Today in Saudi Arabia
Follow the gold price today in Saudi Arabia as it moves. We show live rates for 24K, 22K, 21K, 18K and 14K gold in Saudi Riyals, calculated from the global spot price per ounce at the Riyal's fixed exchange rate (3.75 SAR per USD).
21K is the most traded benchmark in the Saudi market and the standard reference for jewelry prices in the souqs of Riyadh, Jeddah, Dammam and Mecca. 24K at 99.9% purity is the choice for investment bars, which are exempt from VAT.
Displayed prices refresh roughly every minute from the global data feed. If an update fails, we keep showing the last reliable price with a clear badge — we never invent prices. Read the full calculation methodology.
Specialized tools & guides
Saudi Gold Calculators & Market Guides
Jewelry Making Fee & 15% VAT Calculator
Calculate exact retail jewelry purchase costs across Saudi gold souqs, factoring in raw spot metal price, jeweler making fees, and official ZATCA VAT.
Open Smart Calculator →Used Scrap Gold Sell-Back Rates
Real-time buyback prices offered by Saudi goldsmiths for 21K, 18K, and 24K scrap gold, with live melt valuation and refining margin breakdown.
View Scrap Rates →Gold Zakat & Nisab Calculator
Calculate your mandatory 2.5% annual gold Zakat across all karats, benchmarked against the live 85-gram 24K Nisab threshold with Islamic jurisprudence rules.
Calculate Zakat & Nisab →Gold Bullion Bars & Coins (0% Tax)
Live prices for pure 999.9 gold bars (10g to 1kg) and 8g 21K Saudi Gold Sovereign coins. 100% tax-free investment gold verified under ZATCA.
Explore Bullion Catalog →Saudi Gold Souqs & Market Hours
Comprehensive visitor directory to top gold souqs in Riyadh (Taiba & Batha), Jeddah (Al-Balad), and Dammam (Love Market), with daily and Friday hours.
View Souqs Directory →FAQs
Frequently Asked Questions
Essential guide to gold prices & regulations in Saudi Arabia — authoritative answers on pricing calculations, ZATCA VAT exemptions, making fees, and bullion investment rules.
How is the gold price per gram calculated in Saudi Arabia?
The price per gram in Saudi Arabia is calculated directly from the international spot market using a transparent formula:
Price per Gram = (Spot Gold Price per Ounce in USD ÷ 31.1035) × 3.7500 (SAMA Fixed Peg) × Karat Purity
Here, 31.1035 represents the exact weight in grams of an international Troy Ounce, and the Saudi Central Bank (SAMA) permanently pegs the US Dollar at 3.7500 SAR.
Is there VAT on gold bars and bullion in Saudi Arabia?
No. In accordance with the executive regulations issued by the Zakat, Tax and Customs Authority (ZATCA), investment gold bullion and minted bars with a purity of 99% or higher (24 Karat) are completely exempt at 0% VAT. Finished jewelry, ornaments, and wearable items (18K, 21K, and 22K), on the other hand, are subject to the standard 15% VAT applied to the total invoice sum (raw gold value + making fee).
What is the average making charge (Masna'iya) for gold in Saudi Arabia?
Artisan crafting fees in Saudi jewelry markets typically range from 15 to 60 SAR per gram depending on design complexity and craftsmanship origin:
- Local machine-cast items & plain bands: 15 – 25 SAR/g.
- Regional Gulf, Bahraini, and Kuwaiti designs: 25 – 35 SAR/g.
- Intricate Italian, Turkish, laser-cut, and branded jewelry: 35 – 60+ SAR/g.
What is the difference between 21K and 22K gold in Saudi Arabia?
The difference lies in pure gold concentration and usage:
- 21 Karat (87.5% purity): The primary retail benchmark in Saudi Arabia, capturing over 70% of total jewelry volume. It strikes an optimal balance between rich golden warmth and durable wear resistance for everyday jewelry.
- 22 Karat (91.7% purity): Contains a higher ratio of elemental gold with an intense yellow luster, highly preferred by South Asian expatriates and traditional heritage jewelry buyers.
What documents are required for expats and tourists to buy or export gold from Saudi Arabia?
When purchasing from licensed shops, buyers must present a valid National ID, Iqama, or Passport for transactions exceeding regulatory thresholds to obtain official serialized VAT tax invoices. For departing travelers, personal wearable jewelry can be carried freely without duty. However, any commercial quantities or gold bullion bars valued above 60,000 SAR require mandatory customs declaration upon departure at Saudi customs ports.
What is the difference between gold buy price and sell price (scrap rate) in Saudi Arabia?
The purchase price you pay at jewelry stores represents total retail cost: spot gold market value + artisan making charges (15–60 SAR/g) + 15% ZATCA VAT. Conversely, the sell-back rate when selling scrap or used jewelry reflects only the pure melt value of the gold, minus a standard 1.0% to 2.0% merchant refining allowance. Making fees and VAT paid at purchase cannot be recovered upon resale.
Does the gold price differ between Riyadh, Jeddah, and Dammam?
No. The base raw gold spot rate per gram is identical across all regions and cities in the Kingdom — including Riyadh, Jeddah, Mecca, Medina, Dammam, and Al-Khobar. All gold trades synchronize directly with global LBMA spot prices via the Saudi Central Bank's fixed exchange peg (3.7500 SAR/USD). Any minor retail cost variances between shops result purely from craftsmanship fees (Masna'iya) and merchant markups.
When does the international gold market close on weekends?
Global financial exchanges (LBMA London and COMEX New York) cease active spot trading every Friday at approximately 12:00 midnight (Saudi time, UTC+3) and resume on Sunday evening (~1:00 AM Monday). Local retail gold souqs and boutiques across Saudi Arabia remain open for business throughout the Friday and Saturday weekend, pricing inventory against Friday's closing spot benchmark.
What is the USD to SAR peg rate used for gold price calculation in KSA?
Gold is globally priced and quoted in US Dollars per Troy Ounce. Under Saudi monetary policy, the Saudi Central Bank (SAMA) maintains an official, unwavering currency peg of 3.7500 Saudi Riyals (SAR) per 1.00 USD. Consequently, domestic gold prices convert with 100% mathematical fidelity directly from global spot quotes without domestic currency risk.
Is 21K or 24K gold better for investment in Saudi Arabia?
For pure financial investment and wealth preservation, 24 Karat minted bullion bars (999.9 fineness) are significantly superior because they are 100% exempt from the 15% ZATCA VAT and carry minimal minting premiums. 21 Karat gold (87.5% purity) is best suited for wearable jewelry or Saudi Sovereign Gold Coins (8g), which offer high liquidity across all domestic souqs.
What is the gold price forecast for 2025 - 2026 in Saudi Arabia?
Gold price trends in Saudi Arabia directly mirror global macroeconomic cycles, particularly US Federal Reserve interest rate decisions, global inflationary pressures, and persistent bullion acquisition by major central banks. Gold remains the premier long-term safe-haven asset and hedge against currency debasement in the Saudi market.