Identity & transparency
About goldpricesaudi.net
The independent bilingual reference platform for real-time gold prices in Saudi Arabia — displayed in Saudi Riyals (SAR).
Our mission
goldpricesaudi.net was born from a straightforward observation: the existing websites for tracking gold prices in Saudi Arabia are either outdated and cluttered with ads, lack real-time accuracy, or fail to account for the taxes and making charges that Saudi consumers actually pay. Our goal is simple: provide every resident of Saudi Arabia with an accurate, instant gold price — whether they're buying an engagement ring, selling scrap gold, calculating Zakat, or investing in bullion — all in one clean, fast, ad-free platform. We believe accurate financial information is a right, not a privilege, and that full transparency in price methodology is an obligation for any platform handling financial data.
Who runs this site
Musab Mehmood
Founder & Developer, goldpricesaudi.net | Web Developer & Financial Data Analyst
An independent web developer with a passion for commodities markets and financial data. Designed this platform to deliver a transparent, modern tool for the next generation of users in Saudi Arabia — free from the complexity and intrusive ads that plague competing sites.
Direct contact: contact@goldpricesaudi.net
How we calculate prices — methodology
All prices on this platform are calculated using the internationally standardised formula adopted by global gold markets:
| Karat | Purity | Factor | Common use |
|---|---|---|---|
| 24K | 99.9% | × 1.0000 | Investment bullion (VAT-exempt in KSA) |
| 22K | 91.7% | × 22/24 | Traditional & Indian-style jewelry |
| 21K | 87.5% | × 21/24 | Saudi market standard — most widely traded |
| 18K | 75.0% | × 18/24 | European & Swiss jewelry |
| 14K | 58.3% | × 14/24 | Everyday & lightweight jewelry |
Spot price source: live multi-source cascade (Swissquote → gold-api.com → goldapi.io) via Cloudflare Worker.
Exchange rate: official fixed peg from the Saudi Central Bank (SAMA): 3.7500 SAR = 1 USD.
Other currencies: converted from the SAR price using real daily exchange rates from ExchangeRate-API (USD base) — never a fixed or guessed rate.
Update frequency: continuous updates during global trading sessions (Sun–Fri); last official close used off-hours.
Full details — including the technical feed source, the buy/sell formula, and our delay policy — on the full methodology page.
Our honesty promise
Every price on this site is a real price from a real market feed — never simulated, never invented, never "animated" to look alive. If a feed fails, we show the last real price and clearly mark it as delayed. We would rather show an honestly delayed price than a fake live one. That rule is non-negotiable, and it is what makes this site trustworthy.
- Real data only: prices come from three real market feeds (Swissquote → gold-api.com → goldapi.io), checked every minute.
- No simulation: we never generate, animate, or smooth prices. The number you see is the number the feed gave us.
- Honest delays: if all feeds fail, the last real price stays on screen with a clear "delayed" label — never replaced by an invented number.
- Open methodology: the exact formula, sources, and conversion rules are published on this page and the methodology page for anyone to verify.
Official data sources & references
Our data and analysis draw exclusively from the following authoritative sources:
- › Swissquote — primary live gold spot feed
- › gold-api.com — secondary live gold spot feed
- › goldapi.io — emergency backup feed
- › ExchangeRate-API — real daily exchange rates for the currency selector
- › London Bullion Market Association (LBMA) — global benchmark for gold spot price and AM/PM fixes
- › Saudi Central Bank (SAMA) — source of the official fixed exchange rate: 3.7500 SAR per USD
- › Zakat, Tax and Customs Authority (ZATCA) — VAT regulations on gold: 0% on investment bullion, 15% on jewelry
- › World Gold Council — global gold market statistics and economic analysis
Editorial standards & accuracy commitments
- Reference prices, not retail prices: all prices shown are spot market benchmarks. In-store retail prices differ by adding making charges (15–60 SAR/gram) and 15% ZATCA VAT.
- Not investment advice: this platform is a pure reference tool. Nothing on this site constitutes a buy or sell recommendation. Investment decisions require a licensed financial advisor.
- Full transparency: we explicitly state our data sources and calculation methodology. No rounding tricks, no fabricated numbers, no misleading claims.
- Ad-free philosophy: we reject intrusive advertising that pressures readers into poorly-informed purchasing decisions.
- Regular updates: all static informational pages (Zakat thresholds, VAT rules, market guides) are reviewed whenever official regulatory changes are issued.
Contact us
We welcome your questions, feedback, and partnership inquiries. We aim to respond within 24–48 business hours.
Email: contact@goldpricesaudi.net
Website: goldpricesaudi.net
Coverage: Saudi Arabia