Gold & Silver Price Today in Saudi Arabia
Live prices per gram in SAR
Live gold and silver prices in Saudi Arabia in SAR. Gold karats 24/22/21/18/14K and silver purities 999/925/900 — updated daily.
🥇 Gold Price — Saudi Arabia
| Karat | Per Gram (SAR) |
|---|---|
| 24K | |
| 22K | |
| 21K | |
| 18K | |
| 14K |
SAR/gram
SAR/gram
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21K Gold — 7-Day Chart (SAR/gram)
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Silver Price Today in Saudi Arabia
Fine 999, Sterling 925 and Coin 900 silver prices in SAR per gram, ounce and kilo. Updated daily from live XAG/USD rates.
| Purity | Per Gram (SAR) |
|---|---|
Fine 999 Silver — 7-Day Chart (SAR/gram)
Gold in Saudi Arabia
Saudi Arabia is one of the world's largest gold markets, driven by deep cultural traditions around gifting and wealth preservation. Gold jewelry is central to weddings and family milestones, while bullion coins and bars attract serious investors. Prices are quoted in Saudi Riyal (SAR) and tracked closely by millions of residents and expatriates who view gold as a primary savings vehicle.
Local Market Context
The kingdom's gold souks — particularly in Riyadh's Al-Zal district, Jeddah's Al-Balad, and the Dammam gold market — set the regional retail benchmark. Saudi jewelers typically stock 21K and 18K pieces, with 24K bullion available from licensed dealers. Expatriate workers from South Asia and Southeast Asia drive significant demand for 22K jewelry ahead of remittance seasons.
Taxes & Duties in Saudi Arabia
Saudi Arabia charges no import duty on raw gold, but a 15% VAT (raised from 5% in July 2020) applies to jewelry purchases. Investment-grade bullion (bars and coins) is VAT-exempt under GCC rules. The displayed prices on freshgoldprice.com include the 15% VAT on jewelry; bullion buyers should subtract it when comparing against international spot prices.
Buying Tips for Saudi Arabia
Bargain at the souk — making charges are usually negotiable, especially for larger pieces. Always ask for the gram weight on the receipt and verify the karat stamp (SASO hallmark). Buying during non-peak periods (outside Eid and wedding season) typically yields lower making charges. Certified dealers registered with the Saudi Standards, Metrology and Quality Organization offer the best consumer protection.
Gold as an Investment in Saudi Arabia
Gold bars and coins from SAMI-certified dealers are a tax-efficient store of value in Saudi Arabia due to the VAT exemption on bullion. With SAR pegged to USD at 3.75, currency risk is minimal for USD-based investors. Gold ETFs are available through Tadawul-listed funds for those preferring paper exposure.