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
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 on Gold 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.
Gold & Silver Price FAQ — Saudi Arabia
- What is the gold price per gram in Saudi Arabia today?
- The current gold price per gram in Saudi Arabia is shown in the gold table above in SAR, sourced from international XAU/USD spot rates converted to local currency.
- Which gold karat is most popular in Saudi Arabia?
- Gold karats vary in popularity across Saudi Arabia. The price is shown in the table above in SAR per gram.
- How are gold karats calculated?
- Pure gold is 24K. Price per gram of each karat = 24K price × (karat ÷ 24). So 18K gold = 75% pure gold.
- What is the silver price per gram in Saudi Arabia today?
- The current silver Fine 999 price per gram in Saudi Arabia is shown in the silver section above in SAR, updated daily from live XAG/USD spot rates.
- What is the difference between Fine 999 and Sterling 925 silver?
- Fine 999 silver is 99.9% pure and is the standard for investment bars and bullion. Sterling 925 is 92.5% silver alloyed with copper, widely used for jewelry and silverware.
- Does the gold price in Saudi Arabia include VAT?
- Yes. Saudi Arabia charges 15% VAT on gold jewellery — already factored into the price above.
- Why does the SAR gold price move in step with USD?
- The SAR is pegged to the US dollar at 3.75 SAR/USD, maintained by SAMA since 1986. Because the FX rate is fixed, local gold price movements mirror XAU/USD spot changes directly.
- What karat of gold is most popular in Saudi Arabia?
- 21K gold dominates Saudi retail jewelry markets, prized for its balance of purity and durability. 18K is common in modern fashion pieces, while 24K is preferred for investment bars and coins.
- Is gold VAT-exempt in Saudi Arabia?
- Investment-grade gold bullion (bars and coins meeting fineness thresholds) is VAT-exempt. Jewelry, however, carries 15% VAT applied to both the gold value and the making charge.
- How does the SAR-USD peg affect gold prices?
- Since the Saudi Riyal is fixed at 3.75 per USD, gold prices in SAR move in near-perfect lockstep with international USD spot prices. There is no additional currency-risk premium embedded in the local price.