Frequently Asked Questions About Gold Price in Saudi Arabia
What is the gold price in Saudi Arabia today?
The gold price in Saudi Arabia today is shown live in the table above in SAR per gram, updated from the international spot gold (XAU/USD) price. The 22K rate is the most commonly used by jewellers for jewellery pricing across Saudi Arabia.
Where can I buy gold in Saudi Arabia?
The main gold shopping areas in Saudi Arabia include Riyadh Gold Market (Al Thumairi Gold Souk), Jeddah Gold Souk near Al Balad, and Deira Street in Dammam. Major chain retailers including Malabar Gold and Diamonds, Joy Alukkas, and Pure Gold have branches across Saudi Arabia. Always check the live rate above before visiting and use the gold price calculator to estimate the final cost including making charges.
How does the Saudi Arabia gold price compare to UAE?
Both Saudi Arabia and the UAE price gold based on the same international XAU/USD benchmark — the difference comes from the local currency exchange rate and each country’s making charges. Use the gold rate in UAE alongside this page to compare the current base rates side by side in AED and SAR.
What is the 22K gold price in Saudi Arabia per gram?
The live 22K gold price in Saudi Arabia per gram in SAR is shown in the rate table at the top of this page. 22K gold is 91.6% pure and is the most popular karat for jewellery across Saudi Arabia and the wider GCC region. Prices update throughout the trading day with international gold markets.
Gold Price in Saudi Arabia Today
Gold Price in Saudi Arabia Today (SAR per gram)
| Karat | Purity | Per Gram (SAR) | Per Tola (SAR) | Per 10g (SAR) | Use |
|---|---|---|---|---|---|
| 24K | 99.9% | 527.93 | 6,157.67 | 5,279.30 | Investment / Bars |
| 22K | 91.6% | 483.95 | 5,644.70 | 4,839.50 | Jewellery (most popular) |
| 21K | 87.5% | 461.94 | 5,387.98 | 4,619.40 | Traditional Jewellery |
| 20K | 83.3% | 439.92 | 5,131.14 | 4,399.20 | Jewellery |
| 18K | 75.0% | 395.95 | 4,618.28 | 3,959.50 | Designer / Affordable |
The gold price in Saudi Arabia today is updated live on this page for 24K, 22K, 21K and 18K gold in SAR per gram, calculated from the international XAU/USD spot price using the live SAR/USD exchange rate. Whether you are shopping at Riyadh Gold Market (Al Thumairi Gold Souk), Jeddah Gold Souk near Al Balad, and Deira Street in Dammam, the base gold rate shown here is the same benchmark referenced by licensed jewellers. For a GCC-wide comparison, check the gold rate in UAE and gold price in Qatar alongside this page. For global gold market data, the Saudi Central Bank (SAMA) publishes daily benchmarks.
Saudi Arabia charges 15% VAT — the highest in the GCC — and this fully applies to gold jewellery. This is a critical difference from UAE’s 5% VAT. On a significant gold jewellery purchase, Saudi Arabia’s 15% VAT versus Dubai’s 5% means a 10% cost difference on the tax alone, making the UAE considerably cheaper for jewellery buyers. Investment gold bars and coins are VAT-exempt in Saudi Arabia, however.
Saudi Arabia’s Gold Souqs: Riyadh, Jeddah, and Dammam
Saudi Arabia’s gold trade is spread across three major cities. Riyadh’s Al-Dakheel Gold Souk in the Al-Batha district is the capital’s traditional gold hub, with hundreds of shops. Jeddah’s Al-Balad historic district has a famous gold souq in the UNESCO-listed old city. Dammam’s Al-Khalidiyah Mall and the Eastern Province’s Al-Khobar city serve the large industrial workforce and are convenient for buyers coming from Bahrain.
Saudi jewellery preferences lean heavily toward 22K Arabic-style gold — elaborate necklaces, bangles, and bridal sets. Italian 18K is gaining popularity in urban centres like Riyadh. Almas Gold, Damas, Chopard, and local brands like Al-Romaizan dominate the market.
Saudi Arabia vs UAE: Which is Cheaper for Gold?
For gold jewellery: UAE wins clearly. The 10% VAT difference (15% KSA vs 5% UAE) more than offsets any making-charge advantages in Saudi markets. For investment bars and coins: both markets are roughly equal after currency conversion, with VAT exempt on both sides. Many Saudi nationals and residents drive or fly to Dubai specifically to buy jewellery — a well-established price arbitrage that’s been running for years.
Compare current rates: Kuwait (no VAT), Bahrain, and Qatar. UAE buyers: check Dubai gold rates today.