Saudi Arabia - Gold, Fuel & Forex Rates

Saudi Arabia Live Gold Rates (SAR/g)
Type	Morning	Afternoon	Yesterday	Change
24 Karat	615.00 SAR	615.00 SAR	615.00 SAR	↔ No change
22 Karat	565.00 SAR	565.00 SAR	565.00 SAR	↔ No change
21 Karat	539.00 SAR	539.00 SAR	539.00 SAR	↔ No change
18 Karat	462.00 SAR	462.00 SAR	462.00 SAR	↔ No change

Type	Current
Super 98	2.88 SAR
Special 95	2.33 SAR
E-Plus 91	2.18 SAR
Diesel	1.79 SAR

Saudi Arabia Financial Rates Today

Saudi Arabia is the world's largest oil exporter and a major force in global gold markets. The Kingdom's gold market is centred in Riyadh's Al-Dhahab district and Jeddah's Al-Balad historic market, where 21K jewellery dominates consumer purchases. Vision 2030 has driven significant reforms to the Kingdom's financial sector, including changes to gold VAT policy.

Fuel prices in Saudi Arabia are set by Saudi Aramco, the world's largest oil company. Despite recent reforms, Saudi Arabia still maintains some of the most affordable fuel prices globally as part of a managed pricing policy. Petrol grades include Super 98, Special 95, E-Plus 91, and Diesel.

The Saudi Riyal (SAR) is pegged to the US Dollar at a fixed rate of 3.75, maintained by the Saudi Arabian Monetary Authority (SAMA). Like the AED, SAR/USD is fixed while other exchange rates fluctuate with global currency movements.

Frequently Asked Questions

Investment gold products (bars and coins) are exempt from Saudi Arabia's 15% VAT. Gold jewellery is subject to 15% VAT. This is a higher VAT rate than UAE (5%), so factor it into your comparison when shopping across the GCC.

Saudi Aramco sets fuel prices in Saudi Arabia. Unlike the UAE's monthly committee system, prices in Saudi Arabia are adjusted less frequently and are influenced by both global oil prices and government policy under Vision 2030 energy reforms.

Yes. The SAR has been fixed at 3.75 per USD since 1986, maintained by the Saudi Arabian Monetary Authority (SAMA). This makes SAR/USD unchanging — exchange rate movements you see are in other currencies against the dollar.

21K gold (87.5% pure) is the most popular grade for jewellery in Saudi Arabia, favoured for traditional Saudi and Gulf-style designs. 24K gold is preferred for investment, and 18K is growing in popularity for contemporary jewellery.

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Saudi Arabia Financial Rates Today

Frequently Asked Questions