Gold Rate in Saudi Arabia Today

Date	24K (SAR/g)	22K (SAR/g)	21K (SAR/g)	18K (SAR/g)
29 Apr 2026	564.00	515.00	492.00	421.00
30 Apr 2026	574.00	524.00	500.00	429.00
01 May 2026	578.00	528.00	504.00	432.00
02 May 2026	573.00	523.00	499.00	428.00
03 May 2026	573.00	523.00	499.00	428.00
04 May 2026	560.00	512.00	489.00	419.00
05 May 2026	569.00	520.00	496.00	425.00

Saudi Arabia's gold prices are derived from international spot prices (LBMA) converted to SAR at the pegged 3.75 rate. Unlike the UAE which has a central authority (DGJG) publishing official rates, Saudi gold prices are set by local market consensus across major retail centres in Riyadh, Jeddah, and Makkah.

The most popular gold grade in Saudi Arabia is 21K (87.5% pure), which dominates the jewellery market and is used in traditional Saudi bridal sets (known as "shabka"). 24K gold is preferred for investment bars and Wafer Gold products. 22K is popular among South Asian expatriates, who make up a large segment of Saudi's 15 million expatriate population.

An important consideration for gold buyers: Saudi Arabia has a 15% VAT on gold jewellery (one of the highest VAT rates on gold in the GCC). Investment gold bars and coins are VAT-exempt. When budgeting for jewellery, add 15% to the metal value plus making charges, which typically range from SAR 12–25 per gram depending on design.

Frequently Asked Questions

The base gold price (per gram of metal) is similar in both countries as it tracks the same international spot rate. However, the key difference is VAT: UAE charges 5% VAT on jewellery while Saudi Arabia charges 15%. For investment gold, both countries are VAT-exempt, so prices are comparable.

21K (87.5% pure) is the most popular for traditional Saudi jewellery, especially bridal sets. South Asian expats prefer 22K. For investment purposes, 24K bars and coins are the standard. 18K is growing in popularity for contemporary European-style pieces.

Riyadh's Al-Dhahab district in the Al-Batha area is the capital's main gold market. Jeddah's Al-Balad (old town UNESCO site) has historic gold shops. Makkah and Madinah have large gold souks catering to Hajj and Umrah pilgrims.

Like all global gold markets, Saudi prices can change multiple times per day as they track international spot prices. DailyRates updates Saudi gold prices once daily using data from local gold market consensus.

Gold Rate in Saudi Arabia Today — May 5, 2026

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