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The global gold price is $3,965.14 per troy ounce, which equals 477.58 SAR per gram of 24 karat gold in Saudi Arabia, 418.30 SAR for 21 karat and 358.54 SAR for 18 karat, a change of ▲ 0.62% versus previous close. Full history since 1960
above …% of the last 24 months · Change: …
High: … · Low: …| Metal | Month average | vs previous month | vs a year ago | Year to date | 5 years | 12 month range |
|---|---|---|---|---|---|---|
| Gold 24K SAR/g | 520.72 | ▼ 2.1% | ▲ 17.7% | ▲ 0.2% | ▲ 143.3% | 489.25 to 605.24 |
| Silver SAR/g | 7.789 | ▼ 1.2% | ▲ 50.9% | ▲ 3.7% | ▲ 178.5% | 5.956 to 11.104 |
| Copper SAR/kg | 54.28 | ▲ 1.0% | ▲ 45.0% | ▲ 22.8% | ▲ 55.2% | 40.28 to 54.28 |
Monthly averages from World Bank commodity price data, converted to riyals at the exchange rate of each period. Percentages compare the matching month.
| Karat | Purity | Hallmark | Per gram | Per 10 grams | Common use |
|---|---|---|---|---|---|
| Karat 24 | 99.9% | 999 | 477.58 SAR | 4,775.80 SAR | Bullion bars and coins, zero-rated for VAT |
| Karat 22 | 91.6% | 916 | 437.90 SAR | 4,379.01 SAR | Some gold coins and Indian and Gulf jewelry |
| Karat 21 | 87.5% | 875 | 418.30 SAR | 4,183.01 SAR | The most common jewelry karat in Saudi Arabia and the Gulf |
| Karat 18 | 75.0% | 750 | 358.54 SAR | 3,585.43 SAR | Diamond jewelry, brands and watches |
| Karat 14 | 58.5% | 585 | 279.66 SAR | 2,796.64 SAR | Light and imported jewelry, rare locally |
The shop gives you three numbers: weight, karat and final price. Enter them to split the invoice at today's price: raw gold value, VAT, and what you paid per gram in making charges.
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Latest moves in the global gold market and their effect on the Saudi price
Spot gold is higher this session as the US dollar index slips, pushing the 24K gram price higher in Riyadh.
LocalInvestment bars and coins at 99% purity or more remain zero rated under Saudi VAT, with jewelry still at 15%.
AnalysisWhere today's price sits in the long run and what moved the market since the peak.
The live price is at the top of the home page in riyals per gram. It is the raw metal price derived from the global price at 3.75 riyals per dollar. Shop prices add making charges and VAT.
Multiply the 24K gram price by the purity: 22K × 0.916, 21K × 0.875, 18K × 0.75, 14K × 0.585. If 24K is 400 riyals per gram, 21K is 350.
Because the price here is raw gold only. The shop adds a making charge that varies by design, then 15% VAT on the total for jewelry. When you sell, the reverse happens and the shop pays below the raw price.
It depends on the type. Investment gold of 99% purity or higher is zero-rated. Jewelry of 21K, 18K or any purity below 99% carries 15% VAT when bought from a registered business. Check ZATCA for details.
Investment gold is bars and coins of 99% purity or higher, bought at a small premium and sold at a small discount, zero-rated for VAT. Jewelry carries a making charge and 15% VAT that are not recovered on sale. Bars suit saving, jewelry suits wearing.
The riyal has been pegged to the US dollar at 3.75 since 1986. Gold is priced in dollars, so a 1% move in dollars is a 1% move in riyals at the same moment.