Home / Gold Price / Saudi Arabia
🇸🇦 Gold Price Today in Saudi Arabia | ر.س16,923
Live gold price in Saudi Riyal (SAR) — updated every 5 minutes
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (SAR)
ر.س544.10
Per Troy Oz (SAR)
ر.س16,923
Per Kg (SAR)
ر.س544,101
USD/Gold Spot
$4,512.92/oz
USD/SAR Rate
1 USD = 3.75 SAR
SAR per gram
ر.س544.10
Gold Market in Saudi Arabia
Saudi Arabia is the largest gold jewellery market in the Arab world, with the kingdom's gold market valued in the tens of billions of riyals annually. The Saudi Riyal is pegged to the USD at 3.75, making gold prices in SAR extremely stable relative to USD movements. Saudi Arabia holds approximately 323 tonnes in official gold reserves.
Why do people in Saudi Arabia buy gold?
Gold jewellery is central to Saudi wedding traditions and is given as mahr (dowry) from grooms to brides. Investment gold (bars and coins) is gaining popularity among younger Saudis. The fixed SAR/USD peg means gold price movements in riyals directly mirror USD gold price movements, with no currency risk for Saudi holders.
Frequently Asked Questions — Gold in Saudi Arabia
What is the gold price today in Saudi Arabia in riyals?
Saudi gold prices in SAR are highly predictable due to the fixed 3.75 SAR/USD peg. If gold is $4,500 USD/oz, the price in riyals is simply $4,500 × 3.75 = SAR 16,875/oz.
What karat gold is sold in Saudi Arabia?
21K and 22K gold are the most common in Saudi jewellery markets. 24K bars and coins are available from major jewellers and banks. The Kingdom of Saudi Arabia regulates gold purity through the Saudi Standards, Metrology and Quality Organization (SASO).
Is gold taxed in Saudi Arabia?
Saudi Arabia introduced VAT of 15% in 2020. Gold jewellery is subject to the full 15% VAT. Investment gold (bars/coins meeting investment criteria) may benefit from a reduced or zero VAT rate — check current rules with your dealer.
Where are the best places to buy gold in Saudi Arabia?
Riyadh's Al Masmak gold souk and Jeddah's Al Balad market are the most famous. L'azurde, Damas, and regional chains also operate throughout the kingdom. Alrajhi Bank and Al-Ahli Bank offer gold investment accounts.