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🇸🇦 Silver Price Today in Saudi Arabia | ر.س272.93
Live silver price in Saudi Riyal (SAR) — updated every minute
Last updated: May 4, 2026, 01:01 PM ET
Per Gram (SAR)
ر.س8.7747
Per Troy Oz (SAR)
ر.س272.93
Per Kg (SAR)
ر.س8,775
USD/Silver Spot
$72.78/oz
USD/SAR Rate
1 USD = 3.75 SAR
Gold/Silver Ratio
62.0:1
Silver Market in Saudi Arabia
Saudi Arabia is the largest silver jewellery market in the Arab world, with the kingdom's silver market valued in the tens of billions of riyals annually. The Saudi Riyal is pegged to the USD at 3.75, making silver prices in SAR extremely stable relative to USD movements. Saudi Arabia holds approximately 323 tonnes in official silver reserves.
Why do people in Saudi Arabia invest in silver?
silver jewellery is central to Saudi wedding traditions and is given as mahr (dowry) from grooms to brides. Investment silver (bars and coins) is gaining popularity among younger Saudis. The fixed SAR/USD peg means silver price movements in riyals directly mirror USD silver price movements, with no currency risk for Saudi holders.
Frequently Asked Questions — Silver in Saudi Arabia
What is the silver price today in Saudi Arabia in riyals?
Saudi silver prices in SAR are highly predictable due to the fixed 3.75 SAR/USD peg. If silver is $4,500 USD/oz, the price in riyals is simply $4,500 × 3.75 = SAR 16,875/oz.
What karat silver is sold in Saudi Arabia?
21K and 22K silver 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 silver purity through the Saudi Standards, Metrology and Quality Organization (SASO).
Is silver taxed in Saudi Arabia?
Saudi Arabia introduced VAT of 15% in 2020. silver jewellery is subject to the full 15% VAT. Investment silver (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 silver in Saudi Arabia?
Riyadh's Al Masmak silver 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 silver investment accounts.