Gold Price Today in Saudi Arabia - Live 22K & 24K Rates (October 2025)

The current gold price in Saudi Arabia stands at ﷼479.61 per gram for 22 karat gold and ﷼523.21 per gram for 24 karat gold as of October 17, 2025. Gold prices in Saudi Arabia are updated hourly based on international spot prices from the London Bullion Market Association (LBMA). Whether you're buying gold jewelry for a wedding, making Hajj/Umrah purchases, investing in gold bars, or shopping in Riyadh or Jeddah gold souks, understanding today's gold rates across different Saudi cities is essential for making informed financial decisions.

This comprehensive guide provides live gold prices for 3 major Saudi cities, explains the 15% VAT impact on gold purchases, and offers insights into factors affecting gold rates today. We'll also help you understand the difference between 24K, 22K, and 18K gold prices and provide practical tips on calculating the total cost of gold jewelry including making charges and VAT in Riyadh, Jeddah, and Dammam.

Gold Rate Today in Top 3 Saudi Cities

Gold prices vary slightly across different Saudi cities due to factors like local demand, transportation costs, and market competition. Riyadh typically has competitive gold prices as the capital and major trading hub. Here are today's gold rates in major Saudi cities:

Note: Gold prices are updated hourly based on international spot rates and LBMA benchmarks. Prices include 15% VAT as per Saudi regulations. For live prices with our FREE Jewelry Purchase Cost Calculator, visit our Gold Price Tool.

Understanding 24K, 22K, and 18K Gold Prices in Saudi Arabia

Gold purity is measured in karats (K), with 24K being the purest form. Understanding the difference between these purity levels is crucial when buying gold jewelry or coins in Saudi Arabia's traditional gold souks.

24 Karat Gold (99.9% Pure)

Current Price: ﷼523.21 per gram (including 15% VAT)

Purity: 99.9% pure gold

Common Uses: Gold coins, bars, and investment purposes. 24K gold is too soft for regular jewelry as it bends easily.

Characteristics: Bright yellow color, maximum resale value, preferred by investors and banks. Popular for Hajj/Umrah investment purchases.

22 Karat Gold (91.6% Pure) - Most Popular in Saudi Arabia

Current Price: ﷼479.61 per gram (including 15% VAT)

Purity: 91.6% gold + 8.4% other metals (copper, silver, zinc)

Common Uses: Wedding jewelry, traditional ornaments, chains, bangles, and rings. The standard choice in Saudi gold markets.

Characteristics: Perfect balance of purity and durability, slightly harder than 24K, retains excellent resale value. This is the preferred choice for 75% of Saudi jewelry buyers.

18 Karat Gold (75% Pure)

Current Price: ﷼392.41 per gram (including 15% VAT)

Purity: 75% gold + 25% other metals

Common Uses: Modern jewelry designs, diamond jewelry settings, contemporary ornaments popular in Saudi malls.

Characteristics: More durable and scratch-resistant, allows for intricate designs, lower gold value but stronger metal composition.

Price Per 10 Grams Comparison:

• 24K Gold: ﷼5,232.10 per 10 grams
• 22K Gold: ﷼4,796.10 per 10 grams
• 18K Gold: ﷼3,924.10 per 10 grams

Gold Price Movement in Saudi Arabia - Last 7 Days

Gold prices have shown slight volatility over the past week, influenced by global market conditions and Saudi Riyal's peg to USD (1 USD = 3.75 SAR). Here's how 22K and 24K gold prices have moved in the last seven days:

Weekly Analysis: Gold prices have shown moderate volatility over the past week with an overall upward trend. The average 22K gold price for the week was ﷼479.61 per gram, showing that current prices are above the weekly average. The 24K gold price averaged ﷼523.21 per gram during this period.

Gold Price Forecast for Tomorrow

Based on current market indicators, tomorrow's gold prices in Saudi Arabia are expected to remain stable with a possible marginal increase of 0.10-0.20%. Several factors suggest this trend:

• International Spot Price: Global gold prices showing slight upward momentum
• SAR Stability: Saudi Riyal remains pegged to USD at 3.75
• Market Sentiment: Steady demand from Riyadh and Jeddah gold markets
• LBMA Trends: London Bullion Market showing mild bullish signals

Disclaimer: Gold prices are subject to rapid changes based on global economic conditions, geopolitical events, and market volatility. This forecast is for informational purposes only and should not be considered investment advice. For real-time price updates, visit our Live Gold Price Tracker.

Why Gold Prices Change Daily in Saudi Arabia

Gold prices in Saudi Arabia fluctuate every day—sometimes even multiple times within the same day—due to a complex interplay of international and local factors. Understanding these variables helps you make better decisions about when to buy gold in Riyadh, Jeddah, or Dammam.

International Factors Affecting Gold Prices

1. Global Spot Price (USD/oz)

The international gold spot price, determined by the London Bullion Market Association (LBMA) and COMEX exchanges, is the primary driver of Saudi gold rates. When global gold prices rise in USD per ounce, Saudi prices increase proportionally due to the SAR-USD peg. Currently, international gold is trading around $2,650-$2,700 per troy ounce (31.1 grams).

2. USD Strength and SAR Peg

Since the Saudi Riyal is pegged to the US Dollar at a fixed rate of 3.75 SAR per USD, gold prices in Saudi Arabia directly reflect USD movements against other global currencies. This peg provides pricing stability similar to UAE, making it predictable for investors and removing currency exchange risk.

3. US Federal Reserve Policies

Interest rate decisions by the US Federal Reserve affect gold prices inversely. When the Fed raises interest rates, the dollar strengthens and gold becomes less attractive, leading to lower prices. Conversely, rate cuts or dovish monetary policy typically boost gold prices globally, including in Saudi Arabia.

4. Geopolitical Tensions

Gold is considered a safe-haven asset during times of geopolitical uncertainty. Wars, trade disputes, and political instability drive investors toward gold, pushing prices higher. Recent tensions in the Middle East and ongoing global trade concerns have contributed to elevated gold prices in 2025.

Saudi Arabia-Specific Factors Affecting Gold Prices

1. 15% VAT Implementation (Since 2020)

Saudi Arabia levies a 15% VAT on gold purchases (increased from 5% in 2020). This significantly impacts total jewelry costs compared to UAE's 0% VAT. The VAT is calculated on the final retail price including making charges, making it essential to factor this into purchase decisions.

2. Hajj and Umrah Season Demand

Saudi Arabia's unique position as home to Makkah and Madinah creates seasonal demand spikes during Hajj (June-July) and Umrah periods. Millions of pilgrims purchase gold as gifts or investments, temporarily affecting local market prices in Jeddah and Makkah gold souks.

3. Riyadh Gold Souk and Market Dynamics

Riyadh's traditional gold souk in Al-Thumairi Street and modern gold markets in malls influence pricing through competitive trading. High volumes keep prices efficient, though demand surges during wedding seasons (spring and autumn) can create temporary premiums.

4. Vision 2030 and Economic Diversification

Saudi Arabia's Vision 2030 economic transformation has increased domestic wealth and investment appetite, including for gold. Growing middle class and increased women's workforce participation have boosted gold jewelry demand, particularly for modern designs.

5. Regional Gold Trade Hub Status

Saudi Arabia serves as a significant gold trading hub for the GCC region, with substantial wholesale activity in Riyadh and Jeddah. This commercial activity influences retail pricing, though 15% VAT keeps prices higher than Dubai despite similar base rates.

Total Cost of Buying Gold Jewelry Today in Saudi Arabia

When purchasing gold jewelry in Saudi Arabia, the final price you pay includes several components beyond just the gold rate per gram. Understanding the complete cost structure, especially the 15% VAT impact, helps you budget accurately and negotiate better with jewelers.

Complete Cost Breakdown: Gold Jewelry Purchase in Saudi Arabia

Let's calculate the total cost of buying a 10-gram gold bracelet (22 karat) today in Riyadh:

Understanding Each Cost Component

1. Making Charges (varies: ﷼35-90 per gram)

Making charges compensate the jeweler for craftsmanship, labor, and artistry. Rates in Saudi Arabia vary based on design complexity:

• Simple designs: ﷼35-50/gram (plain chains, simple bangles)
• Medium designs: ﷼45-70/gram (carved rings, structured bracelets)
• Heavy/intricate designs: ﷼70-90/gram (elaborate necklaces, traditional Arabic jewelry)

2. Wastage (typically 4-8%)

Wastage accounts for gold lost during the manufacturing process (melting, casting, polishing). In Saudi Arabia, wastage is moderate (4-8%) compared to India (8-12%) but higher than UAE (3-5%). Some jewelers include wastage in making charges, while others charge it separately. Always clarify before purchase.

3. VAT (Value Added Tax) - 15%

Saudi Arabia's Major Cost Factor: 15% VAT on entire purchase!

• 15% VAT: Applied on gold value + making charges + wastage
• Calculation: Subtotal × 15% = Total VAT
• Non-refundable: Unlike UAE, tourists cannot claim VAT refund on gold

Saudi Arabia vs UAE vs India: Cost Comparison

Key Insight: While base gold rates are similar across GCC, Saudi Arabia's 15% VAT makes total jewelry cost approximately 5-8% higher than UAE. For the same 10-gram bracelet, you'd pay about ﷼250-400 less in Dubai. However, Saudi prices remain competitive for residents due to convenience and cultural preferences.

Want to calculate the exact cost for your jewelry purchase? Use our FREE Jewelry Purchase Cost Calculator with live gold prices, customizable making charges, wastage percentages, and automatic 15% VAT calculation!

Is Today a Good Day to Buy Gold in Saudi Arabia?

Deciding whether to buy gold today depends on multiple factors including your purpose (jewelry vs investment), price trends, and market conditions. Here's a comprehensive analysis to help you make an informed decision.

Current Market Conditions (October 17, 2025)

• Price Trend: Increasing (+1.61% from yesterday)
• Weekly Average: Current price is 1.4% above weekly average
• Market Sentiment: Moderately bullish due to global uncertainties
• Recommendation: WAIT if possible - Prices elevated; consider buying on dips below ﷼475/gram for 22K

When to Buy Gold: Strategic Timing in Saudi Arabia

Best Times to Buy Gold in Saudi Arabia:

1. Price Dips Below Weekly Average

When 22K gold falls below ﷼475/gram, it's generally considered a good buying opportunity. Monitor prices for 2-3 days to identify genuine dips versus temporary fluctuations.

2. Ramadan Sales and Offers

>While demand is high during Ramadan (March-October 2025), many jewelers offer special discounts, flexible payment plans, and reduced making charges. This can offset the 15% VAT impact.

3. National Day Promotions (September 23)

Saudi National Day sees retailers offering special gold promotions. Many Riyadh and Jeddah jewelers participate with attractive offers and waived making charges for select designs.

4. Post-Hajj Season (August-September)

After the Hajj rush subsides, demand decreases temporarily, leading to promotional offers in major gold souks. This can be a strategic window for investment purchases.

5. When SAR-USD Peg Remains Stable

The SAR is pegged at 3.75 to USD, providing price stability. If global gold prices dip while the peg holds, it's an optimal buying time as local prices will reflect the international decrease directly.

Gold Investment Options in Saudi Arabia

Beyond physical jewelry, Saudi residents have multiple options for gold investment, each with unique advantages suited to different financial goals.

1. Physical Gold (Coins, Bars, Jewelry)

Pros: Tangible asset, cultural value, no investment account needed, accepted for Zakat calculation

Cons: 15% VAT cost, storage concerns, making charges for jewelry

Best For: Traditional buyers, gifts, Hajj purchases, diversification

Current 24K Coin Price: ﷼523.21 per gram (includes 15% VAT)

Where to Buy: Riyadh Gold Souk (Al-Thumairi Street), Jeddah gold market, authorized dealers, banks

2. Gold ETFs and Mutual Funds

Pros: Tadawul (Saudi stock exchange) liquidity, no storage, transparent pricing, lower costs than physical

Cons: Brokerage account required, annual management fees (0.5-1%), no physical possession

Best For: Stock market investors, frequent traders, portfolio rebalancing

Available Options: International gold ETFs through Saudi brokers, Shariah-compliant gold funds

3. Gold Savings Schemes

Pros: Monthly installment flexibility, discounted making charges after completion, interest-free (Shariah-compliant)

Cons: 11-12 month commitment, 15% VAT still applicable on final purchase

Best For: Planned wedding purchases, systematic savers

Popular Schemes: L'azurde, Malabar Gold, Mouawad schemes (check for Shariah compliance)

4. Gold Accounts with Banks

Pros: Secure storage, professional management, conversion to physical gold possible

Cons: Annual fees, minimum balance requirements, less flexibility

Best For: High-net-worth investors, long-term holding

Availability: Select Saudi banks offer gold investment accounts (check with Al Rajhi Bank, Riyad Bank)

Zakat Implications on Gold Investment

Important for Muslim Investors:

• Zakat on Gold: 2.5% annually on gold exceeding Nisab (85 grams)
• Calculation: Based on current market value, not purchase price
• Jewelry Exemption: Scholars differ; many exempt jewelry regularly worn
• Investment Gold: Zakat is obligatory on coins, bars held for investment
• Record Keeping: Maintain purchase receipts for accurate Zakat calculation

Riyadh & Jeddah Gold Souks: Shopping Guide

Saudi Arabia's traditional gold markets offer authentic shopping experiences with competitive prices and cultural authenticity.

Riyadh Gold Souk

Location: Al-Thumairi Street, Central Riyadh (near Al-Dirah)

Timings: Saturday-Thursday: 9 AM - 12 PM, 4 PM - 10 PM | Friday: 4 PM - 10 PM

Specialty: Traditional Arabic designs, Saudi heritage jewelry

Jeddah Gold Markets

Location: Al-Balad (Old Town) and Tahlia Street modern shops

Timings: Saturday-Thursday: 9 AM - 12 PM, 4 PM - 11 PM | Friday: 4 PM - 11 PM

Specialty: Mix of traditional and modern, Hajj-themed jewelry

Shopping Tips for Saudi Gold Souks

1. Verify Hallmark: Look for 916 (22K) or 999 (24K) stamps. SASO (Saudi Standards) hallmark is mandatory.
2. Negotiate Making Charges: Base gold rate is fixed, but making charges are negotiable. Aim for ﷼35-50/gram for simple designs.
3. Understand VAT Impact: 15% VAT is non-negotiable and applies to final price. Factor this into your budget from the start.
4. Compare Multiple Shops: Get quotes from 3-4 retailers before deciding. Making charges and designs vary significantly.
5. Ask for Itemized Invoice: Ensure receipt shows gold weight, purity, making charges, wastage, and VAT separately.
6. Time Your Visit: Weekday mornings (9-11 AM) are less crowded, better for detailed discussions.
7. Payment Methods: Cash may offer slight negotiation advantage. Cards accepted universally; check for surcharges.
8. Request Weight Certificate: For investment purchases, get official weight certificate from certified scales.

Hajj & Umrah Gold Buying Guide

For pilgrims visiting Saudi Arabia, gold purchases are popular for gifts and investments. Here's what you need to know:

Best Places for Hajj/Umrah Gold Shopping

• Makkah: Abraj Al Bait Mall, shops near Haram
• Madinah: Al-Noor Mall, shops on King Fahd Road
• Jeddah: Al-Balad traditional market (en route from airport)

Important Considerations for Pilgrims

• Customs Limits: Check your home country's gold import limits before purchasing
• No VAT Refund: Unlike other goods, gold VAT is not refundable for tourists
• Certification: Keep purchase invoice and certification for customs clearance
• Authenticity: Buy from licensed shops with SASO hallmark to ensure quality
• Currency Exchange: Compare if paying in USD/EUR vs SAR; some shops offer discounts for cash SAR

Frequently Asked Questions - Gold Price Today Saudi Arabia

What is the gold price today in Saudi Arabia for 22 karat?

The current 22 karat gold price in Saudi Arabia is ﷼479.61 per gram as of October 17, 2025 (including 15% VAT). For 10 grams, the price is ﷼4,796.10. The 22K gold rate is updated hourly based on international spot prices and LBMA benchmarks. Prices may vary by ﷼0.5-1 per gram across Riyadh, Jeddah, and Dammam due to minor local market differences.

Is 15% VAT applicable on gold purchase in Saudi Arabia?

Yes, Saudi Arabia levies a 15% VAT on all gold purchases (jewelry, coins, and bars). The VAT is calculated on the total amount including base gold price, making charges, and wastage. For example, buying 10g of 22K gold at ﷼392.41/gram (before VAT) with ﷼450 making charges and ﷼251 wastage would have a subtotal of ﷼4,796.10, attracting ﷼733 VAT (15%). Total paid: ﷼5,594.08. Unlike UAE (0% VAT) or tourist refunds in some countries, this VAT is non-refundable.

Why is Saudi gold more expensive than UAE despite similar rates?

Saudi Arabia gold appears more expensive than UAE primarily due to the 15% VAT on all gold purchases. While base gold rates are nearly identical (both follow international LBMA prices with USD peg), Saudi Arabia's ﷼479.61/gram for 22K includes 15% VAT, whereas UAE's د.إ471.53/gram has 0% VAT on gold. For the same jewelry piece, total cost in Saudi Arabia is typically 12-15% higher than Dubai due to VAT alone. Making charges are also slightly higher in Saudi Arabia (﷼35-90/gram vs UAE's د.إ30-60/gram).

What are making charges in Riyadh and Jeddah gold souks?

Making charges in Saudi gold souks typically range from ﷼35 to ﷼90 per gram depending on design complexity and city: (1) Simple designs (plain chains, bangles): ﷼35-50/gram, (2) Medium designs (carved rings, structured bracelets): ﷼45-70/gram, (3) Intricate designs (traditional Arabic jewelry, elaborate necklaces): ﷼70-90/gram. Riyadh and Jeddah have similar rates, though modern mall shops may charge 10-20% more. Making charges are negotiable; compare 3-4 retailers before purchasing.

Can pilgrims (Hajj/Umrah visitors) get VAT refund on gold?

No, pilgrims and tourists cannot claim VAT refund on gold purchases in Saudi Arabia. While the Kingdom offers VAT refund on other goods through the Tax-Free Shopping scheme for tourists, gold and precious metals are explicitly excluded. The 15% VAT on gold is non-refundable regardless of visitor status. However, ensure you keep purchase invoices and certification for customs declaration when entering your home country, as import duties may apply based on your country's regulations.

When is the best time to buy gold in Saudi Arabia?

The best times to buy gold in Saudi Arabia are: (1) When prices dip below ﷼475/gram for 22K (below weekly average is favorable), (2) During Ramadan when jewelers offer special discounts and flexible payment schemes, (3) Saudi National Day (September 23) promotions with reduced making charges, (4) Post-Hajj season (August-September) when demand subsides and promotional offers emerge, (5) When international gold prices show downward correction while SAR-USD peg remains stable at 3.75, ensuring direct price benefits.

How is Zakat calculated on gold investment in Saudi Arabia?

Zakat on gold is calculated at 2.5% annually on gold exceeding the Nisab threshold (85 grams of pure gold or equivalent value). Calculation: (Current market value of gold holdings × 2.5%). For example, if you own 100 grams of 22K gold valued at ﷼48,148 total, Zakat = ﷼48,148 × 2.5% = ﷼1,203.70 annually. Jewelry regularly worn is exempted by many scholars, but investment gold (coins, bars) held for one lunar year is obligatory for Zakat. Consult Islamic scholars for specific rulings and maintain accurate records of purchase dates and values.

What is the difference between 22K and 24K gold in Saudi Arabia?

The main differences between 22K and 24K gold in Saudi Arabia are: Purity - 24K is 99.9% pure gold (hallmark 999) while 22K is 91.6% pure gold (hallmark 916) with 8.4% alloy metals. Price - 24K costs ﷼523.21/gram versus 22K at ﷼479.61/gram (both including 15% VAT; ﷼43.77 difference per gram). Durability - 22K is harder and more suitable for daily-wear jewelry, while 24K is softer and bends easily. Uses - 24K is preferred for investment (coins, bars, Zakat calculations), while 22K is preferred for jewelry in Saudi souks (75% of purchases). Both include 15% VAT in retail prices.

Conclusion: Making Smart Gold Purchase Decisions in Saudi Arabia

Understanding today's gold prices in Saudi Arabia requires more than just checking the rate per gram. With 22 karat gold at ﷼479.61 and 24 karat at ﷼523.21 per gram (including 15% VAT), now represents a moderately elevated buying opportunity as prices show upward momentum. Strategic buyers should consider waiting for dips below ﷼475/gram for better value.

Whether you're shopping in Riyadh or Jeddah gold souks for wedding jewelry, making Hajj/Umrah purchases, or investing for portfolio diversification, being informed about price trends, VAT implications, and the complete cost structure empowers you to make better decisions. Remember to factor in making charges (﷼35-90/gram), wastage (4-8%), and most importantly, the non-refundable 15% VAT when calculating your jewelry purchase budget.

Key Takeaways:

• Gold prices are updated hourly based on international LBMA benchmarks and SAR-USD peg (3.75) stability
• Riyadh offers competitive prices; city variations are minimal (﷼0.5-1/gram)
• 22K gold is preferred for jewelry (91.6% pure); 24K for investment and Zakat calculations (99.9% pure)
• 15% VAT applies to entire purchase (gold + making + wastage) - budget accordingly!
• Total jewelry cost = Base price + Making charges + Wastage + 15% VAT on subtotal
• Dubai offers 12-15% lower total cost due to 0% VAT (consider if purchasing large quantities)
• Ramadan, National Day, and post-Hajj season offer best discounts to offset VAT
• Zakat mandatory at 2.5% annually on investment gold exceeding 85 grams

For live gold price updates with hourly refresh, historical price charts, city-wise comparison, and our FREE Jewelry Purchase Cost Calculator with 15% VAT calculation, visit MarketsHost Gold Price Tool. Track prices across 3 Saudi cities, calculate exact jewelry costs with custom making charges, and stay informed about market trends to time your gold purchases perfectly in Riyadh, Jeddah, or Dammam.

Last Updated: October 17, 2025, 8:00 AM AST | Next Update: Hourly
Data Source: LBMA International Spot Prices, Hourly API Integration
Disclaimer: Gold prices mentioned in this article are indicative and subject to change based on market conditions. The information provided is for educational purposes only and should not be considered as financial or investment advice. Please verify current rates with Riyadh or Jeddah gold souk retailers or visit our live gold price tool before making purchase decisions. MarketsHost is not responsible for any financial decisions made based on this content. VAT rates subject to Saudi government regulations.