Gold Price in Saudi Arabia Today
How the gold price in Saudi Arabia (KSA) is set, in riyals per gram for 24K, 22K, 21K and 18K, where to confirm the official rate, and how Saudi gold compares with Dubai once 15% VAT and making charges are counted. The gold price in KSA tracks the same global benchmark as the UAE.
How the gold price in Saudi Arabia (KSA) is set, in riyals per gram for 24K, 22K, 21K and 18K, where to confirm the official rate, and how Saudi gold compares with Dubai once 15% VAT and making charges are counted. The gold price in KSA tracks the same global benchmark as the UAE.
Last updated 2026-11-11 19:24
How the gold price in KSA is set
The gold price in KSA is not set by the government. It is derived from the international spot price, quoted in US dollars per troy ounce, converted into Saudi riyals. Because the riyal is pegged to the US dollar at 3.75 by the Saudi Central Bank (SAMA), the local price moves almost entirely with the global benchmark rather than with currency swings. Retail per-gram rates for 24K, 22K, 21K and 18K are then published by Saudi directory">jewellers and gold shops, who add a making charge on top. The metal value itself is the same reference the UAE uses, which is why the gold price in KSA and the live Dubai gold rate track each other closely.
VAT and investment gold in Saudi Arabia
Saudi Arabia applies 15% VAT, administered by the Zakat, Tax and Customs Authority (ZATCA). This is the single biggest difference from the UAE, where VAT is 5%. Crucially, investment-grade gold of 99.5% purity or higher (bars and coins) is zero-rated for VAT in Saudi Arabia, the same principle the UAE uses, so pure gold carries almost no tax premium while crafted jewellery does. For jewellery the 15% falls on the making charge and margin as well as the metal, which is why many Gulf buyers compare Saudi retail prices against Dubai before a large purchase.
Where to confirm the official rate
Because no state body publishes a single national retail number, confirm the current figure two ways: the global benchmark from the LBMA, and the riyal peg from SAMA, then check a reputable Saudi jeweller for the local making charge. We do not republish a live Saudi price here because we do not operate a licensed Saudi feed; linking you to the authoritative sources is the honest answer. For the live, standardised UAE figure updated through the day, use our gold rate page.
Saudi Arabia vs Dubai: what actually differs
The metal price is effectively identical. What differs is tax and choice: 15% VAT in Saudi Arabia versus 5% in the UAE, and Dubai’s far denser concentration of jewellers competing on making charges in the Deira Gold Souk. For investment-grade bars, both markets zero-rate VAT, so the gap narrows to logistics. For jewellery, the lower UAE VAT and tourist VAT refund often make Dubai modestly cheaper once you are there. Our gold calculator lets you enter weight, karat and making charge to compare an all-in total.
This page is a reference guide, not a live price feed and not financial or investment advice. Gold prices move continuously and vary by shop, karat, making charge and local tax; always confirm the current figure with the official source linked above before you buy or sell.
Frequently asked questions
What is the gold price in KSA today?
The gold price in KSA is quoted in riyals per gram for each karat and tracks the global spot benchmark, since the riyal is pegged to the US dollar. Confirm the current number with the LBMA benchmark and a Saudi jeweller; it moves through the day.
Is gold cheaper in Saudi Arabia or Dubai?
The metal costs the same; Dubai is often modestly cheaper for jewellery because UAE VAT is 5% versus 15% in Saudi Arabia and tourists can reclaim it. Investment bars are VAT zero-rated in both.
Is there VAT on gold in Saudi Arabia?
Yes, 15% VAT administered by ZATCA, but investment-grade gold of 99.5% purity or higher is zero-rated. Jewellery carries the VAT on the making charge and margin.
Sources & references
Every figure and rule on this page is summarised from the official publishers listed below. Each link goes to the primary source — the authority, central bank or market body that actually publishes that data — so you can confirm the current number at source rather than relying on a copy of it.