Many Saudis and residents are interested in gold prices daily, whether they are planning to buy a wedding chain or looking for a safe investment. Gold in Saudi Arabia remains one of the most followed commodities, especially 21-karat, which is the most in demand in the local market. In this report, we provide you with the latest gold prices today, Sunday, May 24, 2026 (7 Dhu al-Qi’dah 1447 AH) for all karats.
💡 Tip: The gold prices mentioned are for raw gold without manufacturing fees. When purchasing from jewelry stores, approximately 10-50 riyals per gram are added to the price depending on the design and brand.
Today’s Gold Prices in Saudi Arabia — Sunday, May 24, 2026
Gold prices showed noticeable stability today compared to the last trading days, amid calm in global markets. Here are the latest prices in Saudi riyals and US dollars:
| Karat | Purity | Price per Gram (Riyal) | Price per Gram (Dollar) |
|---|---|---|---|
| 24 Karat | 99.9% | 544.01 ر.س | $144.90 |
| 22 Karat | 91.6% | 498.67 ر.س | $132.83 |
| 21 Karat | 87.5% | 476.01 ر.س | $126.79 |
| 18 Karat | 75% | 408.01 ر.س | $108.68 |
The price of a global gold ounce today is approximately $4,507 (16,922 Saudi riyals), while the price of a kilogram of gold is about 544,116 riyals.
Today’s Gold Bar Prices
For investors and savers, here are the gold bar prices (without manufacturing fees):
- 10-gram bar — 5,440 riyals
- 50-gram bar — 27,200 riyals
- 100-gram bar — 54,400 riyals
- 1-kilogram bar — 544,116 riyals
The Difference Between Karats — Which One Suits You?
Each karat has its uses:
- 24 Karat — The purest type of gold (99.9%), suitable for bars and long-term investment. It is not commonly used in jewelry because it is soft and easy to bend.
- 22 Karat — 91.6% purity, popular in the Gulf for gifts and luxury jewelry.
- 21 Karat — The most popular in Saudi Arabia for gold jewelry, rings, and bracelets.
- 18 Karat — 75% purity, usually used in gemstone-studded jewelry because it is stronger and more durable.
Factors Affecting Gold Prices
Gold prices in Saudi Arabia are linked to several global and local factors:
- Global ounce price — The higher the price of gold on the exchange (XAUUSD), the higher the local price.
- Dollar price — The strength of the dollar affects gold inversely. A strong dollar = cheaper gold.
- Supply and demand — Wedding seasons and holidays increase demand and raise local prices.
- Geopolitical tensions — Wars and crises push investors toward gold as a safe haven.
- Manufacturing fees — Vary from
- Add-on to the last one, and added to the price of the raw material at the time of purchase.
Frequently Asked Questions About Gold in Saudi Arabia
Is the price of gold the same in all Saudi cities?
Yes, the price of raw gold is uniform in Riyadh, Jeddah, Dammam, Mecca, and Medina, as well as all other cities, because it is tied to the global market. Minor differences are due to manufacturing fees and the dealer’s profit margin.Do you recommend buying gold now for investment?
Gold is a safe haven for the long term, but it is advisable to monitor prices weekly and choose a time of decline to buy. 24-karat gold (bullion) is best for investment, and 21-karat for jewelry.Is there a tax on buying gold in Saudi Arabia?
Investment gold (bullion and pure gold coins) is exempt from VAT. However, gold jewelry (manufactured gold) is subject to a 15% VAT on manufacturing fees only, not on the price of gold itself.Clarification: The prices mentioned in this article are raw material prices at the time of the update. Prices may vary at the time of actual purchase due to manufacturing fees and the store’s profit margin.
