📈 We continue with you today’s gold prices in Saudi Arabia for Friday, May 29, 2026. Gold globally is close to its all-time highs despite a slight decline over the month, with the price of an ounce recording approximately 4,567 dollars. We present to you the prices of different carats in Saudi Riyal.
Gold prices today in Saudi Arabia — May 29, 2026
Who it concerns: Citizens and residents in the Kingdom of Saudi Arabia
Where it takes place: At licensed gold and jewelry shops across the Kingdom
How much it costs: The prices below refer to the price per gram of 24-carat gold — manufacturing fees and value-added tax (15%) are added upon purchase
Price per ounce: Approximately 17,126 Saudi Riyal
💡 Info: Gold prices change daily according to the global price of the ounce. It is preferable to follow the daily update before purchasing.
Gold prices in Saudi Riyal — Per gram
| Carat | Purity | Price per gram (SAR) | Price per gram (USD) |
|---|---|---|---|
| 24 carat | 99.9% | 551 SAR | $147 |
| 22 carat | 91.6% | 505 SAR | $135 |
| 21 carat | 87.5% | 482 SAR | $129 |
| 18 carat | 75% | 413 SAR | $110 |
Price of ounce and kilo today
| Unit | Price in Saudi Riyal | Price in US Dollars |
|---|---|---|
| Ounce (31.1 grams) | ≈ 17,126 SAR | ≈ $4,567 |
| Kilo of 24-carat gold | ≈ 551,000 SAR | ≈ $146,933 |
Tips before buying gold
- Manufacturing fees: The shop adds manufacturing fees that vary from one place to another — ask about them before purchasing.
- Value-added tax: 15% is added to the price of gold + manufacturing fees (investment gold is exempt from tax).
- Investment gold: Gold bars and gold coins are usually exempt from value-added tax — suitable for savings.
- Selling: When selling, the manufacturing fee is deducted — the shop pays you only the price of raw gold.
- Compare prices: Gold prices vary between shops — it is preferable to compare before purchasing.
Why are gold prices rising globally?
Gold has seen record highs during 2025–2026 due to several factors:
- Inflation: Rising inflation in the US to its highest level in 3 years has driven investors towards gold as a safe haven.
- Interest rates: Expectations of keeping interest rates high from the US Federal Reserve until 2027 — which increases gold’s appeal.
- Geopolitical tensions: The situation in the Middle East and uncertainty are driving demand
Frequently Asked Questions About Gold in Saudi Arabia
Is buying gold a good investment in Saudi Arabia?
Yes, especially raw gold and bullion. Bullion is exempt from VAT (15%) and is easy to store and sell. However, keep in mind that the price of gold changes daily.
What is the tax on gold in Saudi Arabia?
Investment gold (bullion, gold pounds) is exempt from VAT. Processed gold (gold jewelry, jewelry) is subject to a 15% tax on the price + manufacturing cost.
Is the price of gold in Saudi Arabia linked to the global price?
Yes, gold prices in Saudi Arabia are directly affected by the global price of the ounce in dollars. The riyal is pegged to the dollar (3.75 riyals = 1 dollar), so any change in the global price is directly reflected in the local price.
📌 Price source: The prices mentioned are estimated based on the global gold price as of May 29, 2026. Please check with local gold shops for the latest prices including manufacturing costs. — toly.today
