Gold Price in Saudi Arabia (SAR)

// Frequently asked

• Why does the gold price in Saudi Arabia not change with currency fluctuations?

  The Saudi Riyal has been pegged to the US Dollar at a fixed rate of 3.75 SAR/USD since 1986, maintained by the Saudi Arabian Monetary Authority (SAMA). Because international gold is priced in USD, any SAR gold price you see moves entirely with the global USD spot — there is no additional FX volatility layer for Saudi buyers.
• Which gold karat is most common in Saudi Arabia?

  21-karat gold (875 hallmark, 87.5% pure) is the dominant standard for jewellery in Saudi Arabia and across the Gulf. 24K investment bars and coins are also widely held. 22K and 18K jewellery pieces are available but less prevalent in traditional souks.
• How do I calculate Zakat on gold?

  Zakat becomes obligatory once you have held gold for a full lunar year above the nisab threshold — currently 85 grams of pure (24K) gold. The rate is 2.5% of the total market value of your gold holdings. For example, if you hold 100 grams of 24K gold currently valued at ﷼240/gram, the zakat due is 0.025 × ﷼24,000 = ﷼600. Use the live 24K SAR price on this page as your valuation basis.
• Is gold subject to VAT in Saudi Arabia?

  Investment-grade gold (bars and coins of 99% purity or higher) is zero-rated for VAT under Saudi regulations. Gold jewellery, however, is subject to the standard 15% VAT introduced in 2020. When buying from a souk, confirm whether the quoted price includes VAT.
• Where are the main gold markets in Saudi Arabia?

  The two most prominent gold markets are the Tiba Gold Market in Riyadh (one of the Kingdom's largest souk complexes) and the Jeddah Gold Souk in the historic Al-Balad district. Both offer 21K jewellery at prices closely tracking the daily spot rate, with a making-charge added on top.
• How is the SAR gold price converted from the international USD spot?

  Multiply the international troy-ounce spot price (USD) by 3.75 to get SAR per troy ounce, then divide by 31.1035 to get SAR per gram. Because the peg is fixed, this conversion is stable — your only variable is the underlying USD/troy-oz market.
• Is gold a good investment in Saudi Arabia given Vision 2030?

  Gold remains a core savings and wealth-preservation asset for Saudi households, independent of broader equity or real-estate cycles. Vision 2030's financial reforms have expanded access to gold ETFs and certificates via the Saudi Exchange (Tadawul), giving retail investors more routes beyond physical ownership. As with any asset, price risk is entirely driven by global USD spot movements.
• Can I get the live Saudi Arabia gold price via API?

  Yes. Send a GET request to https://api.goldprice.dev/v1/prices?symbol=XAU-SAR-SPOT — the free tier includes 1,000 calls/month. The MCP tool get_spot_price also works directly in Claude Desktop and Cursor. Because SAR is USD-pegged at 3.75, the price is derived from the USD spot converted at that fixed rate.

// Other currencies