Gold Price in Saudi Arabia (SAR)
What gold actually costs in Saudi Arabia
Real dealer prices — not spot converted to SAR — with the premium over international spot as a first-class field.
Saudi Arabia dealer gold prices are tracked from 4 sources, priced in SAR, with the premium over international spot computed per quote.
Dealer quotes
| Source | Brand | Product | Sell | Buyback | Premium |
|---|---|---|---|---|---|
| goldrateinksa_sa | — | retail 18k | 376.00 | — | — |
| goldrateinksa_sa | — | retail 21k | 438.66 | — | — |
| goldrateinksa_sa | — | retail 22k | 459.22 | — | — |
| goldrateinksa_sa | — | retail 24k | 501.33 | — | — |
What is premium over spot?
Premium over spot is the percentage gap between a dealer's quoted sell price and the international spot price, converted to SARat the live exchange rate. It captures dealer margin, import costs, refining, and local demand — the reason two dealers in the same city can quote different prices for the same purity of gold. A higher premium means you're paying more above the raw metal value; this API surfaces it as a first-class field (premium_over_spot_bps) for every quote instead of leaving buyers to compute it themselves.
Gold in Saudi Arabia
Saudi Arabia is among the world's top per-capita gold consumers, with retail demand concentrated in the 21K and 22K jewellery standards common across the Gulf. Official carat-level retail rates are published domestically (gold.sa) yet had zero self-serve API coverage before this feed — the same greenfield gap the demand-signal research found for the UAE.
Convention: Karat ladder (24K/22K/21K/18K) quoted per gram, following Gulf retail convention.
Other countries
Frequently asked
Which karats are quoted for Saudi gold?
The standard Gulf retail ladder: 24K, 22K, 21K, and 18K, each quoted per gram in Saudi riyal.Why is 21K prominent in Saudi Arabia?
21-karat gold is the dominant jewellery purity across much of the Gulf and Levant, balancing durability for daily wear with high gold content (87.5%).