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Gold Price for Jewellers in Saudi Arabia

Trade metal values in Saudi Arabia per gram (Oct 24, 2026 · 12:00 AM AST): 24K SAR 481.52, 22K SAR 441.52, 21K SAR 421.76, 18K SAR 361.51; sterling silver SAR 6.02; platinum 950 SAR 178.04. International spot converted to SAR, before tax and margins.

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Trade price board · SAR

Market closed · last price
The last column shows what you would pay per gram.
Metal1 gram1 troy ounce1 kiloYou pay / gram
Gold 24K999 SAR 481.52SAR 14,977SAR 481,525 SAR 409.30
Gold 22K916 SAR 441.52SAR 13,733SAR 441,518 SAR 375.29
Gold 21K875 SAR 421.76SAR 13,118SAR 421,756 SAR 358.49
Gold 18K750 SAR 361.51SAR 11,244SAR 361,505 SAR 307.28
Fine silver999 SAR 6.50SAR 202.06SAR 6,496.43 SAR 5.52
Sterling silver925 SAR 6.02SAR 187.09SAR 6,015.21 SAR 5.11
Platinum950 SAR 178.04SAR 5,537.80SAR 178,044 SAR 151.34
Fine platinum999 SAR 187.23SAR 5,823.43SAR 187,228 SAR 159.14
Palladium950 SAR 119.92SAR 3,730.03SAR 119,923 SAR 101.93
Melt values: international spot × purity × weight, converted at the live SAR rate (Oct 24, 2026 · 12:00 AM AST). They exclude VAT/GST, duties, refining and dealer margins. Your setting of the scrap column stays on this device only.

Alloy calculator

karat in, karat out
Fine gold in the piece = weight × karat ÷ 24. Going down in karat, add alloy (copper, silver, zinc, palladium for white gold); going up, add fine gold. Weights only — melting losses not included.

Piece price builder

metal + making + stones + tax
Uses today's melt value. Enter your own making charge, markup and tax rate; nothing you type is sent anywhere.

Daily gold rates per gram · last 15 trading days

SAR, daily close
Date24K22K21K18K
Fri 23 Oct 2026SAR 483.30SAR 443.14SAR 423.31SAR 362.84
Thu 22 Oct 2026SAR 473.18SAR 433.87SAR 414.45SAR 355.24
Wed 21 Oct 2026SAR 486.78SAR 446.34SAR 426.36SAR 365.45
Tue 20 Oct 2026SAR 485.21SAR 444.90SAR 424.98SAR 364.27
Mon 19 Oct 2026SAR 485.87SAR 445.50SAR 425.56SAR 364.77
Fri 16 Oct 2026SAR 488.27SAR 447.70SAR 427.66SAR 366.57
Thu 15 Oct 2026SAR 486.65SAR 446.22SAR 426.24SAR 365.35
Wed 14 Oct 2026SAR 480.47SAR 440.55SAR 420.83SAR 360.72
Tue 13 Oct 2026SAR 488.33SAR 447.76SAR 427.72SAR 366.62
Mon 12 Oct 2026SAR 489.89SAR 449.19SAR 429.08SAR 367.79
Fri 9 Oct 2026SAR 492.76SAR 451.82SAR 431.60SAR 369.94
Thu 8 Oct 2026SAR 485.65SAR 445.31SAR 425.37SAR 364.61
Wed 7 Oct 2026SAR 482.89SAR 442.77SAR 422.95SAR 362.53
Tue 6 Oct 2026SAR 488.16SAR 447.60SAR 427.57SAR 366.49
Mon 5 Oct 2026SAR 484.63SAR 444.37SAR 424.48SAR 363.84
Gold futures daily close converted at that day's exchange rate. For longer history see gold price in Saudi Arabia by year and the gold price history.

Rules for Jewellers in Saudi Arabia

Reviewed October 2026. Check the sources for the latest rules before acting on them.

Making charges and pricing

Saudi jewellery is priced by weight: the day's gram rate for the karat, plus a making charge quoted per gram or per piece, plus 15% VAT on the total. Since 11 October 2025, any advertisement for precious metals or gemstones must state the type, weight, purity and price of each item. Gem-set jewellery must carry an identification tag.

Hallmarking and purity marks

Under the Law of Precious Metals and Gemstones, precious-metal items may not be sold, displayed or held for sale unless they are stamped with the official mark and a purity from the legal standards set by the Ministry of Commerce. Traders, manufacturers and importers must also apply a registered trademark. Foreign stamps on imported pieces are accepted if they show the actual fineness and it matches a legal standard.

Amendments in force since 11 October 2025 made three main changes. The Ministry of Industry and Mineral Resources now licenses manufacturing, while the Ministry of Commerce supervises trade and retail. The previous tolerance that let pieces fall below their stated karat was removed. Used jewellery must be displayed in a separate area of the shop.

Tax on sales and scrap

Gold jewellery carries 15% VAT on the full price, including making charges. Investment gold of 99% purity or more, in bars, ingots and qualifying coins, is zero-rated. A private individual selling you old gold is not making a taxable supply, so no VAT is charged. Since October 2025, however, a shop buying from an individual must issue a special invoice recording the seller's name, ID number and nationality.

Customer checks and reporting

The Ministry of Commerce supervises dealers in precious metals and gemstones under the Anti-Money Laundering Law. In October 2026 it confirmed that cash purchases or sales of SAR 50,000 or more require identity verification, customer due diligence and record keeping. This applies whether the amount is paid in one transaction or in several that appear linked. Due diligence is also needed at any amount when there is suspicion, and suspicious transactions must be reported to the General Directorate of Financial Investigation. Each branch must display a notice explaining the ID requirement.

Manufacturing requires an industrial licence from the Ministry of Industry and Mineral Resources. Repair, cleaning, plating and polishing must be listed in the business's commercial registration.

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Free Price Tools for Your Website

Show live prices and a scrap calculator on your own site: free for jewellers and dealers, no sign-up. Copy the code into your website; please keep the small "by Corgano" link.

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Live price ticker

Gold and silver prices in SAR, updated every minute.

Gold price chart

One year of gold prices per gram in SAR, with today's price on top.

Scrap gold calculator

Customers weigh their gold and see what you pay: set your own % of melt value.

Jewellery price calculator

Customers price a piece: gold rate for the karat, your making charges, stones and VAT.

Jewellers in Saudi Arabia: FAQ

What is the scrap gold price per gram in Saudi Arabia today?

The melt value of gold today is about SAR 481.52 per gram for 24K, SAR 441.52 per gram for 22K, SAR 421.76 per gram for 21K, SAR 361.51 per gram for 18K, at the international spot price converted to SAR (Oct 24, 2026 · 12:00 AM AST). Buyers of scrap pay a percentage of this melt value to cover refining, assaying and their margin; use the scrap column on this page to work out your own buying price.

How do Saudi jewellers calculate the value of old gold?

Weigh the piece, confirm its karat, and multiply the weight by its purity (0.875 for 21K, 0.750 for 18K) to get the pure gold content. Then value that at the day's gram price. When buying from an individual, you must issue a special invoice with the seller's name, ID number and nationality.

Is VAT charged when a jeweller buys old gold from a customer?

No, not from a private individual. VAT at 15% is charged when jewellery is sold. Investment gold of 99%+ purity is zero-rated.

Must gold jewellery be stamped in Saudi Arabia?

Yes. Items may not be sold or displayed for sale unless they carry the official mark and a legal purity standard, and since October 2025 the old karat tolerance no longer applies.

What ID checks apply to cash sales over SAR 50,000?

Cash purchases or sales of SAR 50,000 or more, single or linked, require you to verify the customer's ID, carry out due diligence and keep records. Suspicious transactions must be reported whatever the amount.

Sources: Ministry of Commerce: precious metals regulations (Oct 2025) · Ministry of Commerce: draft implementing regulations (Aug 2025) · Okaz: SAR 50,000 cash due-diligence rule (Oct 2026) · Saudipedia: Law of Precious Metals and Gemstones. Information, not legal or tax advice. See also: gold price in Saudi Arabia · gold jewellery price calculator · other countries.