Buying gold in Riyadh
Riyadh jewellers quote gold in riyals per gram, and 21K is the karat most people buy. With the riyal pegged at 3.75 to the dollar, the Riyadh price follows international spot almost exactly.
The prices on this page are Saudi Arabia's spot-based rate in SAR: there is no separate exchange price for Riyadh. Taxes and duties are explained on the gold price in Saudi Arabia page.
Where Riyadh buys gold
The traditional gold souqs of Deerah near Al-Masmak and Taiba are the best-known markets; mall chains sell at fixed making charges, while souq making charges are often negotiable.
Why the shop price is higher
Jewellery carries 15% VAT on the full price, and shops add a making charge per gram. Investment bars and coins of 99%+ purity are generally zero-rated.
Tax and duty information last reviewed October 2026. Rules change — confirm with your dealer or tax authority before a large purchase.