Gold Rate in KSA | Latest Rates – 2023

24 Carat Gold Price In KSA:
238.873 (SAR) Per Gram

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Gold rate in KSA (Kingdom of Saudi Arabia) is quoted in the local currency if you are looking to buy or sell gold. It is also possible to obtain quotes in other currencies, such as  U.S. Dollars, Great British Pounds, euros or Japanese Yen.

*these rates are taken from some reliable sources of the industry.

Gold is usually measured in ounces, grams, or kilograms, but there are also other local units of measurement to know the gold rate in KSA.

 The first step to researching gold prices in Saudi Arabia is to identify live gold prices. Below is a table of live gold prices in Saudi Arabia that you can refer to.

Gold Rate In KSA Per Gram, Kilo, Ounce

 In the following table, the gold price is shown in various units (ounce, tola, gram, kilogram, etc.).  

 Keeping an eye on the market will allow you to take advantage of a price spike for selling gold.  

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 We outline the following topics in this guide to help you understand how it flows and what it covers.  

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Keep a Track of Gold Rate in KSA

Price changes should be monitored regularly. Within 3-5 working days, you should consider purchasing if you notice a slight drop in the price.

Whenever you have a question, do not hesitate to contact us. 

This article presents the gold rate for today in Saudi Arabia.

Numerous jewelry shops dot the market, and the rates or pricing they charge for gold vary based on their collections, designs, customer service, and target audiences.

The current KSA Gold rate is important to know whether you’re buying gold jewelry online, investing in gold, or purchasing gold from a physical store.

With Jewells Mark, you get all the information you need about the rates you want. 

Gold Carat rate in KSA

For an idea of gold carat prices, take a look at the below bird’s eye view.

Listed below are the prices per gram, per 10 grams, per Vori, per Aana, and per ounce.

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Gold Measurements

What are the measuring units of Gold?

There are several jewelry shops in Saudi Arabia that sell gold in grams, tolas, sovereigns, pavans, ounces, and kilograms.

1. Tola = 11.66 grams
2. Gram is a basic unit for gold measurement
3. Kilo = 1000 grams
4. Ounce = 28.3495 grams
5. Sovereign (equal to 7.98 grams)
6. Pavan (equal to 8 grams)

Below are the tools to convert one unit of gold weight into another:-

Gold Rate in KSA | Calculator

Any number of gold quantities can be calculated from here

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Buying Gold in Saudi Arabia

Saudi Arabia is renowned for its yellow sparkling metal, and many visitors, including those on religious pilgrimages to the country, undoubtedly end up purchasing it.

Saudi Arabia does not have a sales tax or VAT, and the gold that is locally designed and manufactured is sold at a lower price than in other gold jewelry centers.

 “White” Gold is also frequently used in Saudi Arabian jewelry shops. “Rose” Gold can also be found in jewelry . 

“Green” Gold can also be purchased at jewelry showrooms in Saudi Arabia. The most popular color for gold jewelry in Saudi Arabia is yellow Color jewelry.

Gold Buying Tips

Gold-buying shops will not negotiate on the gold rate, but they will negotiate on the manufacturing, wastage, and premium charges.

If they don’t give you discount, you can look for other sellers who will reduce their margins.

Gold As Investment

Gold mutual funds are an alternative option for those who are hesitant to invest in physical gold but still want exposure.

In order to obtain gold, you can buy gold coins, gold bars, or gold bullions from your bank. 

Gold bars and coins containing 24 karat gold are commonly available in gold shops.They may even be 999.9 pure.

The bullions range in size from 1 gram to a kilogram.

Gold coins or bars are liquid and relatively stable investments, so investors can either hold on to them and take advantage of future increases in gold prices or sell them to make a profit.

Who Decides Gold Rate In KSA

Gold prices in Saudi Arabia are determined by demand and supply factors, as well as the Central Bank’s gold reserves.

Moreover, there are some local associations of jewellers who publish gold quotes in Saudi Riyals, the regional currency. These associations, however, use the international spot gold price as a reference point.  

Gold Carats In KSA

Usually in jewelry, fineness of Gold is expressed by “Carat” (Ct) or “Karat” (Kt or K):

Following are the list of Carats:

• 24 Carat Gold (Pure Gold)
• 23 Carat Gold
• 22 Carat Gold (Standard Gold)
• 21 Carat Gold
• 20 Carat Gold
• 19 Carat Gold
• 18 Carat Gold (To make Hard Jewellery pieces)
• 14 Carat Gold (Uses In Studded Diamond Jewellery)

24 Carat Gold

A bright yellow color characterizes it. The strength of the gold is used to produce coins, gold bars, and gold biscuits.

Since it is in the purest form, it has a higher price compared to all other forms of gold, making it an excellent investment for situations where there is little or no deduction when selling gold.

Despite the fact that gold is a precious metal, it is malleable in its purest form (24 karats). A jewelry of different shapes and sizes is impossible when made from its purest form.

For this reason, metal is added to make it more shaped.

A 24 karat gold piece is the purest form of gold, followed by an 18 karat, a 21 karat, and a 22 karat piece.

It is possible to make alloys with different metal compositions. One example is 21K, where 21 parts of gold are combined with 3 parts of other metals (mainly copper).

Stay tuned for more information as we will post regularly.

23 Carat gold

Foreign jewelry shops sell 23K gold chains, rings, and earrings. Gold in 23K looks gorgeous, and it’s durable.Women looking for high purity jewelry will find it a good choice as it holds its value over time.

The hallmarks on gold jewelry can easily be spotted. Hallmark 958 or 23k serial numbers should be visible on jewelry.

22 carat gold

Because it is not the purest form of gold, it is best for making gold jewellery. Various metals, such as silver, nickel, and others, are mixed to add impurity and strength.

Gold’s content is 22 parts gold and 2 parts impurity when it is divided in portions precisely. Unlike 24 carat gold, this isn’t a bright yellow color, but instead is a slightly tainted yellow.

20 Carat Gold

20K gold contains 83.3% pure gold and rest are impurities to make the gold alloy. Hallmark 833 gold has an equal value to 20-carat gold.

These days, 20 Carat gold is quite rare.

20 carat gold is found in antique jewelry items, such as chains, rings, or earrings.

19 Carat Gold

19 Carat are 79% pure and rest 21% impurities are being added in the gold alloy. Compared to other pieces of jewelry, a 19K gold wedding ring may feel heavy.

18 Carat Gold

Depending on the ratio of impurities added, gold takes on many forms. Approximately 75% of Gold is in 18 carats mixed with 25% impurities.

Stay tuned for more updates, a separate article on 18 Carat Gold rate In KSA will be uploaded soon.

14 Carat Gold

If you are looking for a piece that is timeless and you can wear every day, solid gold is the ideal choice such as 14k gold.

 When 14k gold is combined with other metals, it creates a much stronger metal alloy than 14k gold alone. It is possible for 14K gold to contain silver, nickel, and copper, which is about 58% gold.

14K white gold offers a lot of value for money despite resembling more expensive metals such as platinum.

Historical Prices for All Gold Carats

To make accurate predictions about gold prices, it is best to study historical gold prices thoroughly 

DATE	24k Price (SAR)	22k Price (SAR)	21k Price (SAR)	18k Price (SAR)	14k Price (SAR)
30 May 2023	233.82	214.33	204.57	175.35	136.49
29 May 2023	234.76	215.19	205.39	176.05	137.04
28 May 2023	234.76	215.19	205.39	176.05	137.04
27 May 2023	234.76	215.19	205.39	176.05	137.04
26 May 2023	235.2	215.59	205.77	176.38	137.29
25 May 2023	236.13	216.45	206.59	177.08	137.84
24 May 2023	238.43	218.56	208.6	178.8	139.18
23 May 2023	236.56	216.84	206.96	177.4	138.09
22 May 2023	238.43	218.56	208.6	178.8	139.18
21 May 2023	238.44	218.57	208.61	178.81	139.19
20 May 2023	238.46	218.58	208.63	178.82	139.2
19 May 2023	236.57	216.85	206.97	177.41	138.09
18 May 2023	238.93	219.01	209.04	179.17	139.47
17 May 2023	240.35	220.31	210.28	180.24	140.3
16 May 2023	243.27	222.99	212.84	182.43	142
15 May 2023	243.28	223	212.85	182.44	142.01
14 May 2023	242.77	222.54	212.4	182.06	141.71
13 May 2023	242.76	222.53	212.39	182.05	141.71
12 May 2023	242.76	222.52	212.39	182.05	141.71
11 May 2023	245.24	224.79	214.56	183.9	143.15
10 May 2023	245.23	224.79	214.55	183.9	143.15
9 May 2023	244.23	223.87	213.68	183.15	142.57
8 May 2023	244.28	223.91	213.72	183.18	142.59
7 May 2023	243.31	223.03	212.87	182.46	142.03
6 May 2023	243.31	223.03	212.87	182.46	142.03
5 May 2023	247.25	226.64	216.32	185.41	144.33
4 May 2023	246.75	226.18	215.88	185.04	144.03
3 May 2023	243.25	222.97	212.82	182.41	141.99
2 May 2023	239.08	219.15	209.17	179.28	139.56
1 May 2023	239.46	219.5	209.51	179.57	139.78

Gold Price in Other Countries

Check out gold price in other featured countries from the list below

Disclaimer:

Gold prices in the table are based on the international market value, which is subject to fluctuations from the Saudi market. Prices vary from city to city and are updated every fifteen minutes, depending on the source.

In addition, you should recheck prices in certain physical stores.

Gold rates taken from the international market are not the responsibility of JewellsMark.