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Gold Rate in KSA | Latest Rates – 2023

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


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.

Unit
(Buying Gold)
Price (SAR) Price (USD)
Gold Ounce7026.2961873.376
Gold Gram Carat 24226.61660.926
Gold Gram Carat 22207.79655.916
Gold Gram Carat 21198.38653.406
Gold Gram Carat 18170.14645.876
Gold Gram Carat 14132.49635.836
Gold Gram Carat 12113.66630.826
Gold Gram Carat 1094.84625.806

*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.

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.).  

Unit
(Selling Gold)
Price
(SAR)
1 Ounce 24 Carat7016.444
1 Tola 24 Carat2631.544
1 Gram 24 Carat225.844
10 Grams 24 Carat2252.744
1 Kilo 24 Carat225209.344

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


Gold Rate In KSA

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

Table Of Contents
  1. Gold Rate In KSA Per Gram, Kilo, Ounce
  2. Keep a Track of Gold Rate in KSA
  3. Gold Carat rate in KSA
  4. Gold Measurements
    • Vori To Grams Converter
    • Grams To Vori Converter
    • Vori To Aana Converter
    • Gram To Aana Converter
  5. Gold Rate in KSA | Calculator
  6. Buying Gold in Saudi Arabia
  7. Gold Buying Tips
  8. Gold As Investment
  9. Who Decides Gold Rate In KSA
  10. Gold Carats In KSA
    • 24 Carat Gold
    • 23 Carat gold
    • 22 carat gold
    • 20 Carat Gold
    • 19 Carat Gold
    • 18 Carat Gold
    • 14 Carat Gold
  11. Historical Prices for All Gold Carats
  12. Gold Price in Other Countries
  13. Disclaimer:

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.

Carats Per Gram Price
(SAR)
10 Grams Price
(SAR)
Vori (Tola) Price
(SAR)
1 Aana Price
(SAR)
1 Ounce Price
(SAR)
24K Gold225.422542628.164164.5426390.09
23K Gold21621602518.56157.686123.6
22K Gold206.620662408.956150.8185857.11
21K Gold197.319732300.518144.0295593.455
18K Gold169.116911971.706123.4434793.985
16K Gold150.315031752.498109.7194261.005
14K Gold131.613161534.45696.0683730.86
10K Gold949401096.0468.622664.9
9K Gold84.7847987.60261.8312401.245

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:-

Vori To Grams Converter

Type a value in the Vori field to convert the value to Grams:

Grams:

Grams To Vori Converter

Type a value in the Grams field to convert the value to Vori:

Vori:

Vori To Aana Converter

Type a value in the Vori field to convert the value to Aana:

Aana:

Gram To Aana Converter

Type a value in the Grams field to convert the value to Aana:

Aana:

Gold Rate in KSA | Calculator

Any number of gold quantities can be calculated from here

Quantity
(Select the No.
by pressing Up/Down key)
Gold Unit Price
(SAR)
Price
(USD)
Vori / Tola2643.00718711.06178
Ounce6426.06621351728.8375585
Kilo Grams22667360983
Gram 24 Carat226.67360.983
Gram 22 Carat207.63246855.860428
Gram 21 Carat198.33887553.360125
Gram 20 Carat189.04528250.859822
Gram 18 Carat170.0047545.73725
Gram 14 Carat132.15035935.553089
Gram 10 Carat94.29596825.368928
Aana 165.1879487544.44136125
Ratti1244.43477334.79667
Masha233.4731962.81249

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)
07 February226.395207.555198.115169.865132.305
06 February226.875207.995198.535170.225132.585
05 February225.575206.795197.395169.245131.825
04 February225.585206.815197.405169.255131.825
03 February231.615212.335202.685173.775135.345
02 February236.155216.495206.655177.175137.995
01 February233.005213.615203.905174.825136.155
31 January232.175212.845203.165174.195135.675
30 January233.955214.485204.735175.535136.715
29 January233.035213.645203.925174.845136.175
28 January233.055213.655203.945174.855136.185
27 January232.595213.235203.545174.515135.925
26 January235.355215.765205.955176.585137.525
25 January233.095213.695203.975174.885136.205
24 January234.005214.525204.775175.565136.745
23 January233.625214.185204.445175.285136.525
22 January233.055213.655203.945174.855136.185
21 January233.055213.655203.945174.855136.185
20 January232.755213.385203.685174.635136.015
19 January230.965211.745202.115173.295134.965
18 January229.655210.535200.965172.305134.205
17 January231.405212.145202.495173.615135.225
16 January232.285212.945203.265174.275135.735
15 January232.175212.845203.165174.195135.675
14 January232.145212.825203.145174.175135.655
13 January229.235210.155200.605171.995133.965
12 January227.935208.965199.465171.015133.195
11 January227.425208.495199.015170.635132.895
10 January226.675207.805198.365170.075132.465
09 January227.235208.315198.845170.485132.785

Gold Price in Other Countries

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

  • Gold Price In Bangladesh
  • Gold Price In Kuwait
  • Gold Price In Oman
  • Gold Price In Malaysia
  • Gold Price In Nepal

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.

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  • Gold Price in Morocco
  • Gold Price in Georgia
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  • Gold Price Updated Live Rates – 2023
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  • Contact Jewells Mark
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