LIVE Today Gold Rate in KSA | Saudi Arabia Gold SAR Price 2024
24 Carat Gold Price In KSA:
260.46 (SAR) Per Gram
69.45 (USD) 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.
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.
KSA City Gold Rates
Gold Rate in KSA: Navigating the Shimmering Landscape of Saudi Arabia’s Gold Market
The gold market in Saudi Arabia is a dazzling world where the allure of this precious metal meets ancient tradition and modern investment strategies. Understanding the gold rate in KSA offers both locals and international investors a doorway into an intriguing and often lucrative domain.
Current Gold Prices in Saudi Arabia: A Snapshot
Saudi Arabia, known for its rich gold reserves, sees frequent fluctuations in its gold rates. Today’s saudi gold price today 24k 10 gram and 24k gold price in ksa remain key figures for investors and jewelry enthusiasts. With gold being an integral part of Saudi culture and economy, staying updated on the gold price in saudi arabia is crucial.
The Significance of 24k Gold
In the realm of precious metals, 24 karat gold holds a special place. Representing purity, this gold variant is highly sought after. Understanding the 24 carat gold price in saudi arabia and gold rate in saudi arabia helps in making informed buying decisions. Whether it’s for investment or adornment, knowing the saudi gold price today 24k is essential.
- Gold Price Variations:
- gold price in ksa
- gold price in saudi
- saudi gold price
- 24k gold price in ksa today 24 carat
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 Carat | 7472.812 |
1 Tola 24 Carat | 2802.812 |
1 Gram 24 Carat | 240.712 |
10 Grams 24 Carat | 2399.312 |
1 Kilo 24 Carat | 239853.512 |
Keeping an eye on the market will allow you to take advantage of a price spike for selling gold.
We outline the following topics in this guide to help you understand how it flows and what it covers.
- KSA City Gold Rates
- Gold Rate in KSA: Navigating the Shimmering Landscape of Saudi Arabia's Gold Market
- Current Gold Prices in Saudi Arabia: A Snapshot
- Gold Rate Comparison: KSA vs. Global Markets
- Investing in Gold in KSA: What You Need to Know
- 24 Carat Gold
- 23 Carat gold
- 22 carat gold
- 20 Carat Gold
- 19 Carat Gold
- 18 Carat Gold
- 14 Carat Gold
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 Gold | 240.7 | 2407 | 2806.562 | 175.711 | 6823.845 |
23K Gold | 230.7 | 2307 | 2689.962 | 168.411 | 6540.345 |
22K Gold | 220.7 | 2207 | 2573.362 | 161.111 | 6256.845 |
21K Gold | 210.7 | 2107 | 2456.762 | 153.811 | 5973.345 |
18K Gold | 180.7 | 1807 | 2106.962 | 131.911 | 5122.845 |
16K Gold | 160.7 | 1607 | 1873.762 | 117.311 | 4555.845 |
14K Gold | 140.7 | 1407 | 1640.562 | 102.711 | 3988.845 |
10K Gold | 100.7 | 1007 | 1174.162 | 73.511 | 2854.845 |
9K Gold | 90.7 | 907 | 1057.562 | 66.211 | 2571.345 |
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.
- Tola = 11.66 grams
- Gram is a basic unit for gold measurement
- Kilo = 1000 grams
- Ounce = 28.3495 grams
- Sovereign (equal to 7.98 grams)
- 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:
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 Rate Comparison: KSA vs. Global Markets
Comparing the gold rate in KSA with international prices reveals intriguing insights. Gold price today in Saudi Arabia might differ from rates in other gold-rich countries, highlighting the unique position of Saudi gold in the global market. This comparison helps in understanding the 24 carat gold price in ksa in a broader context.
KSA’s Gold Quality: An International Perspective
Saudi gold is renowned for its quality, often prompting the question: Which country gold is best quality? The saudi gold price today 24k 10 gram 24 carat and saudi gold price 10-gram offer a glimpse into the premium quality of Saudi gold, making it a staple in global gold markets.
- Gold Quality Factors:
- saudi gold price today
- saudi gold price today 24k
Investing in Gold in KSA: What You Need to Know
Investment in gold in Saudi Arabia is not just about keeping an eye on the gold price in riyadh or the 24 carat gold price in ksa today. It involves understanding the nuances of gold purity, market trends, and the historical significance of gold in Saudi culture.
Choosing the Right Karat for Investment
Deciding between 22K or 24K gold is a common dilemma for investors. While 24K represents purity, 22K gold, known for its durability, often becomes the preferred choice for jewelry. The Gold Price in Saudi Arabia for 22K per Tola today thus becomes a vital piece of information for buyers and investors alike.
- Karat Selection Guide:
- Which is best gold 22K or 24K?
- Should I buy 18k or 22k gold?
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) |
---|---|---|---|---|---|
17 March 2024 | 260.197 | 238.527 | 227.667 | 195.167 | 151.947 |
16 March 2024 | 260.197 | 238.527 | 227.667 | 195.167 | 151.947 |
15 March 2024 | 261.317 | 239.547 | 228.647 | 195.997 | 152.607 |
14 March 2024 | 261.907 | 240.087 | 229.157 | 196.447 | 152.947 |
13 March 2024 | 260.777 | 239.057 | 228.177 | 195.597 | 152.287 |
12 March 2024 | 263.047 | 241.137 | 230.157 | 197.297 | 153.617 |
11 March 2024 | 263.627 | 241.667 | 230.667 | 197.737 | 153.957 |
10 March 2024 | 263.047 | 241.137 | 230.167 | 197.297 | 153.617 |
9 March 2024 | 263.037 | 241.127 | 230.147 | 197.287 | 153.607 |
8 March 2024 | 260.787 | 239.057 | 228.177 | 195.607 | 152.297 |
7 March 2024 | 260.217 | 238.537 | 227.677 | 195.177 | 151.957 |
6 March 2024 | 256.867 | 235.467 | 224.747 | 192.667 | 150.007 |
5 March 2024 | 255.237 | 233.967 | 223.327 | 191.437 | 149.057 |
4 March 2024 | 251.007 | 230.097 | 219.627 | 188.277 | 146.587 |
3 March 2024 | 251.527 | 230.577 | 220.087 | 188.667 | 146.897 |
2 March 2024 | 251.527 | 230.577 | 220.087 | 188.667 | 146.897 |
1 March 2024 | 246.917 | 226.347 | 216.047 | 185.207 | 144.197 |
29 February 2024 | 245.907 | 225.427 | 215.167 | 184.447 | 143.617 |
28 February 2024 | 244.927 | 224.517 | 214.307 | 183.707 | 143.037 |
27 February 2024 | 245.417 | 224.977 | 214.737 | 184.087 | 143.327 |
26 February 2024 | 245.427 | 224.977 | 214.747 | 184.087 | 143.327 |
25 February 2024 | 245.917 | 225.437 | 215.177 | 184.457 | 143.617 |
24 February 2024 | 245.917 | 225.437 | 215.177 | 184.457 | 143.617 |
23 February 2024 | 244.427 | 224.067 | 213.867 | 183.337 | 142.747 |
22 February 2024 | 244.887 | 224.487 | 214.277 | 183.687 | 143.017 |
21 February 2024 | 245.437 | 224.997 | 214.757 | 184.097 | 143.337 |
20 February 2024 | 243.927 | 223.607 | 213.427 | 182.967 | 142.457 |
19 February 2024 | 243.917 | 223.597 | 213.427 | 182.957 | 142.457 |
18 February 2024 | 242.997 | 222.747 | 212.617 | 182.267 | 141.907 |
17 February 2024 | 242.937 | 222.697 | 212.567 | 182.217 | 141.877 |
Saudi Arabia’s Gold Market: Beyond Investment
The gold market in KSA is not just about investment. It’s a cultural phenomenon, deeply interwoven with Saudi traditions and customs. From bridal dowries to festive gifts, gold is an integral part of Saudi life, reflecting its timeless appeal and enduring value.
Gold’s Cultural Significance in Saudi Society
In Saudi society, gold transcends its economic value. It’s a symbol of wealth, status, and cultural heritage. This cultural aspect adds another layer to understanding the gold price in ksa and its fluctuations.
Future Trends in Saudi Gold Market
As the world evolves, so does the gold market in Saudi Arabia. Future trends, influenced by global economic conditions, technological advancements, and cultural shifts, will continue to shape the gold rate in KSA. Staying informed and adaptable is key to navigating this ever-changing landscape.
FAQs About Gold Rate in KSA
- How much is 24 carat gold in ksa 1 gram?
- The price of 24 carat gold per gram in KSA varies, reflecting market trends and gold purity.
- What is the Gold Price in Saudi Arabia for 22K per Tola today?
- The 22K gold price per Tola in Saudi Arabia can be found by checking the latest market rates.
- What is the best price of 24 carat gold?
- The best price for 24 carat gold depends on current market conditions and purity levels.
- Which is best gold 22K or 24K?
- 24K gold is purer, while 22K gold is preferred for its durability in jewelry.
- Should I buy 18k or 22k gold?
- This depends on your purpose; 22k is preferable for traditional jewelry, while 18k is suitable for modern designs.
- How pure is 24 karat gold?
- 24 karat gold is considered 99.9% pure, making it the highest purity level in gold.
- Which country gold is best quality?
- Many countries, including Saudi Arabia, are renowned for high-quality gold.
Related Articles:
- Gold Rate in Kuwait: Discover how gold prices in Kuwait compare to KSA.
- Gold Rate in Qatar: Explore the gold market trends in Qatar.
- Gold Price in India: Understand the dynamics of gold pricing in India.
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.