Gold Rate in KSA | Latest Rates – 2023
24 Carat Gold Price In KSA:
238.873 (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.
|Price (SAR)||Price (USD)|
|Gold Gram Carat 24||236.819||63.429|
|Gold Gram Carat 22||217.119||58.169|
|Gold Gram Carat 21||207.269||55.549|
|Gold Gram Carat 18||177.709||47.669|
|Gold Gram Carat 14||138.299||37.159|
|Gold Gram Carat 12||118.599||31.899|
|Gold Gram Carat 10||98.899||26.649|
*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.).
|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.
- Gold Rate In KSA Per Gram, Kilo, Ounce
- Keep a Track of Gold Rate in KSA
- Gold Carat rate in KSA
- Gold Measurements
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
|10 Grams Price
|Vori (Tola) Price
|1 Aana Price
|1 Ounce Price
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 To Vori Converter
Type a value in the Grams field to convert the value to Vori:
Vori To Aana Converter
Type a value in the Vori field to convert the value to Aana:
Gram To Aana Converter
Type a value in the Grams field to convert the value to Aana:
Gold Rate in KSA | Calculator
Any number of gold quantities can be calculated from here
(Select the No.
by pressing Up/Down key)
|Vori / Tola||2782.67066||748.46706|
|Gram 24 Carat||238.651||64.191|
|Gram 22 Carat||218.604316||58.798956|
|Gram 21 Carat||208.819625||56.167125|
|Gram 20 Carat||199.034934||53.535294|
|Gram 18 Carat||178.98825||48.14325|
|Gram 14 Carat||139.133533||37.423353|
|Gram 10 Carat||99.278816||26.703456|
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
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.