Gold prices in Saudi Arabia today Understanding the daily fluctuations of gold prices in Saudi Arabia offers crucial insights for investors, consumers, and economists alike. As a key economic indicator, the value of gold reflects global market trends, geopolitical events, and local supply and demand dynamics. For many in Saudi Arabia, gold holds significant cultural and financial importance, serving as both a traditional store of wealth and a sought-after commodity for jewelry. This article delves into the current gold prices in the Kingdom, exploring the factors influencing their daily movements and their implications for the Saudi Arabian market.
Gold prices in Saudi Arabia today
Gold prices in Saudi Arabia are experiencing daily fluctuations, reflecting the dynamic interplay of global economic trends, local demand, and currency movements. As of today, July 5, 2025, the price of gold per gram in Saudi Riyals (SAR) continues to be a closely watched indicator for investors and consumers alike.
Recent data indicates a slight upward movement in gold prices within the Kingdom, with some reports showing per-gram costs adding a small premium compared to the previous day. For instance, on July 4, 2025, the price for Gold stood at approximately SAR 402.86 per gram for 24K gold, up from SAR 401.07 the day prior. This reflects the real-time nature of gold trading, which responds continuously to supply and demand dynamics across major marketplaces.
| Gold Karrat | Gold price per gram |
|---|---|
| 24K Gold | 402.03 SAR ▼ |
| 22K Gold | 368.26 SAR ▼ |
| 21K Gold | 351.78 SAR ▼ |
| 18K Gold | 301.52 SAR ▼ |
Current approximate gold prices in Saudi Arabia
- 24 Karat Gold: Around SAR 403 – 413 per gram
- 22 Karat Gold: Around SAR 357 – 381 per gram
- 21 Karat Gold: Around SAR 352 – 357 per gram
- 18 Karat Gold: Around SAR 301 – 311 per gram
- Gold Ounce: Approximately SAR 12,500 – 12,550
(Note: These are indicative prices and may vary slightly depending on the dealer, region, and specific making charges.)
Factors Influencing Gold Prices in Saudi Arabia:
Several key factors contribute to the daily shifts in gold prices within Saudi Arabia:
- Global Gold Price: Gold is a globally traded commodity, and its price is primarily set in US dollars. Therefore, international economic and political events, such as interest rate changes by central banks (particularly the US Federal Reserve), inflation rates, and global geopolitical tensions, directly impact the price of gold in Saudi Riyals. Gold often acts as a “safe-haven” asset during times of uncertainty, leading to increased demand and price surges.
- US Dollar Exchange Rate: Given that gold is dollar-denominated, the exchange rate between the Saudi Riyal (SAR) and the US Dollar (USD) plays a crucial role. A weaker US dollar generally makes gold more affordable for holders of other currencies, pushing prices higher in local currency terms, and vice versa.
- Local Supply and Demand: Domestic factors also influence prices. Saudi Arabia has a strong cultural affinity for gold, particularly for jewelry and as a store of wealth. Demand often spikes during wedding seasons and religious holidays.
- Central Bank Policies: Central banks globally, including those in emerging economies, have been actively increasing their gold reserves. This consistent institutional buying adds to overall demand and can support gold prices.
- Manufacturing Costs and Local Premiums: Beyond the raw gold price, manufacturing costs (known as “making charges” or “wages”) and dealer profit margins contribute to the final price for consumers. These can vary between different jewelry stores and regions within Saudi Arabia.
