Gold Rate in Saudi Arabia Today
The live gold rate in Saudi Arabia is displayed above, calculated from international spot prices and converted to Saudi Riyal (SAR). Saudi Arabia’s gold market is closely aligned with Dubai’s — both track the same international benchmarks, with minor differences due to local supply, demand, and dealer margins.
Dubai Gold vs Saudi Arabia Gold Price
Dubai and Saudi Arabia typically have very similar gold prices as both track the same international spot price. However, Dubai often has a slight edge due to: higher trading volumes reducing dealer premiums, intense Gold Souk competition, and UAE’s slightly lower gold import costs. The difference is usually less than 1% on the gold rate itself, though making charges for jewelry can vary more.
Best Place to Buy Gold in Saudi Arabia
The main gold markets in Saudi Arabia are the Riyadh Gold Market in Batha district, Jeddah’s Gold Souk near Al-Balad, and Makkah’s Bab Al-Umrah gold shops. Saudi Arabia has a 15% VAT rate (introduced 2020), which is higher than UAE’s 5%, making Dubai more attractive for gold purchases when crossing the border is feasible.