Gold price in Saudi Arabia today Thursday 24/09/2026

Thursday 24/09/2026

The gold market in Saudi Arabia today, Thursday, September 24, 2026, presents a dynamic picture for investors and consumers alike, with prices reflecting a blend of global economic trends and local demand factors. As a crucial indicator of economic stability and a preferred safe-haven asset, gold continues to capture significant attention across the Kingdom. This daily gold price service is proudly provided by Amtalek, offering timely and accurate insights into the precious metal's performance.

Today's market opens with the global gold ounce maintaining a high valuation, influencing local prices directly due to the Saudi Riyal's peg to the US Dollar. Traders and individuals are closely monitoring international developments, particularly those emanating from major economies, which invariably impact the yellow metal's trajectory. Whether for investment, jewelry, or hedging against inflation, understanding the current price structure is essential for making informed decisions in the Saudi gold market.

Global Gold Ounce Price Today

On the international stage, the price of a global gold ounce remains a key benchmark for all local markets, including Saudi Arabia. As of today, Thursday, September 24, 2026, the global gold ounce is valued at $4,282.80. This significant valuation translates directly into the Saudi Riyal, with one global gold ounce currently priced at approximately 16,103.62 SAR. This conversion is crucial for Saudi investors, as it provides a clear understanding of the precious metal's worth in local currency, reflecting the strong link between global market movements and domestic gold prices.

The stability or fluctuation of the global gold ounce price is often influenced by a myriad of factors, including the strength of the US dollar, geopolitical events, global interest rate expectations, and investor sentiment towards riskier assets. A higher global ounce price often signals increased demand for safe-haven assets or concerns over inflation, making gold an attractive option for preserving wealth. The current valuation underscores gold's enduring appeal as a store of value in an ever-evolving economic landscape.

سعر أونصة الذهب العالمي

الوحدة	السعر بالدولار	السعر بالريال السعودي
أونصة الذهب (31.1 جرام)	$ 4,282.80	16,103.62 ر.س

سعر جرام الذهب في السعودية حسب العيار

الوحدة (حسب العيار)	السعر بالريال السعودي
جرام الذهب عيار 24	517.74
جرام الذهب عيار 22	474.60
جرام الذهب عيار 21	453.03
جرام الذهب عيار 18	388.31

أسعار الذهب لمختلف الوحدات

الوحدة	السعر بالريال السعودي
جنيه ذهب عيار 21 (8 جرام)	3,624.24
جنيه ذهب عيار 22 (8 جرام)	3,796.80
10 تولة (116.6 جرام)	60,389.19

Gold Prices in the Saudi Market by Karat

Analyzing today's gold prices in the Saudi market reveals a clear distinction based on karat purity, which is a critical factor for both investors and consumers purchasing jewelry. As expected, 24K gold, representing the highest purity, commands the premium price. A gram of 24K gold is priced at 517.74 SAR today, making it the most expensive option for those seeking pure gold for investment or specific uses.

Following closely, 22K gold, commonly preferred for intricate jewelry due to its durability and slightly lower purity, is priced at 474.60 SAR per gram. This represents a difference of 43.14 SAR per gram compared to 24K, reflecting the reduced gold content. For 21K gold, a popular choice for traditional Saudi jewelry, the price stands at 453.03 SAR per gram. The difference between 22K and 21K is 21.57 SAR per gram.

At the lower end of the purity spectrum, 18K gold, often used in contemporary jewelry designs for its strength and versatility, is available at 388.31 SAR per gram. This makes 18K gold the most affordable option among the listed karats, with a significant difference of 64.72 SAR per gram compared to 21K gold. These price variations underscore the direct relationship between gold purity and its market value.

Beyond grams, the market also offers gold in other standard units. A gold pound (8 grams) of 21K purity is valued at 3,624.24 SAR, while a gold pound of 22K purity is slightly higher at 3,796.80 SAR. For larger investments, the 10 Tola unit, equivalent to 116.6 grams, is priced at a substantial 60,389.19 SAR. These larger units are often favored by serious investors or for significant ceremonial purchases, providing a bulk option for acquiring gold in the Saudi market.

Factors Affecting Gold Prices in Saudi Arabia

Gold prices in Saudi Arabia are not determined in isolation but are intricately linked to a complex web of global and local economic factors. Understanding these influences is crucial for anticipating market movements.

Global Gold Market Trends and the US Dollar: The most significant factor is the performance of the global gold market. Gold is primarily traded in US dollars, and its price often moves inversely to the dollar's strength. A stronger dollar makes gold more expensive for buyers holding other currencies, potentially dampening demand. Conversely, a weaker dollar can boost gold prices. Global economic data, commodity prices, and investor sentiment toward risk assets all contribute to these overarching trends.

The Riyal's Peg to the Dollar (SAMA): The Saudi Riyal's fixed exchange rate to the US dollar, maintained by the Saudi Arabian Monetary Authority (SAMA), means that global gold price fluctuations in USD are directly reflected in SAR prices. This peg simplifies the conversion but also means that Saudi consumers and investors are directly exposed to international dollar-denominated gold movements without the buffer of a fluctuating exchange rate.

US Federal Reserve Interest Rate Decisions: Decisions by the US Federal Reserve regarding interest rates have a profound impact on gold. Higher interest rates increase the opportunity cost of holding non-yielding assets like gold, making interest-bearing investments (like bonds) more attractive. Conversely, lower interest rates or expectations of rate cuts tend to make gold more appealing, as its lack of yield becomes less of a disadvantage.

Inflation and Safe-Haven Demand: Gold has historically been considered a hedge against inflation. When inflation rises, the purchasing power of fiat currencies erodes, making tangible assets like gold more attractive. Furthermore, during periods of economic uncertainty, financial instability, or market volatility, investors often flock to gold as a "safe-haven" asset to preserve their capital, driving up its demand and price.

Local Demand Seasons and VAT: Domestic demand in Saudi Arabia plays a considerable role. Seasonal peaks, particularly during wedding seasons, Eid holidays, and the Hajj/Umrah pilgrimage periods, often see increased purchases of gold for jewelry and gifts. Value Added Tax (VAT), currently at 15% in Saudi Arabia, is applied to gold purchases, adding to the final price for consumers. This tax can influence purchasing decisions, especially for larger quantities.

Geopolitical Tensions: Escalating geopolitical conflicts, political instability in key regions, or major international crises typically trigger a surge in safe-haven demand for gold. Investors view gold as a reliable asset during times of global uncertainty, leading to price increases as they seek to protect their wealth from potential economic fallout.

Gold Price Forecast

Looking ahead, the gold market in Saudi Arabia is expected to remain influenced by a confluence of the aforementioned global and local factors. Given the current high valuation of the global gold ounce at $4,282.80, the immediate outlook suggests a period of potential consolidation or continued strength, barring any significant shifts in global economic sentiment or geopolitical landscape.

Should the US dollar show signs of weakness or if global inflation concerns persist, gold could find further upward momentum. Conversely, a stronger dollar or more aggressive interest rate hikes by central banks, particularly the US Federal Reserve, could introduce downward pressure on prices. Local demand, especially with upcoming festive seasons, will provide a baseline of support, but the overriding direction will likely be dictated by international market dynamics.

Investors should continue to monitor economic indicators, central bank policies, and geopolitical developments closely. While gold's role as a safe haven remains strong, its short-term price movements can be volatile. For the coming days, a cautious yet optimistic outlook prevails, with gold likely to trade within a range, subject to external catalysts that could either propel it higher or induce a slight correction.

This service is provided by Amtalek Realestate Platform