Gold Price for Jewellers in Saudi Arabia
Trade metal values in Saudi Arabia per gram (Oct 31, 2026 · 12:55 AM AST): 24K SAR 466.93, 22K SAR 428.14, 21K SAR 408.97, 18K SAR 350.55; sterling silver SAR 5.48; platinum 950 SAR 164.25. International spot converted to SAR, before tax and margins.
Trade price board · SAR
Market closed · last price| Metal | 1 gram | 1 troy ounce | 1 kilo | You pay / gram |
|---|---|---|---|---|
| Gold 24K999 | SAR 466.93 | SAR 14,523 | SAR 466,931 | SAR 396.89 |
| Gold 22K916 | SAR 428.14 | SAR 13,317 | SAR 428,137 | SAR 363.92 |
| Gold 21K875 | SAR 408.97 | SAR 12,721 | SAR 408,974 | SAR 347.63 |
| Gold 18K750 | SAR 350.55 | SAR 10,903 | SAR 350,549 | SAR 297.97 |
| Fine silver999 | SAR 5.92 | SAR 184.00 | SAR 5,915.64 | SAR 5.03 |
| Sterling silver925 | SAR 5.48 | SAR 170.37 | SAR 5,477.45 | SAR 4.66 |
| Platinum950 | SAR 164.25 | SAR 5,108.80 | SAR 164,252 | SAR 139.61 |
| Fine platinum999 | SAR 172.72 | SAR 5,372.31 | SAR 172,724 | SAR 146.82 |
| Palladium950 | SAR 112.21 | SAR 3,490.27 | SAR 112,215 | SAR 95.38 |
Alloy calculator
karat in, karat outPiece price builder
metal + making + stones + taxDaily gold rates per gram · last 15 trading days
SAR, daily close| Date | 24K | 22K | 21K | 18K |
|---|---|---|---|---|
| Fri 30 Oct 2026 | SAR 455.50 | SAR 417.66 | SAR 398.96 | SAR 341.97 |
| Thu 29 Oct 2026 | SAR 471.16 | SAR 432.02 | SAR 412.68 | SAR 353.73 |
| Wed 28 Oct 2026 | SAR 472.74 | SAR 433.47 | SAR 414.06 | SAR 354.91 |
| Tue 27 Oct 2026 | SAR 474.84 | SAR 435.39 | SAR 415.90 | SAR 356.48 |
| Mon 26 Oct 2026 | SAR 471.72 | SAR 432.53 | SAR 413.17 | SAR 354.14 |
| Fri 23 Oct 2026 | SAR 483.00 | SAR 442.87 | SAR 423.05 | SAR 362.61 |
| Thu 22 Oct 2026 | SAR 474.08 | SAR 434.69 | SAR 415.24 | SAR 355.92 |
| Wed 21 Oct 2026 | SAR 483.62 | SAR 443.44 | SAR 423.59 | SAR 363.08 |
| Tue 20 Oct 2026 | SAR 485.92 | SAR 445.54 | SAR 425.60 | SAR 364.80 |
| Mon 19 Oct 2026 | SAR 487.26 | SAR 446.78 | SAR 426.78 | SAR 365.81 |
| Fri 16 Oct 2026 | SAR 488.27 | SAR 447.70 | SAR 427.66 | SAR 366.57 |
| Thu 15 Oct 2026 | SAR 486.98 | SAR 446.52 | SAR 426.54 | SAR 365.60 |
| Wed 14 Oct 2026 | SAR 479.39 | SAR 439.56 | SAR 419.89 | SAR 359.90 |
| Tue 13 Oct 2026 | SAR 488.59 | SAR 448.00 | SAR 427.94 | SAR 366.81 |
| Mon 12 Oct 2026 | SAR 489.89 | SAR 449.19 | SAR 429.08 | SAR 367.79 |
Jewellery Quote Calculator for Jewellers in Saudi Arabia
Price a ring or any piece the way you cost it at the bench: metal by finished weight and purity at the live price (or your own rate) plus casting loss, stones, findings, labour, other costs and overheads, then your markup or target margin, discount, tax and rounding. See your cost, profit and margin, then print a clean customer quote or copy it into an email. Your quotes stay in your browser; nothing is sent to us.
Put this quote calculator on your own website
Copy the code into your site (for staff or customers). The form sets its own height as lines are added; please keep the small "by Corgano" link. Shop name, default markup and other options are on the widget builder.
Rules for Jewellers in Saudi Arabia
Reviewed October 2026. Check the sources for the latest rules before acting on them.
Making charges and pricing
Saudi jewellery is priced by weight: the day's gram rate for the karat, plus a making charge quoted per gram or per piece, plus 15% VAT on the total. Since 11 October 2025, any advertisement for precious metals or gemstones must state the type, weight, purity and price of each item. Gem-set jewellery must carry an identification tag.
Hallmarking and purity marks
Under the Law of Precious Metals and Gemstones, precious-metal items may not be sold, displayed or held for sale unless they are stamped with the official mark and a purity from the legal standards set by the Ministry of Commerce. Traders, manufacturers and importers must also apply a registered trademark. Foreign stamps on imported pieces are accepted if they show the actual fineness and it matches a legal standard.
Amendments in force since 11 October 2025 made three main changes. The Ministry of Industry and Mineral Resources now licenses manufacturing, while the Ministry of Commerce supervises trade and retail. The previous tolerance that let pieces fall below their stated karat was removed. Used jewellery must be displayed in a separate area of the shop.
Tax on sales and scrap
Gold jewellery carries 15% VAT on the full price, including making charges. Investment gold of 99% purity or more, in bars, ingots and qualifying coins, is zero-rated. A private individual selling you old gold is not making a taxable supply, so no VAT is charged. Since October 2025, however, a shop buying from an individual must issue a special invoice recording the seller's name, ID number and nationality.
Customer checks and reporting
The Ministry of Commerce supervises dealers in precious metals and gemstones under the Anti-Money Laundering Law. In October 2026 it confirmed that cash purchases or sales of SAR 50,000 or more require identity verification, customer due diligence and record keeping. This applies whether the amount is paid in one transaction or in several that appear linked. Due diligence is also needed at any amount when there is suspicion, and suspicious transactions must be reported to the General Directorate of Financial Investigation. Each branch must display a notice explaining the ID requirement.
Manufacturing requires an industrial licence from the Ministry of Industry and Mineral Resources. Repair, cleaning, plating and polishing must be listed in the business's commercial registration.
Free Price Tools for Your Website
Show live prices and a scrap calculator on your own site: free for jewellers and dealers, no sign-up. Copy the code into your website; please keep the small "by Corgano" link.
Live price ticker
Gold and silver prices in SAR, updated every minute.
Gold price chart
One year of gold prices per gram in SAR, with today's price on top.
Scrap gold calculator
Customers weigh their gold and see what you pay: set your own % of melt value.
Jewellery price calculator
Customers price a piece: gold rate for the karat, your making charges, stones and VAT.
Jewellers in Saudi Arabia: FAQ
What is the scrap gold price per gram in Saudi Arabia today?
The melt value of gold today is about SAR 466.93 per gram for 24K, SAR 428.14 per gram for 22K, SAR 408.97 per gram for 21K, SAR 350.55 per gram for 18K, at the international spot price converted to SAR (Oct 31, 2026 · 12:55 AM AST). Buyers of scrap pay a percentage of this melt value to cover refining, assaying and their margin; use the scrap column on this page to work out your own buying price.
How do Saudi jewellers calculate the value of old gold?
Weigh the piece, confirm its karat, and multiply the weight by its purity (0.875 for 21K, 0.750 for 18K) to get the pure gold content. Then value that at the day's gram price. When buying from an individual, you must issue a special invoice with the seller's name, ID number and nationality.
Is VAT charged when a jeweller buys old gold from a customer?
No, not from a private individual. VAT at 15% is charged when jewellery is sold. Investment gold of 99%+ purity is zero-rated.
Must gold jewellery be stamped in Saudi Arabia?
Yes. Items may not be sold or displayed for sale unless they carry the official mark and a legal purity standard, and since October 2025 the old karat tolerance no longer applies.
What ID checks apply to cash sales over SAR 50,000?
Cash purchases or sales of SAR 50,000 or more, single or linked, require you to verify the customer's ID, carry out due diligence and keep records. Suspicious transactions must be reported whatever the amount.
How do I work out a price quote for a ring or custom piece in Saudi Arabia?
Add up your cost: the metal (finished weight × purity × today's price, plus casting loss or wastage), stones, findings and parts, labour (setting, polishing, engraving, CAD and casting) and any other costs and overheads. Then add your markup on cost or price for a target margin, round to a sensible figure and add tax. The jewellery quote calculator on this page does this in SAR at the live gold price, shows your profit and margin, and prints a customer quote.
Sources: Ministry of Commerce: precious metals regulations (Oct 2025) · Ministry of Commerce: draft implementing regulations (Aug 2025) · Okaz: SAR 50,000 cash due-diligence rule (Oct 2026) · Saudipedia: Law of Precious Metals and Gemstones. Information, not legal or tax advice. See also: gold price in Saudi Arabia · gold jewellery price calculator · other countries.