22k Gold Price in Saudi Arabia Today – Gold Rate in Saudi Arabia 1 Gram Today in SAR. If you would like to get daily 21k, 22k, 24k, 18k Gold price of Saudi Arabia then this article is for you. Here we will let you know daily live Gold rate of Saudi Arabia in Saudi Riyal. So, if you are looking forward to getting daily Gold price update of Saudi Arabia then follow our this article. This article will be dedicated to listing the up-to-date gold prices in KSA along with the latest 24k, 22k, 21k, 18k, and 12k-karat gold tables, as well as gold prices per ounce, pound, and kilo.
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22k Gold Price in Saudi Arabia Today – Gold Rate in Saudi Arabia 1 Gram
Gold has long held a special place in human history, captivating hearts with its timeless allure and acting as a symbol of wealth, status, and adornment. In the vibrant markets of Saudi Arabia, the price of 22k gold today reflects not only economic dynamics but also cultural significance. As the world evolves, this precious metal continues to maintain its value, while its prices ebb and flow like the tides of time.
Gold: The Heartbeat of Saudi Arabian Markets
Saudi Arabia, a land steeped in tradition and rich with history, is a hub of commerce and cultural exchange. Gold, often referred to as the “king of metals,” enjoys a deep-rooted connection with the people of the region. From weddings and celebrations to investments and gifts, gold plays a pivotal role in Saudi Arabian culture.
Understanding Gold Karats
Gold is measured in karats, which denote its purity. A karat represents 1/24th of the whole, indicating the amount of pure gold in a piece of jewelry or investment. In Saudi Arabia, the gold market is particularly known for its 22k gold jewelry, which contains 22 parts of gold and 2 parts of other metals or alloys.
The Dynamics of Gold Prices
The price of gold is influenced by a multitude of factors, both local and global. On a global scale, economic conditions, geopolitical tensions, interest rates, and currency values all play their part in driving the price of this precious metal. Additionally, local market conditions, demand from consumers, and even cultural events can contribute to fluctuations in gold prices within Saudi Arabia.
Today Gold Rate in Saudi Arabia 5th February 2024
Gold Price in Saudi Riyal • XAU in SAR
| Gold Price in Saudi(SAR) | ||
| Quantity | 22 carat | 24 carat |
|---|---|---|
| 1 gram | 220 SAR | 238 SAR |
| 8 gram | 1756 SAR | 1904 SAR |
| 100 gram | 21954 SAR | 23799 SAR |
| 1 Ounce 31.1034768 grams |
6829 SAR | 7402 SAR |
| 1 Kilogram 1000 grams |
219544 SAR | 237985 SAR |
| 1 Soveriegn 7.322381 grams |
1608 SAR | 1743 SAR |
| 1 Tola 11.6638038 grams |
2561 SAR | 2776 SAR |
Accessing the 22k Gold Price in Saudi Arabia Today
For those keen on monitoring the price of 22k gold in Saudi Arabia today, there are several accessible ways to stay informed:
- Online Financial News Portals: Reputable financial news websites often provide real-time updates on the prices of various commodities, including gold. Websites like Bloomberg, Reuters, and local financial news sources can be reliable sources of information.
- Saudi Arabian Jewelry Retailers: Local jewelry shops and retailers often display the current prices of gold jewelry in their stores. Many even provide online platforms where customers can explore and purchase gold jewelry while being informed of the prevailing rates.
- Government and Official Sources: Government websites and institutions related to finance and commerce might also provide information about gold prices in Saudi Arabia. These sources are likely to provide accurate and up-to-date information.
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Mobile Apps: There are numerous mobile applications available for both Android and iOS devices that allow users to track the price of gold and other precious metals in real-time.
Saudi Arabia Gold Rate Today 5th February 2024
| Gold | Saudi riyal | In USD | Today’s change |
|---|---|---|---|
| 24k 1Gram | SAR 219.83 | $58.61 | SAR 0.29 |
| 22k 1Gram | SAR 201.51 | $53.73 | SAR 0.27 |
| 21k 1Gram | SAR 192.35 | $51.29 | SAR 0.25 |
| 18k 1Gram | SAR 164.87 | $43.96 | SAR 0.22 |
| 14k 1Gram | SAR 128.23 | $34.19 | SAR 0.17 |
| 10k 1Gram | SAR 91.60 | $24.42 | SAR 0.12 |
| Ounce | SAR 6,837.48 | $1,823.07 | SAR 9.04 |
| Tola | SAR 2,564.05 | $683.65 | SAR 3.39 |
| 100 Gram | SAR 21,983.00 | $5,861.31 | SAR 29.06 |
| Kilogram | SAR 219,830.04 | $58,613.06 | SAR 290.59 |
Today Gold Rate in Saudi Arabia Riyal
| Gold Rate in Riyadh Saudi riyal |
Rate (SAR) | |
| 24k | Gold Rate per Gram 24K | 220.124 |
| 22k | Gold Rate per Gram 22K | 201.780 |
| OZ | Gold Rate per Oz | 6845.84 |
| KG | Gold Rate per KG | 220123.55 |
| TOLA | Gold Rate per Tola | 2567.48 |
Rates were last updated in Saudi Arabia on Tuesday, 5th February 2024 13:30:01 UTC (Saudi Arabia time).
Note: The listed gold prices are exclusive of VAT.
How To Calculate Gold Price in Saudi Arabia?
Current gold price in Saudi Arabia is calculated by its quality and weight. Additionally, there may be additional manufacturing charges depending on product quality and purity.
- To calculate gold price today in Saudi Arabia, you need to follow these steps:
- To calculate today’s gold price in Saudi Arabia, select the carat type, whether it is 24, 21 or 18.
- Know the weight of Jewellery in grams.
- Know the value of work.
- Find out the Goods and Services Tax (GST) rates.
- Multiply the total number of Gram (e.g. gold rate for 10 grams in Saudi Arabia) by the gram price to get the total value of gold.
For example:
- 10g of 22K gold price in KSA = 2,060 SAR
- 10g of 21K gold price in KSA = 1,966 SAR
The Beyond the Price Tag: Cultural Significance
While the 22k gold price in Saudi Arabia today might be a point of interest for investors, jewelry enthusiasts, and consumers, its value goes beyond mere numbers. Gold holds cultural and emotional value that transcends its economic significance. In Saudi Arabian society, gold is woven into the fabric of daily life, from celebratory occasions to familial bonds.
In Conclusion
The 22k gold price in Saudi Arabia today is more than just a financial metric; it’s a reflection of cultural heritage, economic dynamics, and the lasting allure of a metal that has stood the test of time. As the world progresses, gold continues to shine bright, illuminating both aspirations and traditions in the heart of Saudi Arabian markets.
When seeking daily authentic gold rates in Saudi Arabia, it’s important to rely on credible sources to make informed decisions. Government sources, reputable financial news websites, jewelry retailers, mobile apps, and official government platforms are some of the reliable options available. Staying updated on gold rates empowers individuals with the knowledge needed for wise investment and purchasing choices. You may also get daily authentic Gold Price of Saudi Arabia for various carats of Gold.