Gold prices in Saudi Arabia saw a notable increase at the start of trading on Monday, January 26, 2026, continuing their recent upward trend, influenced by ongoing volatility in global markets. This rise reinforces the precious metal's status as a safe haven for investors amidst prevailing economic uncertainty.
This rise has been directly reflected in all the carats traded in the Saudi market, most notably the 21-carat, which is considered the most popular and widespread choice among consumers in the Kingdom due to its quality and balance between purity and hardness, making it ideal for the manufacture of traditional jewelry and investment alike.
Gold price list today in Saudi Arabia
Below are the details of gold prices for different carats in Saudi Riyals, compared to yesterday's closing prices:
- The price of a gram of 24-karat gold reached 612 riyals, up from 600.75 riyals.
- The price of a gram of 22-karat gold: recorded 561 riyals, compared to 550.75 riyals yesterday.
- The price of a gram of 21-karat gold rose to 535.5 riyals, compared to 525.75 riyals at the previous close.
- The price of a gram of 18-karat gold has reached 459 riyals, after it was 450.5 riyals.
- The price of a gram of 14-karat gold: recorded 357 riyals, up from 350.5 riyals.
- The price of a gram of 12-karat gold reached 306 riyals, compared to 300.25 riyals.
The price of an ounce of gold in the Saudi market also rose to 19,034.5 riyals, and the price of a gold pound reached 4,283.75 riyals.
The global context and its impact on the local market
Historically, gold has been considered a key hedge against inflation and geopolitical instability. Its price is directly influenced by the monetary policies of major central banks, most notably the US Federal Reserve. Lower interest rates or a weaker US dollar typically increase gold's appeal as a non-yielding investment, driving its price up globally. This, in turn, impacts local markets, such as the Saudi market, which is closely tied to global prices.
The importance of gold in the Saudi economy and society
In Saudi Arabia, gold is more than just a commodity; it's an integral part of the culture and traditions, especially in occasions like weddings and as a gift. It also serves as a primary savings and investment tool for many Saudi families seeking to preserve the value of their savings over the long term. Therefore, any change in its price is closely monitored by consumers, retailers, and investors, as it directly impacts buying and selling decisions and the volume of demand in gold markets throughout the Kingdom.
