The precious metal markets in the Kingdom of Saudi Arabia witnessed new price movements on Wednesday, January 14, 2026, as the price of gold in Saudi Arabia recorded a slight increase in all traded carats, coinciding with the continuous fluctuation in global stock exchanges and the impact of international monetary policy decisions on the markets.
Details of today's gold prices in Saudi Arabia
In today's evening trading, the price list, according to the latest data, is as follows:
- The price of a gram of 24-karat gold was 559 riyals. This karat is considered the purest and is commonly used in investment and savings bars due to its near-complete absence of impurities.
- The price of a gram of 21-karat gold reached 489 riyals. This karat is the most sought-after and popular in the Saudi and Gulf markets in general for decorative and jewelry purposes, due to its ideal balance between hardness and luster.
- The price of a gram of 22-karat gold has risen to 512.5 riyals.
- The price of a gram of 18-karat gold: recorded 419.5 riyals, which is the preferred karat for gold jewelry with complex designs and many gemstones.
- The price of a gram of 14-karat gold reached 326 riyals.
- The price of a gram of 12-karat gold: recorded 279.5 riyals.
Prices of gold bars and gold sovereigns
In terms of larger investments, the price of an ounce of gold in Saudi Arabia today reached 17,386.75 riyals, while the price of a gold pound (which usually weighs 8 grams of 21-karat gold) reached 3,913 riyals, making it a preferred option for small investors who wish to preserve the value of their savings.
Economic context and the impact of gold in the Saudi market
Gold holds a special place in Saudi culture and the local economy, where it is viewed not merely as an adornment but as a safe haven for savings and preserving value, especially during times of global economic volatility. The price of gold in the Kingdom is closely linked to the global price per ounce in US dollars, due to the Saudi riyal's peg to the US dollar. This means that any movement in US markets or decisions by the US Federal Reserve are directly and immediately reflected in the local market.
Economic analysis suggests that today's slight increase comes amid anticipation of global economic indicators, with investors turning to gold as a hedge against inflation or currency fluctuations. The Saudi market is one of the largest gold markets in the Middle East, boasting a wide variety of both locally produced and imported gold, thus providing consumers with numerous options.
Buyer tips on workmanship
It's worth noting that the prices listed above represent the price of raw gold on the stock exchange, and a markup known as "craftsmanship" is usually added when purchasing from jewelry stores. The value of this markup varies depending on several factors, including the karat, the precision of the design, and the brand of the piece. Experts always advise, when buying for investment purposes (bullion and coins), to look for products with lower markups and from reputable companies to ensure easy resale in the future without significant losses on the manufacturing cost.
