Gold prices in Saudi Arabia saw a notable increase during trading on Tuesday, January 27, 2026, continuing the volatility seen in the precious metal in global markets. This rise comes as consumers and investors await future price trends, particularly given their close link to global economic developments.
The price of a gram of 21-karat gold, which is the most popular and traded in the Saudi market, has recorded a new rise, reflecting the state of local demand and its direct impact on global stock exchanges.
Gold price list in Saudi Arabia today
The gold prices in Saudi Arabia today, Tuesday, including manufacturing costs and taxes, are as follows:
- The price of a gram of 24-karat gold reached 613 Saudi Riyals, compared to 608.75 Riyals at yesterday's close.
- The price of a gram of 22-karat gold rose to 561.75 riyals, after it had been 558 riyals.
- The price of a gram of 21-karat gold: recorded 536.5 riyals, up from 532.5 riyals yesterday.
- The price of a gram of 18-karat gold reached 459.75 riyals, compared to 456.5 riyals at the previous close.
- The price of a gram of 14-karat gold reached 357.5 riyals.
- The price of a gram of 12-karat gold rose to 306.5 riyals.
In terms of bullion, the price of an ounce of gold in Saudi Arabia was recorded at 19,064.5 riyals, while the price of a gold pound was 4,290.5 riyals.
General context and historical background of gold fluctuations
Historically, gold has been considered a safe haven for investors worldwide, who turn to it as a hedge against inflation and economic and political instability. Its price is directly affected by several global factors, most notably the exchange rate of the US dollar, which has an inverse relationship with gold; as the dollar rises, the price of gold typically falls, and vice versa. Interest rate decisions by major central banks, particularly the US Federal Reserve, also play a pivotal role. Raising interest rates increases the opportunity cost of holding gold, which does not generate returns, potentially diminishing its appeal.
The importance of the event and its expected impact
Locally, rising gold prices directly impact consumers in Saudi Arabia, particularly those who purchase gold jewelry for adornment or as gifts for social occasions. They also affect savers who view gold as a long-term investment tool to preserve the value of their wealth. Regionally, the Kingdom is one of the largest gold markets in the Middle East, and any price fluctuations have repercussions in neighboring markets. Internationally, these fluctuations reflect uncertainty in the global economy and the policies of major investors and global investment funds, making monitoring gold prices a crucial indicator of the health of the global economy and investor confidence.
