Gold prices in Saudi Arabia saw a notable increase at the start of trading on Monday, December 1, 2025, continuing their recent upward trend. This rise is influenced by global movements in the price of the precious metal, which is considered a safe haven for investors during times of economic uncertainty. The price of a gram of 21-karat gold, the most common and traded type in local markets, recorded a new surge, attracting the attention of both consumers and investors.
Gold price list in Saudi Arabia today, Monday, December 1, 2025
Below is a breakdown of gold prices for different carats in Saudi Riyals, according to the latest market updates:
- The price of one gram of 24-karat gold is 512.5 Saudi Riyals.
- The price of one gram of 22-karat gold is 469.75 Saudi Riyals.
- The price of one gram of 21-karat gold is 448.25 Saudi Riyals.
- The price of one gram of 18-karat gold is 384.25 Saudi Riyals.
- The price of one gram of 14-karat gold is 299 Saudi Riyals.
- The price of one gram of 12-karat gold is 256.25 Saudi Riyals.
The price of an ounce of gold in the Saudi market reached 15,938.25 riyals, while the price of a gold pound was recorded at 3,578 riyals.
Global factors affecting gold prices
Local gold price movements cannot be understood without considering the broader picture in global markets. Gold is priced globally in US dollars, meaning any change in the dollar's strength directly impacts its price in other currencies, including the Saudi riyal. When the dollar weakens, gold becomes cheaper for holders of other currencies, increasing demand and driving up its price, and vice versa.
In addition, the monetary policies of major central banks, most notably the US Federal Reserve, play a pivotal role. When interest rates rise, investors tend to favor yield-generating assets like bonds, diminishing the appeal of gold, which does not offer a return. Conversely, in a low-interest-rate environment, gold's allure as an inflation hedge increases. Furthermore, geopolitical tensions and global economic turmoil drive investors toward safe havens, with gold historically being a prime example.
The importance of gold in the Saudi market and the impact of rising prices
Gold holds a special place in Saudi culture. It is not merely an investment commodity, but an integral part of social occasions such as weddings, where it is presented as a valuable gift (the dowry). Therefore, rising gold prices directly impact the budgets of families preparing for marriage. On the other hand, many Saudis consider buying gold, whether in the form of bars or coins, an effective way to preserve the value of their savings and protect them from the erosion of purchasing power due to inflation. Rising prices lead to increased selling by investors seeking profits, while consumers may hesitate to buy, creating a state of anticipation in retail markets.
Given the continued volatility in the global economy, gold prices are expected to remain volatile. Experts advise consumers and investors to closely monitor global inflation data and central bank decisions, as these factors will be the primary drivers of the precious metal's price movements in the coming period.
