Gold prices in Saudi Arabia witnessed a noticeable decline across all traded karats on Monday, December 29, 2025, influenced by the volatility affecting global gold markets. This drop presents a new opportunity for those planning weddings and investors looking to bolster their gold savings, particularly with the decrease in the price of a gram of 21-karat gold, the most sought-after and popular type in Saudi Arabia.
Gold price list today in Saudi Arabia
According to the latest updates in evening trading, gold prices in the Saudi market were as follows:
- The price of a gram of 24-karat gold: recorded 538 riyals. This is the highest-priced and most expensive karat, and is often used in gold bullion for investment.
- The price of a gram of 22-karat gold has decreased to 493.25 riyals.
- The price of a gram of 21-karat gold: recorded 470.75 riyals, which is the preferred karat for gold jewelry and ornaments in the Kingdom.
- The price of a gram of 18-karat gold reached 403.5 riyals, and it is witnessing increasing demand for its modern designs.
- The price of a gram of 14-karat gold: recorded 314 riyals.
- The price of a gram of 12-karat gold has dropped to 269 riyals.
of an ounce of gold was recorded at 16736.25 riyals, while the price of a gold pound 3766.5 riyals.
The Saudi market's connection to global markets
The price of gold in Saudi Arabia is closely linked to global market movements, as the local price is influenced by several economic factors, most notably the US dollar exchange rate, oil prices, and the US Federal Reserve's interest rate decisions. Investors typically turn to gold as a safe haven during times of economic uncertainty or geopolitical tensions, leading to price increases. Conversely, economic stability and a stronger dollar often result in lower prices for the precious metal, which explains the current volatility.
The importance of gold in Saudi culture and economy
Gold holds a special place in Saudi culture, not only as adornment and jewelry, but also as a safe haven for families to protect their wealth against inflation. The Kingdom boasts one of the largest gold markets in the Middle East, with the market experiencing significant activity, particularly during holidays and wedding seasons. Experts consistently advise monitoring the market closely, as buying during periods of low prices—like today—is considered a smart long-term investment strategy, given that gold historically tends to retain its value and appreciate over time.
