Gold prices in Saudi Arabia remained relatively stable at the start of trading on Sunday, January 11, 2026, in the gold and jewelry markets, coinciding with the weekend closure of global stock exchanges. This stability follows a period of fluctuation in the price of the precious metal globally, which directly impacted the local market in the Kingdom. Investors and consumers are awaiting the opening of global markets tomorrow to determine the next price direction.
Details of today's gold prices in Saudi Arabia
The prices of various gold karats remained stable, with the price of a gram of 21-karat gold, the most popular and sought-after in Saudi Arabia due to its suitability for jewelry and ornaments, holding steady at its recent levels. The detailed price list for Sunday is as follows:
- The price of a gram of 24-karat gold is 543.75 Saudi Riyals. This karat is considered the most refined and the best for those wishing to buy gold bullion for long-term savings and investment.
- The price of a gram of 22-karat gold: settled at 498.5 Saudi Riyals.
- The price of a gram of 21-karat gold reached 475.75 Saudi Riyals.
- The price of a gram of 18-karat gold: recorded 407.75 Saudi Riyals, which is the common karat in jewelry that contains gemstones and precious stones.
- The price of a gram of 14-karat gold reached 317.25 Saudi Riyals.
- The price of a gram of 12-karat gold: settled at 272 Saudi Riyals.
Prices of gold bars and gold sovereigns
Regarding larger gold weights, the price of an ounce of gold in Saudi Arabia today was approximately 1691.25 riyals (according to available data), while the price of a gold pound was 3806.5 riyals. Gold pounds and bullion are preferred options for savers who wish to preserve the value of their money without the high manufacturing costs typically added to jewelry.
Factors affecting the Saudi gold market
In Saudi Arabia, gold is an integral part of the local culture, not only as an adornment but also as a store of value and a safe haven during times of economic uncertainty. Local prices are influenced by several key factors, most notably the global price per ounce on metal exchanges, the US dollar exchange rate, and domestic supply and demand.
It is well-established in economics that there is often a direct correlation between oil and gold prices in the Gulf countries, as higher oil revenues lead to increased liquidity and demand for gold. Decisions by the US Federal Reserve regarding interest rates also play a crucial role in shaping prices; raising interest rates often puts downward pressure on gold, which does not generate returns, and vice versa.
Tips for those about to buy
Economic and jewelry experts advise consumers in Saudi Arabia to carefully monitor the market before purchasing, especially in large quantities. For those looking to invest, 24-karat gold (bullion) is always recommended due to its lower manufacturing costs, while 21-karat gold is advised for personal use and adornment because of its durability and the wide variety of designs available in Saudi markets.
