Gold prices in Saudi Arabia witnessed a notable increase across all karats traded in local markets on Monday, January 19, 2026, influenced by the volatility prevailing in global gold markets. This rise reflects the Saudi market's close correlation with global price movements, as gold is considered a safe haven that investors typically turn to during times of economic uncertainty or currency fluctuations.
Economic context and the impact of global markets
Gold prices in Saudi Arabia are directly influenced by the global price per ounce, as well as other factors such as the dollar exchange rate and the volume of local supply and demand. A rise in global prices typically leads to an immediate increase in the local market, as was evident in this morning's trading. Economic analysts are closely monitoring these movements, as gold is considered an important indicator of the economic situation and a preferred store of value for Saudis, whether for adornment, investment, or savings.
Price of one gram of 24-karat gold (pure gold)
563.25 riyals on Monday , compared to 554 riyals at yesterday's close. This karat is the purest and is primarily used in gold bullion, which is favored by investors for preserving their capital due to its freedom from impurities and copper, making it the preferred choice for long-term savings.
Price of a gram of 21-karat gold (most popular)
The price of a gram of 21-karat gold, the most traded and sold karat in the Kingdom, jumped to 492.75 riyals , compared to 484.75 riyals in yesterday's trading. This karat is widely popular in the jewelry industry due to its ideal balance between purity and durability, making it suitable for everyday wear and social occasions. Its price increase directly impacts buying and selling activity in jewelry stores.
Prices of other calibers in the Saudi market
The increase included all other traded gold grades, and the prices were as follows:
- 22-karat gold: rose to 516.25 riyals, compared to 507.75 riyals yesterday.
- 18 karat: recorded 422.25 riyals, which is the preferred karat for gold jewelry with complex designs and gemstones.
- 14 karat: Its price reached 328.5 riyals.
- 12-karat gold: recorded 281.5 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 17,515 riyals , a figure reflecting the global value of the metal. Meanwhile, the price of a gold sovereign (which typically weighs 8 grams of 21-karat gold) reached 3,942 riyals . The gold sovereign is a preferred option for small investors who wish to store their savings in easily liquid gold assets that can be sold when needed.
Experts always advise following price updates moment by moment before making buying or selling decisions, especially in light of the rapid movements that financial markets are witnessing at the present time.
