Gold prices in Saudi Arabia saw a notable increase on Tuesday, January 13, 2026, influenced by the volatility affecting global gold markets. This price movement comes amidst widespread anticipation from investors and those planning weddings, as gold is considered the primary safe haven during times of economic uncertainty.
Details of today's gold prices in Saudi Arabia
In evening trading today, various gold purities saw mixed movements, with a general upward trend, particularly among the most traded purities. Below is a detailed list of prices per gram according to the latest market updates:
- The price of a gram of 24-karat gold: The price reached 553.75 riyals, which is the Ankara karat and the most used in gold bullion intended for long-term investment and savings.
- The price of a gram of 22-karat gold has risen to 507.5 riyals. This karat is characterized by its high purity and suitability for some heritage crafts.
- The price of a gram of 21-karat gold is 484.5 riyals. This karat is the most popular and best-selling in Saudi Arabia due to its ideal balance between price and quality, and the wide variety of designs available in jewelry stores.
- The price of a gram of 18-karat gold reached 415.25 riyals, which is the preferred choice for modern jewelry and light sets.
- The price of a gram of 14-karat gold: recorded 323 riyals.
- The price of a gram of 12-karat gold witnessed a slight decrease, contrary to the general trend, to record 276.75 riyals.
Prices of gold bars and gold sovereigns
In terms of larger investments, an ounce of gold in Saudi Arabia today recorded a price of 17,222.25 riyals, while the price of a gold pound (weighing 8 grams of 21-karat gold) reached about 3,876 riyals, which makes it a preferred option for small investors who want to preserve the value of their savings.
Factors affecting gold prices globally and locally
The surge in gold prices in Saudi Arabia cannot be viewed in isolation from the global economic context. The price of gold is closely linked to several fundamental factors, most notably the strength of the US dollar; there is a traditional inverse relationship between the two: the weaker the dollar, the more attractive gold becomes for holders of other currencies. Furthermore, decisions by global central banks regarding interest rates play a crucial role in directing liquidity towards gold or bonds.
Locally, the Saudi market is affected by seasonal demand, particularly during wedding and holiday seasons, which can add a price margin known as "manufacturing fee" that varies from one merchant to another and from one region to another. Experts always advise monitoring the market in real time before making buying or selling decisions, especially given the rapid fluctuations recently witnessed in financial markets.
The importance of gold as a store of value
Historically, gold has maintained its position as a hedge against inflation and currency fluctuations. Amidst the economic changes the world is witnessing, the precious metal remains a cornerstone of investment portfolios, for both individuals and institutions. The current surge reflects the continued confidence of Saudi consumers in gold, not only as an adornment but also as a safe investment asset that ensures long-term financial stability.
