Why bars are 24K
Investment gold of 99% purity or higher is zero-rated for VAT in Saudi Arabia, sells at a small premium over the raw price and is bought back at a small discount. It is the cheapest way to own gold for saving.
24 karat gold price today in Saudi Arabia
24 karat is almost pure gold at 99.9% with the "999" hallmark, the standard for investment bars and coins. This page shows the 24K gram price in Saudi riyals from the live global price.
Live price · Karat 24 ·
477.20SAR per gram▲ 0.54%
10 grams
4,772.04 SAR
Gold pound (8 g)
3,817.63 SAR
Tola (11.664 g)
5,566.01 SAR
Troy ounce
14,843 SAR
24 karat gold is 477.20 SAR per gram, calculated from the 24 karat price of 477.20 SAR multiplied by its purity of 99.9%. A used-gold buyer would typically offer between 405.62 and 453.34 SAR per gram.
Karat 24 · Last 24 months
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High: … · Low: …Value of 24 karat gold by weight
| Weight | Raw gold value | Expected scrap offer (90%) |
|---|---|---|
| 1 grams | 477.20 SAR | 429.48 SAR |
| 2 grams | 954.41 SAR | 858.97 SAR |
| 5 grams | 2,386.02 SAR | 2,147.42 SAR |
| 10 grams | 4,772.04 SAR | 4,294.84 SAR |
| 20 grams | 9,544.08 SAR | 8,589.67 SAR |
| 50 grams | 23,860 SAR | 21,474 SAR |
| 100 grams | 47,720 SAR | 42,948 SAR |
Raw gold value excludes making charges and VAT at the shop, and is the ceiling scrap buyers work down from.
What to know about 24 karat gold
Is 24K jewelry practical?
Pure gold is soft and scratches or bends easily, so it is unsuitable for fine work or daily wear. Jewelry is made in 21K or 18K, and 24K is reserved for bars and coins.
How to compare bar prices
Divide the bar price by its weight and compare with the gram price above. The difference is the real premium. 1% to 3% is reasonable for mid sizes and rises for very small bars.
999 versus 999.9
Both count as 24 karat. 999.9 is a slightly higher purity used by most major refineries on modern bars; the value difference is negligible.
Frequently asked questions
What is the 24K gram price today?
The live price is at the top of the page in riyals: global ounce price ÷ 31.1035 × 3.75.
Is VAT charged on 24K bars?
Bars and coins of 99% purity or higher are zero-rated for VAT when bought from a registered business. Check ZATCA guidance for details.
What does a shop pay for a 24K bar?
Sealed bars in original packaging are usually bought close to the raw price with a small discount, unlike jewelry which is bought as scrap at 85% to 95%.