Premium by weight
The smaller the bar or coin, the higher the premium per gram because minting and packaging costs are roughly fixed. Bars of 20 g and up balance premium and liquidity.
Bars and gold coins value today
Metal value of the Saudi pound, British sovereign and common bars at their standard weights, at today's price in riyals.
| Item | Gross weight | Karat | Pure gold | Raw gold value today | Approximate buyback |
|---|---|---|---|---|---|
| Saudi gold poundMost common locally | 8 g | 21 | … | … | … |
| Half Saudi pound | 4 g | 21 | … | … | … |
| Quarter Saudi pound | 2 g | 21 | … | … | … |
| British sovereign7.32 g fine gold | 7.98 g | 22 | … | … | … |
| Half sovereign | 3.99 g | 22 | … | … | … |
| 1 g bar999.9 | 1 g | 24 | … | … | … |
| 5 g bar999.9 | 5 g | 24 | … | … | … |
| 10 g bar999.9 | 10 g | 24 | … | … | … |
| 20 g bar999.9 | 20 g | 24 | … | … | … |
| 50 g bar999.9 | 50 g | 24 | … | … | … |
| 100 g bar999.9 | 100 g | 24 | … | … | … |
| 1 oz coin or bar31.1035 g | 31.1035 g | 24 | … | … | … |
| 1 kg bar999.9 | 1000 g | 24 | … | … | … |
Metal value at today's price. Shops sell bars and coins at a premium over this value and buy them back at a discount. Sealed bars typically resell at 97% to 100% of metal value.