Historical Gold Price Records
Ounce Price
Prices of a gram of gold in the previous days
| Data Date | ||
|---|---|---|
| Date | Price in SAR | Price in USD |
| Average price | ||
| The prices shown above are the raw gold prices or (fractional) according to the caliber and do not include the manufacturer and the merchant's profit | ||
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Gold Price History in Saudi Arabia: A Look at Gold Price
Movements Over the Past Few Years
Don’t rely on luck… Monitor gold price movements and invest wisely!
Gold prices in Saudi Arabia have experienced notable fluctuations over the past years (in January
2018, the price of 24K gold per gram was around 157.6 SAR, while in January 2023, it reached
about 241 SAR for the same karat).
These changes have been influenced by several factors, most
notably global shifts in the price of an ounce (the outbreak of the Ukraine war increased global
demand for gold, leading to a significant surge in the price of gold), the exchange rate of the Riyal
to the Dollar, and regional and global political and economic developments.
A Glimpse at Gold Prices in Recent Years
Key Milestones in Gold Price Changes from 2020 to Present!
2020: Gold prices saw a historic rise, influenced by the Covid-19 pandemic, where the global price
of an ounce exceeded $2,000. This surge reflected in the Saudi local market, with the price of 24K
gold rising by 25%.
2021-2022: Gold prices gradually decreased with the economic recovery and the U.S. Federal
Reserve raising interest rates. In January 2021, the price of 24K gold stood at around 230 SAR,
and it continued to drop to about 205 SAR by mid-2022.
2023: The market saw relative stability, with a year-over-year growth of about 13%, after
experiencing fluctuations between its lowest points near $1,800 and its highest at $2,135.40 per
ounce, which is roughly 7,794 SAR by December 2023.
2024-2025: Gold prices began to rise again, driven by global market tensions and increased
demand for gold as a safe haven.
Why Do Investors Pay Attention to Gold Price History?
Understanding the Past Helps You Predict the Future
Investors, particularly those in the Gulf region, take a keen interest in the history of gold prices as
it aids them in predicting market trends and determining the best times to buy and sell. It also
helps in assessing the performance of gold relative to other assets and knowing the ideal price for
reselling gold items.
All of these insights enhance the decision-making process when investing in gold.
Track the History of Gold Prices Accurately with Gold.sa
Monitor, Analyze, and Make Your Decision with Gold!
Gold.sa offers a comprehensive record of gold prices in the Saudi market,
allowing you to track daily changes in gold prices in Saudi Riyals or
USD for all karats (24, 22, 21, 18). You can also
browse prices from previous years and months,
comparing different periods with just one click.
Start using the Gold Price History tool on Gold.sa
now to compare gold prices between any two dates!
FAQs:
1- When is the best time to buy gold?
The best time to buy gold is when its price is low, either globally or locally, especially after political and economic crises, or during periods of economic recession.
2- Which is better for investment, 21K or 18K gold?
21K gold is better for investment and savings than 18K because it has a higher purity, reaching 87.5% pure gold compared to 18K, which contains 75% pure gold.
3- How do I calculate the price of gold when purchasing in Saudi Arabia?
The simplest way to calculate the price of gold is by using the gold price calculator available on Gold.sa. Just select the appropriate karat, enter the weight of the piece, and the result will show the raw price.
Alternatively, you can calculate the gold price manually using this formula:
Gold Price = (Weight of Gold × Price per Gram based on Karat) + Manufacturing Fees + Tax (if applicable)
4- In which month is the price of gold at its lowest?
Gold prices tend to decrease during the summer months of June and July due to lower demand for gold during this period, as people travel for holidays. Therefore, it is advised to buy during these months. However, several factors affect the price of gold, such as global political and economic changes, as well as supply and demand levels.
5- What is the current price of 21K gold in Saudi Arabia?
As of August 3, 2025, the price of 21K gold is:
- Selling Price: 350.88 SAR per gram
- Buying Price: 409.88 SAR per gram
Track the price of 21K gold in real-time on the Gold.sa website.