Gold Price FAQ
How often are gold prices updated?
Prices update automatically throughout the day from a global data provider, then are cached in the site database for fast delivery across pages.
Are these actual shop prices?
Prices shown are calculated market references based on the global gold price and FX. Actual shop prices may vary by workmanship, city, item type, and shop policy.
What is the difference between 21K and 24K?
24K is 100% pure gold, while 21K contains 87.5% gold and 12.5% other metals. 21K is the most common karat for jewelry in Saudi Arabia.
How do I calculate Zakat on gold?
If your gold reaches the Nisab of 85 grams of pure gold (24K) and you have held it for a full lunar year, Zakat is 2.5% of its value. Use our Zakat calculator.
What is the ounce price?
A troy ounce equals 31.1035 grams. The ounce price is the global reference price for gold, measured in US dollars.
Why do gold prices differ between shops?
Prices differ due to craftsmanship costs, type of piece, location, and the shop's profit margin.
Can I buy gold bars in Saudi Arabia?
Yes, you can purchase gold bars from banks and authorized dealers. Bars are typically priced closer to the global gold price with a small margin.