Price Calculation Methodology

How We Calculate Gold Prices

We rely on trusted sources to calculate gold prices in Saudi Arabia:

1. Global Ounce Price: We fetch XAU/USD from certified financial data sources, updated every few minutes.
2. USD/SAR Exchange Rate: We use the official Saudi Riyal to US Dollar exchange rate (approximately 3.75 SAR).
3. Gram Price: We divide the ounce price by 31.1035 (grams per troy ounce) and multiply by the exchange rate.
4. Karats: We apply purity ratios for each karat:
   • 24K = 100% pure gold
   • 22K = 91.67%
   • 21K = 87.5%
   • 18K = 75%
5. Buy/Sell Prices: We add an estimated 3% margin above and below the gram price to approximate retail pricing.

Note: Prices shown are indicative and may differ from actual prices at gold and jewelry shops.