Gold Price per Ounce 24K in Saudi Arabia (999)

Last update: Sunday, 10 November 2024, 6:26 PM According to the time zone of Riyadh

10,082.62 Saudi Arabian Riyal/Ounce 24K
Live
2,684.28 U.S. Dollar/Ounce 24K

Gold price per Ounce 24K in Saudi Arabia is 10,082.62 Saudi Arabian Riyal (SAR) per Ounce 24K.

This page shows the current today's gold price per Ounce 24K in Saudi Arabia in Saudi Arabian Riyal (SAR). Gold karat 24 is the most pure and the most expensive form of gold. It contains about 99.9% of gold. Gold 24K is also called 999 gold.

Gold Price per Ounce 24K in Saudi Arabia in Saudi Arabian Riyal and Other Major Currencies

Gold Ounce 24K
Saudi Arabian Riyal 10,082.62
U.S. Dollar 2,684.28
Euro 2,504.46
British Pound 2,078.11

Gold Price Chart Saudi Arabian Riyal/Ounce 24K

Gold Price for 24K in Saudi Arabia in Saudi Arabian Riyal For Different Units (Weights)

Gold 24K
Ounce 24K 10,082.62
Gram 24K 324.20
Kilogram 24K 324,200.06
Tola 24K 3,780.98

Gold price in Saudi Arabia in November 2024 in Saudi Arabian Riyal/Ounce 24K

Date Gold Ounce 24K
9 November 2024 10,082.21 Saudi Arabian Riyal
8 November 2024 10,127.17 Saudi Arabian Riyal
7 November 2024 9,988.94 Saudi Arabian Riyal
6 November 2024 10,294.13 Saudi Arabian Riyal
5 November 2024 10,268.84 Saudi Arabian Riyal
4 November 2024 10,272.00 Saudi Arabian Riyal
3 November 2024 10,251.45 Saudi Arabian Riyal
2 November 2024 10,271.19 Saudi Arabian Riyal
1 November 2024 10,338.95 Saudi Arabian Riyal
31 October 2024 10,455.61 Saudi Arabian Riyal
29 October 2024 10,342.01 Saudi Arabian Riyal
28 October 2024 10,269.11 Saudi Arabian Riyal
27 October 2024 10,319.33 Saudi Arabian Riyal
26 October 2024 10,311.90 Saudi Arabian Riyal
25 October 2024 10,245.79 Saudi Arabian Riyal
24 October 2024 10,273.34 Saudi Arabian Riyal
23 October 2024 10,195.36 Saudi Arabian Riyal
18 October 2024 10,187.11 Saudi Arabian Riyal
17 October 2024 10,067.60 Saudi Arabian Riyal
16 October 2024 10,012.53 Saudi Arabian Riyal
15 October 2024 9,920.85 Saudi Arabian Riyal
14 October 2024 9,987.10 Saudi Arabian Riyal
11 October 2024 9,965.89 Saudi Arabian Riyal
12 October 2024 9,988.11 Saudi Arabian Riyal
11 October 2024 9,933.68 Saudi Arabian Riyal
10 October 2024 9,803.76 Saudi Arabian Riyal
9 October 2024 9,828.80 Saudi Arabian Riyal
8 October 2024 9,936.72 Saudi Arabian Riyal
7 October 2024 9,937.83 Saudi Arabian Riyal
6 October 2024 9,963.61 Saudi Arabian Riyal

How to Calculate the Price of Ounce 24K Gold in Saudi Arabia

  1. Find the current price of gold per ounce 24K

    Check the gold price in United States dollar per ounce 24K from a trusted source (e.g., 2,684)

  2. Convert the price of gold from United States dollar to Saudi Arabian Riyal

    Assume the exchange rate is 4 Saudi Arabian Riyal per United States dollar. Use the formula:

    Gold price in Saudi Arabian Riyal = Gold price in United States dollar × United States dollar to Saudi Arabian Riyal exchange rate
    Gold price in Saudi Arabian Riyal = 2,684 × 4 = 10,083 Saudi Arabian Riyal per ounce 24K
  3. Add the manufacturing cost

    Assume making charges are 100 Saudi Arabian Riyal per gram. The final price is:

    Making charges = making charges per gram × 31.1
    Making charges = 100 × 31.1 = 3,110.00
    Final price of Ounce 24K gold = Price per Ounce of 24K gold + Making charges
    Final price of Ounce 24K gold = 10,082.62 + 3,110.00 = 13,192.62 Saudi Arabian Riyal
  4. Conclusion

    The price of 1 Ounce 24K gold with making charges is approximately 13,192.62 Saudi Arabian Riyal.

Gold Making Charges in Saudi Arabia

In Saudi Arabia, the making charges for gold jewelry are an important factor to consider when purchasing gold items. These charges typically range from 5% to 15% of the gold price per gram, depending on the intricacy of the design and the jeweler's reputation. For instance, if the market price of gold is approximately 250 SAR per gram, the making charges can add an additional cost of around 12.5 SAR to 37.5 SAR per gram.

The absolute value varies widely as it is influenced by the craftsmanship involved, whether the piece is handmade or machine-made, and the complexity of design elements. High-end jewelry with intricate designs may incur making charges on the higher end of the spectrum, while simpler designs typically attract lower percentages.

It's advisable for consumers to inquire about these charges before making a purchase, as this can significantly affect the overall cost of the jewelry. Understanding these aspects can help buyers make informed decisions and find the best value for their investment in gold in Saudi Arabia.