Gold Rate in Madina Today
22K gold costs 435.35 SAR per gram in Madinah today, 24K 474.80 SAR and 21K 415.86 SAR. The gold rate is the same everywhere in Saudi Arabia; shops differ only in making charges.
22K gold rate in Saudi Arabia
Live 22K gold value per gram, 8 g, 10 g, tola and ounce.
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Gold rate in Madinah: quick guide
Reference price, where to buy and sell, and tips for selling gold in Madinah.
Is gold cheaper in Madinah?
No. Gold is priced internationally in US dollars and converted to saudi riyals, so the reference price is the same across Saudi Arabia. Today 22K is 435.35 SAR per gram and 24K 474.80 SAR. What differs in Madinah is the making charge and each shop's margin.
Buying and selling
- Area
- Madinah Province
- Where
- Gold and jewellery shops, gold souks, bullion dealers
- Typical hours
- Sat–Thu 10 am–11 pm, Fri 4 pm–11 pm (varies by shop)
- Now
- —
Checklist before selling
- Ask two or three shops before you sell.
- Ask them to weigh the piece in front of you and test the karat.
- Ask for the price per gram and the karat they accept, not just the total.
- Stones and non-gold parts are deducted: ask how they calculate it.
- Bring your ID and the original invoice if you have it.
Gold selling rate in Saudi Arabia: what dealers pay per gram
Gold value and estimated buying price by karat. Stones are deducted; real offers vary between dealers.
| Karat | Gold value / g | Dealer buys / g | Per tola | 10 grams |
|---|---|---|---|---|
| 2424K gold (999) | 474.80 | 467.68 | 5,454.88 | 4,676.75 |
| 2222K gold (916) | 435.35 | 422.28 | 4,925.50 | 4,222.90 |
| 2121K gold (875) | 415.86 | 403.39 | 4,705.03 | 4,033.88 |
| 1818K gold (750) | 356.45 | 342.20 | 3,991.31 | 3,421.96 |
| 1414K gold (585) | 278.03 | 261.35 | 3,048.37 | 2,613.52 |
In SAR. Making charges paid when buying are not refunded when you sell.
Gold price with making charges today in Saudi Arabia
Gold price per gram + an example making charge per gram, with 15% VAT on the full price (gold + making). Change the making charge to match your shop.
| Karat | Gold / gram | Making / gram (SAR) | Gram with making | 10 grams | 1 tola |
|---|---|---|---|---|---|
| 2424K | 474.80 | 591.90 | 5,919.05 | 6,903.86 | |
| 2222K | 435.35 | 560.93 | 5,609.33 | 6,542.61 | |
| 2121K | 415.86 | 537.11 | 5,371.12 | 6,264.77 | |
| 1818K | 356.45 | 475.99 | 4,759.89 | 5,551.84 |
The default making charge is only an example; every shop sets its own depending on design and weight. When you sell, making charges are not refunded.
Gold rate in cities in Saudi Arabia
Cities with typical gold shop hours and whether shops are usually open now. They may close on public holidays.
| City | Area | Typical hours | Now | Link |
|---|---|---|---|---|
| Riyadh | Riyadh Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
| Jeddah | Makkah Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
| Dammam | Eastern Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
| Makkah | Makkah Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
| Madinah | Madinah Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
| Jubail | Eastern Province | Sat–Thu 10 am–11 pm Fri 4 pm–11 pm | — | Gold rate → |
Gold in Madinah
In Madinah, gold and jewellery shops are found in the central area around Al-Masjid an-Nabawi and in the city's malls, and are visited by residents and pilgrims alike.
VAT in Saudi Arabia is 15% on gold jewellery and making charges, while investment gold of 99% purity or more (bars and coins) is zero-rated when the conditions are met. Ask the shop for a tax invoice showing weight, karat, making charge and VAT.
Frequently asked questions
Is gold cheaper in Madinah?
No. The gold value is the same across Saudi Arabia because it comes from the international price and the exchange rate. Differences between shops in Madinah come from making charges and dealer margins.
What is the 22K gold rate in Madinah today?
22K gold is 435.35 SAR per gram right now, 5,077.83 SAR per tola (gold value, without making charges).