24K — Gold price in Saudi Arabia

Rules and sources

Amendments to Saudi Arabia's Precious Metals and Gemstones Law apply from 11 October 2025 and move supervision and licensing of the industry to the Ministry of Industry and Mineral Resources. The amended regulations no longer accept a karat as correct when it falls short by up to four parts, and forbid advertising precious-metal products without stating each product's type, weight, karat and price. وزارة التجارة: بدء العمل بتعديلات نظام المعادن الثمينة والأحجار الكريمة, checked 2026-10-13

In Saudi Arabia, the first supply of gold by its producer or refiner is zero-rated for VAT. Gold counts as supplied for investment when its purity is at least 99% and it is tradeable on the global bullion market. ZATCA: Implementing Regulations of the Value Added Tax Law (Supplies of Investment Metals), checked 2026-10-13