Precious metals & GCC exchange reference

Gulf rates hub: gold, silver and GCC currency pegs

Use this hub to check live international gold and silver spot benchmarks in Saudi Riyals (SAR), compare official GCC central-bank USD currency pegs, and understand how retail jewellery prices, making charges and ZATCA Value Added Tax (VAT) differ from raw market quotes.

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Gold & silver prices

CurrencyUnit

Gold · 24K: SAR 485.62
Silver: SAR 6.39

Gold purity equivalents — metal value only
Purity	SAR / gram
24K	SAR 485.62
22K	SAR 445.16
21K	SAR 424.92
18K	SAR 364.22

FX date: 2026-10-29. Currency conversions use daily exchange rates, rather than live FX.

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Live Gold & Silver Spot Converter

Compare 24K, 22K, 21K and 18K gold and silver per gram or troy ounce across SAR, AED, USD, EUR, GBP, PKR and INR with UTC source timestamps.

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Saudi Gold, Silver & ZATCA VAT Guide

Understand why 99%+ investment bullion is zero-rated (0% VAT) while retail gold jewellery and making charges carry 15% VAT in Saudi Arabia.

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Verify a Saudi VAT Number on ZATCA

Check a gold shop or supplier's VAT registration on ZATCA before paying a 15% tax invoice.

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Official GCC central-bank currency pegs (USD reference)

Five of the six Gulf Cooperation Council (GCC) currencies maintain a fixed official peg to the US Dollar through their respective central banks. When comparing salary offers, cross-border transfers or metal conversions, distinguish the official central-bank parity from the retail exchange rate quoted by a bank, card network or remittance provider.

Official GCC currency regimes and central-bank USD reference rates
Currency	Country & authority	Exchange regime	Official USD parity	Practical note for residents
SAR — Saudi Riyal	Saudi ArabiaSaudi Central Bank (SAMA)	Fixed USD peg	3.7500 SAR = 1 USD	Official peg maintained by SAMA. Retail remittance and card providers apply their own transfer fee or exchange margin.
AED — UAE Dirham	United Arab EmiratesCentral Bank of the UAE (CBUAE)	Fixed USD peg	3.6725 AED = 1 USD	Official midpoint rate since 1997. Exchange houses and banks quote separate buy/sell spreads for cash and wire transfers.
QAR — Qatari Riyal	QatarQatar Central Bank (QCB)	Fixed USD peg	3.6400 QAR = 1 USD	Official parity set by Royal Decree. Retail foreign-exchange counters charge a small spread around 3.64 QAR.
BHD — Bahraini Dinar	BahrainCentral Bank of Bahrain (CBB)	Fixed USD peg	0.3760 BHD = 1 USD	1 BHD equals approximately 2.6596 USD (or 9.9734 SAR at official parities), divided into 1,000 fils.
OMR — Omani Rial	OmanCentral Bank of Oman (CBO)	Fixed USD peg	0.3845 OMR = 1 USD	1 OMR equals approximately 2.6008 USD, divided into 1,000 baisa.
KWD — Kuwaiti Dinar	KuwaitCentral Bank of Kuwait (CBK)	Undisclosed currency basket	Floating basket reference	Unlike the other five GCC states, Kuwait pegs the dinar to a weighted basket of international currencies rather than a fixed USD parity.

Spot metal prices versus retail shop invoices

A live spot price measures the wholesale international benchmark for one troy ounce (31.1035 grams) of fine metal. When you buy physical gold or silver in Riyadh, Jeddah, Dammam, Dubai or Doha, the retail checkout price includes four separate components:

Intrinsic metal value: Weight in grams multiplied by the current per-gram reference for that purity (24K = 99.9%, 22K = 91.67%, 21K = 87.5%, 18K = 75.0%).
Making charges (musana'iya / workmanship): The per-gram or fixed fabrication fee charged by the jeweller or refinery, which varies by design complexity and origin.
Dealer spread and bar premium: Small minting, assaying and physical distribution margins on sealed bars and coins.
Value Added Tax (VAT): Under Saudi ZATCA rules, qualifying investment bullion of 99% purity or higher in tradable ingot/bar/coin form is zero-rated (0% VAT), whereas jewellery and ornaments of any karat carry 15% VAT on the combined metal value and making charge.