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 Gold prices in the Kingdom of Saudi Arabia recorded modest gains across all purities on Monday, August 24, 2026, tracking broader strength in international bullion markets.

Globally, spot gold prices continued their upward trajectory, reaching their highest level in over three months. Market participants worldwide remain focused on incoming U.S. inflation readings alongside an upcoming policy address by Federal Reserve Chair Kevin Warsh scheduled for later this week.

In the Kingdom, gold continues to see consistent retail and institutional demand as a primary safe-haven asset and wealth-preservation vehicle against global macroeconomic volatility.

Saudi Arabia Gold Rates Snapshot (Monday, August 24, 2026)

The table below summarizes the latest retail benchmark prices across Saudi Arabia, based on data from the Saudi Gold Price platform:

Gold Karat / UnitPrice (SAR)Equivalent (USD)Market Segment & Purity

24-Karat Gold (per gram)547.5$146.0Raw bullion, investment-grade bars & ingots

22-Karat Gold (per gram)512.7$136.7Traditional Gulf & regional jewelry designs

21-Karat Gold (per gram)489.4$130.5Core retail & commercial jewelry benchmark

Key Market Drivers & Macro Backdrop

Global Multi-Month Peak: International bullion sustained its momentum to hit a three-month high, providing direct pricing tailwinds across GCC domestic precious metal markets.

Federal Reserve Watch: Currency and commodity desks are closely analyzing upcoming U.S. consumer price data and monetary policy guidance from the Federal Reserve for directional cues on global liquidity.

Safe-Haven Inflows: Steady local purchasing power and sustained interest in physical bullion continue to reinforce domestic market liquidity across Saudi jewelry and precious metals hubs.