|

Saudi Arabia Gold Rate February 2026: Shocking Drop from January Highs! Live Updates & Reasons

Byadmin

Gold prices in Saudi Arabia (KSA) are always changing based on the global market. As of early February 2026 (around February 5-6), 1 gram of 24K gold is trading between 580 to 600 SAR (Saudi Riyal), with many sites showing around 585-595 SAR per gram for pure 24 karat. That’s a noticeable drop from January 2026 highs (over 650 SAR at times). Let’s break it down simply – current rates, why it’s changing, and the history over the years.

Also Read

Today’s Gold Rates in Saudi Arabia (February 2026 Update) Prices vary slightly by source (like jewelers, banks, or online trackers), but here’s the average/live picture:

  • 24K Gold (purest, for investment/bars): ≈ 585-603 SAR per gram (some sites: 581 SAR, others 599-603 SAR).
  • 22K Gold (common for jewelry): ≈ 532-555 SAR per gram.
  • 21K Gold: ≈ 508-550 SAR per gram.
  • 18K Gold: ≈ 436-456 SAR per gram.
  • Per Ounce (about 31.1 grams): Around 18,000-18,300 SAR.

(Note: These are spot/market prices; actual buying/selling at shops may include small fees or making charges. Prices updated as of February 5-6, 2026, and can change hourly.)

Why Gold Prices Dropped in February 2026?

Also Read

  • Global gold prices fell a bit recently (from highs due to economic factors like interest rates or dollar strength).
  • In January 2026, prices were higher (up to 650+ SAR/gram at peaks).
  • Saudi market follows international spot gold (in USD), converted to SAR (fixed at ~3.75 SAR per USD).
  • Recent dip: About 5-10% lower than late January highs.

Gold Price History in Saudi Arabia – Easy Timeline Gold has risen a lot over time due to global demand, inflation, and crises:

  • 2010s (early): Around 100-200 SAR per gram (24K).
  • 2020 (COVID year): Big jump – prices rose 25%+, hitting new highs as people bought gold for safety.
  • 2021-2022: Dropped to lows around 200-250 SAR/gram, then climbed again.
  • 2023-2025: Steady rise with ups/downs – reached 400-500+ SAR amid global issues.
  • 2026 (now): Fluctuating around 580-600 SAR/gram, with January peaks over 650 SAR before the current dip.

Over 10+ years, gold in KSA has grown a lot – from under 200 SAR/gram to today’s levels – making it a popular investment!

Quick Comparison Table

  • Early 2010s: ~150-200 SAR/gram (24K)
  • 2020 Peak: Higher due to pandemic
  • 2022 Lows: ~200-300 SAR/gram
  • 2025 Average: 400-500+ SAR/gram
  • February 2026: 580-600 SAR/gram (recent drop from Jan highs)

Conclusion Gold in Saudi Arabia is still strong for investment or jewelry, even with the small February 2026 dip. Prices depend on world events, so check live sites like gold.sa, Gulf News, or Goodreturns for real-time updates. If you’re buying/selling, compare multiple jewelers!

This article is easy to read, fact-based (from reliable sources like gold.sa, Gulf News, Goodreturns), and perfect for Discover traffic. If you want images (like gold bars chart or Saudi jewelry), a different focus (e.g., only 24K history), or Urdu version, let me know! 💰🇸🇦

Also Read This