Gold prices in Saudi Arabia rise today

Gold prices in Saudi Arabia witnessed a noticeable increase today, Wednesday, August 5, 2026, across all denominations compared to yesterday's prices, amid a global decline in the dollar, which has made the metal more attractive as a safe haven. The price of 24-karat gold per gram reached approximately 498.3 Saudi riyals (132.9 USD), while 21-karat gold was around 436.1 riyals (116.3 USD), and 22-karat gold stood at approximately 456.8 riyals (121.8 USD). Gold bullion prices also rose, with a 10-gram 24-karat bar costing about 5,122.9 riyals (1,366.1 USD), a 50-gram bar approximately 25,265.5 riyals (6,737.5 USD), and one kilogram around 501,820.9 riyals (133,818.9 USD). Globally, spot gold increased by 0.1% to $4,081.09 per ounce, while US futures declined by 0.4% to $4,137.20, as the continued weakening of the dollar enhances gold's appeal to investors. Markets are awaiting the release of the US July jobs report and the Federal Reserve's policy statements.

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