Gold rate today in the UAE, Saudi Arabia and the Gulf

The same piece in all six Gulf countries now

Convert the gram price in the UAE, Saudi Arabia, Bahrain and Oman to dollars and it is almost the same, because their currencies are pegged to the dollar. What changes the final price is VAT and the making charge. The next calculator takes one piece with one making rate and prices it in all six countries, cheapest first.

Karat24K22K21K18K

Weight

g

Making charge as % of gold value

%

One rate everywhere, so only VAT makes the difference

Last recorded ounce price: 4,162.10 USD· 13 October 2026, 21:13 GMT· gold-api.com

Cheapest country for this piece, VAT included

Kuwait

KWD 824

Kuwait · 0%	KWD 824 · USD 2,650
Qatar · 0%	QAR 9,644 · USD 2,650
UAE · 5%	AED 10,217 · USD 2,782
Oman · 5%	OMR 1,070 · USD 2,782
Bahrain · 10%	BHD 1,096 · USD 2,914
Saudi Arabia · 15%	SAR 11,426 · USD 3,047

Why our figure does not always match the shop board

A gold shop board shows the shop’s selling price per gram, which is the raw gold value plus a margin. In Saudi Arabia boards usually follow the simple ratio between karats, so a gram of 21K is seven eighths of a gram of 24K. In the Dubai Gold Souk the margin is added in dirhams per gram, so 22K or 18K look dearer than their ratio. Neither figure is wrong: ours is the metal value, the board is the shop price. The gap between them is what you pay the shop before the making charge, and you can see it in numbers by typing the board price into the jewellery price calculator.

There is a third reason sites disagree: many news pages publish the gold price day by day in separate articles, so a page from last month or the start of the year appears in search results as today’s price. That is why we print, under the calculator, the ounce price we used and its time in GMT, so you always know when the figure you see was recorded.

The exchange rates we use

Each currency has an official source. The UAE central bank lists the dollar at 3.6725 dirhams in its tables. The Saudi Central Bank states its commitment to 3.75 riyals per dollar. The Central Bank of Bahrain pegs the dinar at 0.376 per dollar. The Central Bank of Oman fixes the rial at USD 2.6008. The Central Bank of Kuwait pegs the dinar to a basket, so we use today’s rate, as for the Qatari riyal, with a fallback from the UAE central bank official table.

VAT on gold in each country

UAE: 5% on jewellery under Federal Decree-Law No. 8 of 2017, and zero on investment bars and coins from any seller. Saudi Arabia: 15% on jewellery under Article 2 of the VAT Law, and zero on investment metal only for the first supply by a producer or refiner. Bahrain: 10%. Oman: 5%. Kuwait and Qatar: no VAT as of our review. Wherever VAT applies, it is charged on gold and making together; details on the UAE VAT page and the Saudi VAT page.

Three questions before any purchase

First, what karat is stamped on the piece? The gap between 21K and 22K alone is about 5% of the gram price. Second, how is the making charge set, per gram, as a percentage or per piece? It is the only line you can negotiate. Third, what would a shop pay if you sold it back? The making charge and VAT do not come back. Each question has a calculator: the karat converter, the making charge comparison and the buy and sell gap.

Gold for zakat and for saving

Anyone holding gold in several karats needs to convert it to pure gold before comparing it with the nisab, twenty mithqal according to the fatwa of Sheikh Ibn Baz. The zakat calculator does that and works out one fortieth at today’s price, leaving you to decide whether worn jewellery counts, since scholars disagree. Anyone saving in gold can compare bars with jewellery on the gold bars page, where VAT rules differ sharply between the UAE and Saudi Arabia.

The gold price in recent years

For the trend we rely on the World Bank monthly averages, published under an open licence. The table below shows the yearly average ounce and the matching 24K gram in riyals and dirhams; month-by-month detail is on the gold price history page.

Who works out these figures

The site is published by Radif Partners, an independent publisher that sells no gold and takes no commission from any shop. Every figure comes either from the ounce price we fetch from gold-api.com or from an official text named and linked on the page. The full method, with its limits, is on the method page, and who we are and why we built the site is on the about page. What sets the site apart from the first search result is that it works the price out in front of you now, with your country’s VAT, instead of an article written weeks ago.