Gold Price in Jeddah: Live Rate, Markets & Buying Guide
Last updated: 30 October 2026. This guide explains the gold price in Jeddah, where to buy gold, and how to compare shop quotes fairly. First, the most important fact: there is no separate Jeddah gold price. Jeddah, Riyadh and Dammam all use the same Saudi national spot price; a Jeddah shop’s price differs only by its own margin, making charges and promotions. So the live price to check is the Saudi Arabia price — the value of this guide is the local part: the markets, the malls and the buying advice.
The gold price in Jeddah is the Saudi national price
Gold is priced from one global spot price per troy ounce, converted into Saudi riyals. That national reference rate is the same in every Saudi city. Market reference rates are the same across Riyadh, Jeddah and Dammam — what changes from shop to shop is the retail part of the price: the making charge, the shop’s margin, and any promotion running that week.
That is why two shops can quote different final prices on the same day for a similar piece: the spot price moves during the day, and each shop adds its own charges on top. There is no “Jeddah rate” to look up separately — any site claiming a special Jeddah price is quoting the national price with a margin added, or a stale figure.
Check the live price on the Gold Price in Saudi Arabia page before you go shopping: it shows the live per-gram price for every karat in SAR, refreshes about every 60 seconds, and shows the last-updated time. The table shows the raw spot rate before dealer commission and labour charges, so the shop price will usually be higher.
How to check the live gold price before you buy
Do this on the day you buy — the price moves while the market is open.
- Check the per-gram price for your karat. On the Gold Price in Saudi Arabia page, find the karat you want — 21K and 22K are common for jewellery, 24K for bars and coins.
- Work out the metal value of the piece. Use the Gold Value Calculator: enter the weight and karat and it gives the metal value at the live spot price, before dealer charges — the number to compare against the shop’s total price.
- Convert units before you compare. If one shop quotes per tola and another per gram, use the Gold Price per Gram, Tola and Ounce Converter to put both on the same unit — one tola is 11.6638 grams, one troy ounce 31.1034768 grams.
- Check how much pure gold is actually in the piece. The Gold Weight and Purity Calculator turns a total weight and karat into the pure-gold weight — 22K is 91.67% pure, 21K 87.50%. Jewellers buy and sell on pure-gold content, so this is the figure that matters.
Where to buy gold in Jeddah
Jeddah has two kinds of gold shopping: the old souqs of Al Balad and the modern gold mall. Comparing the two is the best way to learn what making charges really cost.
Al Balad Gold Market (Souq Al-Dahab)
The most reliable gold market in Jeddah is the Al Balad Gold Market (Al-Zal market) on Al-Alawi Street, in the historic Al-Balad district of central Jeddah — a UNESCO World Heritage site. It is the city’s main gold souq: dozens of shops side by side, with 22K gold at competitive prices, so you can compare making charges on similar pieces within minutes.
Address: Gold Market (Souq Al-Dahab), Al-Balad, Jeddah. Souq Al Alawi, Al Dahab St, Al-Balad, is open roughly 08:00–23:00 (Sunday to Thursday and Saturday 08:00–23:00, Friday 12:00–23:00). View Souq Al Alawi on Google Maps.
Oasis Mall — Jeddah’s main gold hub
The big gold mall in Jeddah is Oasis Mall (also listed as Mahmoud Saeed Oasis Mall), at 2222 King Fahd Branch Rd, Al-Warood, Jeddah 23221. King Fahd Road was formerly Al Sitteen Street, which is why locals call the area “Seteen Road near Sharfia”. The mall has seven floors, with the ground and first floors full of gold shops and a distinctive navy-blue exterior. Open daily 9 am to 11:30 pm, phone +966 12 650 1603.
Oasis Mall became Jeddah’s main gold hub after the old Kandara (Souq Yamama) gold market was demolished in the Jeddah redevelopment and most of its gold shops moved here. If you prefer air conditioning and brand names over souq bargaining, start here. View Oasis Mall on Google Maps.
Souk Al-Nada
Souk Al-Nada, in the Al-Balad district, is one of Jeddah’s oldest markets, with around 500 outlets including gold shops — a good second stop after the main gold souq if you want more shops to compare. Address: 7095 Al Balad District, Jeddah 22233. Hours daily 09:00–23:00, phone +966 50 610 0485. View Souk Al-Nada on Google Maps.
Mahmal Gold Center and the malls
Mahmal Gold Center is another known Jeddah gold area. For mall shopping, Red Sea Mall and Mall of Arabia in north Jeddah have jewellery stores, including a Mouawad boutique at Red Sea Mall, and Al-Tahlia Street has luxury boutiques.
The most-recommended and trusted chain names in Jeddah guides are Malabar Gold & Diamonds (Gold Souq, Jeddah), Joyalukkas (Madeena St, Jeddah), Damas Jewellery and L’azurde. These are the names buyers mention most often — not a ranking, and not a guarantee — so treat them as a starting point and still compare making charges across two or three shops.
What you will actually pay in a Jeddah shop
The final price of a piece of gold jewellery in Jeddah is the metal value plus the shop’s charges: making charges for the craftsmanship, its own margin, and VAT where applicable. Making charges are the biggest reason quotes differ — they vary by design, brand and shop, and are charged per gram or as a flat amount.
So compare the total price of the same piece in two or three shops, not just the per-gram rate: a shop with a low per-gram rate and high making charges can be more expensive overall. Ask every shop for the full breakdown — metal value, making charge, total — and keep the receipt and any certificate.
For bars and coins, 24K is the usual choice for investment — its making charges are lowest relative to the metal value. For everyday jewellery, 21K and 22K are the common choices because the alloy makes the piece harder and more wearable than pure 24K gold.
Buying tips for Jeddah
- Check the live price on the day you buy, and value the piece first with the Gold Value Calculator.
- Compare making charges across two or three shops before you buy — in Al Balad the shops are side by side, so this takes minutes.
- Check the hallmark and karat — 22K or 916 means 22 karat, 21K or 875 means 21 karat. If a piece is unmarked or the mark looks worn, have it tested first.
- Weigh the piece and check the pure-gold content with the Gold Weight and Purity Calculator — stones, clasps and springs add weight without adding gold.
- Keep the receipt and certificate — you will need them if you ever resell the piece.
- Match the karat to the purpose: 21K and 22K for everyday jewellery, 24K for bars and coins.
For the live price, start at the ToolZana home page or the gold price in Saudi Arabia — and compare making charges in Al Balad and at Oasis Mall before you decide.
Frequently Asked Questions
What is the gold price in Jeddah today?
There is no separate Jeddah price. Jeddah uses the Saudi national spot price, shown live on the Gold Price in Saudi Arabia page in SAR per gram, with the last-updated time. Prices refresh about every 60 seconds.
Is the gold price in Jeddah the same as in Riyadh?
Yes. The market reference rates are the same across Riyadh, Jeddah and Dammam. What differs between cities — and between shops in the same city — is the retail price: the shop’s margin, making charges and promotions.
Where is the best place to buy gold in Jeddah?
For the widest choice and the easiest comparison, the Al Balad Gold Market (Souq Al-Dahab) on Al-Alawi Street, where dozens of shops sit side by side. For modern mall shopping, Oasis Mall on King Fahd Road is Jeddah’s main gold hub. The most-recommended chain names in guides are Malabar Gold & Diamonds, Joyalukkas, Damas Jewellery and L’azurde — a starting point, not a ranking.
What are making charges, and why do they differ between shops?
Making charges pay for the craftsmanship that turns raw gold into a finished piece. They vary by design, brand and shop, and are charged per gram or as a flat amount. That is why the total price of the same piece can differ between shops even when the metal value is the same — always compare the total price, not just the per-gram rate.
Which karat is most common in Jeddah shops?
21K and 22K gold are the common choices for jewellery in Saudi Arabia, while 24K gold is the usual choice for bars and coins. The 24K price is the reference for the metal value; the karat fraction (22/24 or 21/24) gives the price for lower karats.
How do I check the live gold price before buying?
Open the Gold Price in Saudi Arabia page and check the per-gram price for your karat, then use the Gold Value Calculator to work out the metal value of the exact weight you plan to buy.
What is the difference between the spot price and the shop price?
The spot price is the raw market rate for the metal. The shop price adds making charges, labour and the shop’s margin — and VAT where applicable — so the price you pay is usually higher than the spot price shown on a price page.
Is gold cheaper in the souq or in a mall in Jeddah?
There is no fixed rule. In the Al Balad souq, shops compete side by side, so making charges are easy to compare and negotiate. Mall shops offer brands, fixed prices and certificates. The cheapest option for a given piece is the one with the lowest total price after making charges — compare the same piece in both before deciding.
How do I convert a per-tola quote to per gram?
Divide the per-tola price by 11.6638, the number of grams in one tola. The Gold Price per Gram, Tola and Ounce Converter does this for you, and also converts troy ounces (31.1034768 grams) and kilograms.
What should I check before paying for gold in Jeddah?
Check the hallmark and karat, weigh the piece, work out the pure-gold content, compare the total price (metal value plus making charges) across two or three shops, and keep the receipt and any certificate. If the piece is unmarked or of unknown origin, have it tested first.