Gold prices in Saudi Arabia rose on Monday, according to FXStreet data. Gold was priced at SAR 622.23 per gram, up from SAR 614.75 on Friday.
The price per tola rose to SAR 7,257.45 from SAR 7,170.38 on Friday. Other quoted rates were SAR 6,221.77 for 10 grams and SAR 19,353.50 per troy ounce.
How Saudi Gold Prices Are Calculated
FXStreet calculates Saudi gold prices by converting global gold prices into SAR using the USD/SAR exchange rate and standard local units. Prices are updated daily at the time of publication and are for reference only. Local market prices may differ.
Central banks hold the most gold. According to the World Gold Council, they added 1,136 tonnes—worth about $70 billion—to their reserves in 2022. This was the highest annual total since records began.
Gold often moves in the opposite direction of the US Dollar and US Treasury yields. It can also move opposite to riskier assets. Key price drivers include geopolitical tensions, recession concerns, interest rates, and the strength of the US Dollar, since gold is priced in dollars (XAU/USD).
As of February 23, 2026, gold at SAR 19,353.50 per troy ounce suggests broader market support, not just a local move. It shows gold’s continued appeal in today’s economic climate. This support may affect volatility and price direction in the coming weeks.
Key Drivers To Monitor
Gold’s reputation as a safe-haven has been reinforced by the geopolitical instability seen throughout 2024 and 2025. Ongoing global tensions continue to push investors toward assets that are less tied to any single government or economy. That makes gold a common hedge when equity markets turn more volatile.
Central banks—especially in emerging markets—have kept buying heavily, following the record-setting pace of 2022 and 2023. Recent World Gold Council data shows central banks added more than 950 tonnes to reserves in 2025. This steady demand can help support prices and leaves less supply for private investors and traders.
Interest rates remain another key factor. After the Federal Reserve’s rate pauses in 2025, markets are now increasingly expecting cuts later in 2026. Lower rates reduce the cost of holding a non-yielding asset like gold. They can also weaken the US Dollar, which often moves in the opposite direction to gold.
For derivatives traders, this setup may favor strategies that benefit from more upside or higher volatility. Examples include buying call options or using bull call spreads on gold futures or ETFs. These approaches can offer defined risk while targeting a potential rally driven by safe-haven demand, ongoing central-bank buying, and looser monetary policy.
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