How is VAT applied to gold purchases in Saudi Arabia?

Under ZATCA regulations, investment gold bars and coins (purity 99% or higher) are 0% VAT. For jewelry, the 15% VAT is applied strictly to the workmanship charge (المصنعية) rather than the raw gold metal value.

What is the most popular gold karat in Saudi Arabia?

21 Karat (87.5% purity) is the standard and most popular gold karat for jewelry in Saudi Arabia and the GCC, followed by 18 Karat.

🇸🇦 ZATCA Gold Workmanship VAT Compliant

Purity 24k / 22k / 21k / 18k

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Saudi Gold & Silver Price Calculator

Calculate exact gold jewelry and bullion prices in SAR with purity adjustments (24k, 22k, 21k, 18k), workmanship, and 15% VAT breakdown.

Weight

Weight Unit

Purity / Karat

Base 24k Gram Price (SAR)

Adjustable based on daily market price

Workmanship per Gram (SAR)

Enter 0 for raw bullion or scrap gold

Estimated Gold Price Breakdown

Grand Total Purchase Price (with VAT)

Raw Metal Value --

Price per Gram --

Total Workmanship --

15% VAT on Workmanship --

Buying and Selling Gold in Saudi Arabia: Complete Consumer Guide

Gold trading in Saudi Arabia (across iconic markets like Deira Gold Souq in Riyadh and Al Balad in Jeddah) is regulated to ensure purity and transparent customer billing.

Standard Karat Breakdown & Purity:

24 Karat (999): Pure 100% investment gold used for minted bullion bars.
21 Karat (875): The traditional choice in Saudi Arabia combining rich golden luster with optimal durability for daily wear.
18 Karat (750): Ideal for intricate designs and diamond-studded luxury jewelry.

Frequently Asked Questions

When selling used gold, jewelers deduct the workmanship fee and any non-gold stones, paying solely for the raw net gold weight at the prevailing spot market price.

One Tola equals exactly 11.6638 grams. A standard 10-Tola bar equals approximately 116.64 grams.