Saudi Arabia · SAR · Friday, August 28, 2020
Gold Price in Saudi Arabia — August 28, 2020
On August 28, 2020, gold in Saudi Arabia closed at approximately ﷼7,341 per troy ounce — about ﷼2,753 per tola or ﷼236 per gram. The figure is computed from the verified international XAU/USD spot price ($1,957.40/oz) × the day's SAR/USD exchange rate.
SAR / Troy Ounce
﷼7,341
31.1035 g
SAR / Gram
﷼236
1 g
SAR / Tola
﷼2,753
11.664 g
All unit prices on August 28, 2020 — Saudi Arabia
| Unit | Weight | SAR price |
|---|---|---|
| Troy ounce | 31.1035 g | ﷼7,341 |
| Gram | 1.0000 g | ﷼236 |
| 10 grams | 10 g | ﷼2,360 |
| Kilogram | 1,000 g | ﷼236,007 |
| Tola | 11.664 g | ﷼2,753 |
Karat-purity breakdown — August 28, 2020
| Karat | Per gram | Per 10g | Per tola |
|---|---|---|---|
| 24K | ﷼236 | ﷼2,358 | ﷼2,750 |
| 22K | ﷼216 | ﷼2,162 | ﷼2,522 |
| 21KSAUDI ARABIA STD | ﷼207 | ﷼2,065 | ﷼2,409 |
| 18K | ﷼177 | ﷼1,770 | ﷼2,065 |
| 14K | ﷼138 | ﷼1,381 | ﷼1,610 |
| 10K | ﷼98 | ﷼984 | ﷼1,148 |
Surrounding ±15 trading days — SAR
Price action on August 28, 2020
1-day move
vs prior session
7-day move
rolling week
30-day move
rolling month
YTD
since 1 Jan 2020
Calendar position
Day 241 of 366
Trading day
209th of 316
Position in 2020's range
81% (low $1,474.30 → high $2,067.20)
The Saudi Arabia gold market
Saudi Arabia's gold market is concentrated in Jeddah and Riyadh, with 21-karat being the regional jewellery standard rather than 22K. Retail prices are quoted per gram. The Kingdom applies a 15% VAT on jewellery making charges (not on the gold metal value itself for investment-grade bars). Saudi gold demand is strongly seasonal, peaking around weddings, Ramadan and Hajj.
Standard quote unit
gram
Common purity
21K
Currency
SAR (﷼)
August 28 in other years — Saudi Arabia
August 28, 2020 gold price in other countries
How this August 28, 2020 Saudi Arabia price is calculated
International benchmark. The XAU/USD spot price for August 28, 2020 comes from gold-api.com's historical archive — the London PM-fix benchmark, which is the reference used by central banks and bullion dealers globally. On this date, that price was $1,957.40/oz.
Currency conversion. The SAR/USD exchange rate for the same date comes from exchangerate-api.com. We apply that day's exact rate (3.7502) to the USD price — not a year-average or month-end approximation. This makes the ﷼ figure on this page accurate to the trading session.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417). We never compound rounding errors by going through intermediate units.
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Saudi Arabia, add the country-specific levies described in the “Saudi Arabia gold market” section above. The retail rate at a jeweller in Saudi Arabia on August 28, 2020 would have been a few percent above this number once those costs are included.
FAQ — Saudi Arabia gold price on August 28, 2020
What was the gold price in Saudi Arabia on August 28, 2020?
On August 28, 2020 (Friday), gold in Saudi Arabia traded at approximately ﷼7,341 per troy ounce. That works out to about ﷼236 per gram, ﷼2,753 per tola, and ﷼2,360 per 10 grams. The figure is derived from international XAU/USD spot of $1,957.40/oz × the day's SAR/USD exchange rate of 3.7502.
What was the 24K gold rate per tola in Saudi Arabia on August 28, 2020?
The 24K gold rate per tola in Saudi Arabia on August 28, 2020 was approximately ﷼2,750 (99.9% pure metal value). This excludes local taxes, dealer making charges and any country-specific levies — those add on top to produce the final retail rate.
What was the 21K gold rate in Saudi Arabia on August 28, 2020?
Saudi Arabia's most-quoted retail standard is 21K per gram. On August 28, 2020, that pure-metal value was approximately ﷼207. Add country-specific taxes and making charges (see the market-context section above) for the final retail rate.
How accurate is this number versus what jewellers were quoting?
The ﷼ figure on this page is the verified international XAU/USD spot price for August 28, 2020 multiplied by the day's exchange rate. It represents the pure metal value at international parity — what a London-fix benchmark would have implied. Local jewellers add (1) import duties + sales tax / VAT, (2) dealer making charges (typically 3–12% of metal value), and (3) any premium for purity certification. Final retail rates in Saudi Arabia typically sit a few percent above this number.
Was August 28, 2020 a trading day?
Yes — August 28, 2020 was the 209th trading session of 316 for 2020 on the international gold market. Fridays are typically active trading days unless they fall on a major holiday.
Want today's rate in Saudi Arabia? See live gold prices in Saudi Arabia with minute-by-minute updates and full karat breakdowns. To compare this archive figure against the live rate, that's where to go.
Different unit on this same date? The USD-only daily archive for August 28, 2020 includes per-day prices in 100+ other currencies and is the canonical reference page for this date.
Browse the archive. Step through every day of August 2020 in Saudi Arabia, see the full 2020 archive, or use our tola, gram and karat calculators for live calculations against today's rate.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested date, converted to SAR at the same day's exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Saudi Arabia before transacting.