Saudi Arabia · SAR · February 2021
Gold Price in Saudi Arabia — February 2021
In February 2021, the gold price in Saudi Arabia closed at approximately ﷼6,600 per troy ounce, equivalent to ﷼2,475 per tola or ﷼212 per gram. This represents a -5.53% change on the month (﷼6,986 open → ﷼6,600 close).
Open
﷼6,986
per troy ounce
Close
﷼6,600
per troy ounce
High
﷼6,986
per troy ounce
Low
﷼6,536
per troy ounce
All unit prices at February 2021 close — Saudi Arabia
| Unit | Weight | Closing SAR price |
|---|---|---|
| Troy ounce | 31.1035 g | ﷼6,600 |
| Gram | 1.0000 g | ﷼212 |
| 10 grams | 10 g | ﷼2,122 |
| Kilogram | 1,000 g | ﷼212,189 |
| Tola | 11.664 g | ﷼2,475 |
Karat-purity breakdown at February 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24K | ﷼212 | ﷼2,472 |
| 22K | ﷼194 | ﷼2,267 |
| 21KSAUDI ARABIA STD | ﷼186 | ﷼2,166 |
| 18K | ﷼159 | ﷼1,856 |
| 14K | ﷼124 | ﷼1,448 |
| 10K | ﷼88 | ﷼1,032 |
Daily gold price in SAR — February 2021
February 2021 gold market: Surging bond yields hit gold
BearishA bond-market tantrum drove real yields and gold's opportunity cost higher.
Gold fell to around $1,730 in February as a sharp 'bond tantrum' pushed US 10-year Treasury yields up toward 1.5%. Rising real yields raised the opportunity cost of holding non-yielding gold even as the economic outlook brightened.
What drove gold in February 2021
- 10-year yield surging toward 1.5%
- reflation and stimulus expectations
- rising real yields
- ETF outflows
Key events in February 2021
- Feb 25Bond selloff accelerates; gold drops with bullion ETFs
What happened next
The yield spike peaked in March, after which gold found a floor.
For gold buyers in Saudi Arabia
February showed gold's sensitivity to real yields — a brighter economy plus rising rates is the metal's least favourable backdrop.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
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 (﷼)
Daily gold price — February 2021, Saudi Arabia
﷼6,986
$1,863.00/oz
﷼6,874
$1,833.10/oz
﷼6,883
$1,835.50/oz
﷼6,697
$1,785.90/oz
﷼6,761
$1,803.00/oz
﷼6,897
$1,839.23/oz
﷼6,882
$1,835.30/oz
﷼6,899
$1,839.60/oz
﷼6,910
$1,842.70/oz
﷼6,900
$1,840.10/oz
﷼6,812
$1,816.40/oz
﷼6,852
$1,827.10/oz
﷼6,815
$1,817.30/oz
﷼6,729
$1,794.30/oz
﷼6,678
$1,780.70/oz
﷼6,650
$1,773.20/oz
﷼6,698
$1,786.20/oz
﷼6,798
$1,812.72/oz
﷼6,778
$1,807.50/oz
﷼6,749
$1,799.70/oz
﷼6,705
$1,788.00/oz
﷼6,674
$1,779.70/oz
﷼6,536
$1,742.90/oz
﷼6,600
$1,759.95/oz
How Saudi Arabia gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The SAR/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every SAR figure on this page is computed as XAU/USD price × SAR/USD rate. We use the year-end exchange rate consistently across all February 2021 prices on this page.
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).
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 Arabiagold market” section above.
FAQ — Saudi Arabia gold price in February 2021
What was the gold price in Saudi Arabia in February 2021?
In February 2021, gold in Saudi Arabia opened at ﷼6,986/oz and closed at ﷼6,600/oz — a move of -5.53% on the month. Per tola: ≈﷼2,475; per gram: ≈﷼212; per 10g: ≈﷼2,122.
What was the 24K gold rate per tola in Saudi Arabia in February 2021?
The 24K gold rate per tola in Saudi Arabia at the February 2021 close was approximately ﷼2,475, derived from international XAU/USD spot of $1,759.95/oz times the 2021-end SAR/USD exchange rate of 3.75. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 21K gold rate per gram in Saudi Arabia in February 2021?
Saudi Arabia's most-quoted retail standard is 21K per gram. At the February 2021 close, that worked out to approximately ﷼186 (21K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
SAR prices on this page are computed from the verified international XAU/USD spot price for February 2021 (sourced from gold-api.com), multiplied by the 2021-end SAR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ﷼ figures here represent the international gold spot price converted to SAR at the 2021-end exchange rate. Saudi Arabia's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Saudi Arabia? See live gold prices in Saudi Arabia with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only February 2021 page with the country-by-country list at the bottom.
Other markets? Compare February 2021 prices across other major gold-trading countries: Pakistan, India, United Arab Emirates, United States, United Kingdom.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to SAR at the 2021-end 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.