Today Gold Rate in Madinah
Gold rate in Madinah per gram
Gold shops in Madinah are concentrated in the central area around the Prophet's Mosque, plus known markets such as Al Dawli Market, Souq Bilal and Souq Quba. Many visitors choose light 21K and 18K pieces as gifts.
As in Makkah, shops right next to the Haram sometimes charge more for making, so compare before buying and ask for an invoice showing karat, weight and making charge.
Famous gold markets – Madinah
- Central area — gold shops in the markets and malls around the Prophet's Mosque, serving visitors
- Al Dawli Market — a well-known Madinah market with gold and jewellery shops
- Souq Bilal — a popular market with gold shops
- Souq Quba — another known gold market in Madinah
Opening hours and details can change – please confirm before visiting.
Shop buy & sell prices in Madinah
| Karat | Sell used | Buy new + making |
|---|---|---|
| 2222K | 450.63 | 530.63 |
| 2121K | 429.92 | 509.92 |
| 1818K | 367.79 | 497.79 |
| 1414K | 284.95 | 414.95 |
Gold rate by city
Gold prices in Madinah today
Today in Madinah one gram of 22K gold costs 455.63 SAR, 24K 497.05 SAR and 21K 434.92 SAR before making charges. Many visitors to Madinah choose light 21K and 18K pieces as gifts, available in markets near the Prophet's Mosque and in shopping malls.
Buying gold in Madinah: tips
- Ask for the price per gram and the making charge separately (average for 22K ≈ 75 SAR/g).
- Compare at least three shops in the same market before buying.
- Expect 15% VAT on jewellery; investment bars are generally VAT-free – see gold bar prices.
- Selling? Shops pay about 450.63 SAR/g for used 22K – details on used gold prices.
Related pages
Frequently asked questions
What is the gold rate in Madinah today?
22K gold is 455.63 SAR per gram and 24K is 497.05 SAR per gram in Madinah today.
Is gold cheaper in Madinah?
The raw gold price is the same across Saudi Arabia. Compare making charges between shops in Madinah to get the best deal.