Gold Price Calculator

How to use the gold calculator

Enter the weight in grams and choose the karat. The calculator shows the raw gold value at today's price, the price with making charge, the price including 15% VAT, and what a shop would pay if you sell it used. Leave the making charge empty to use the average for that karat.

Worked example

A 20 g 22K necklace: raw value 20 × 455.63 = 9,112.67 SAR; with making charge 10,612.67 SAR; with VAT about 12,204.57 SAR; resale about 9,012.67 SAR. See used gold prices for details.

What is the making charge?

The making charge (labour fee) pays for design and craftsmanship. In Saudi Arabia it is usually charged per gram – on average about 75 SAR/g for 22K and 125 SAR/g for 18K – and is higher for intricate or branded pieces. It is negotiable, especially in large souqs.

VAT on gold in Saudi Arabia

15% VAT applies to jewellery (gold value + making charge). Investment gold – bars and coins of 99% purity or more – is generally zero-rated when conditions are met. That is why gold bars are cheaper per gram than jewellery.

Karat, purity and hallmark

The hallmark stamped inside a ring or on a clasp tells you the karat – use it to choose the right karat in the calculator.