Silver Price Today in Saudi Arabia

Silver prices in Saudi Arabia

One gram of pure (999) silver costs 6.99 SAR today and one kilo about 6,991 SAR, based on 57.99 $ per ounce. Sterling silver (925), used in jewellery and cutlery, costs 6.47 SAR per gram of metal.

Silver trend

Silver moved -1.86% in the last week and -12.47% over 30 days. It is more volatile than gold; the gold/silver ratio is 71.1 today.

Silver vs. gold for saving

Silver is cheaper per gram and attracts investors who want to buy in small amounts, but it is bulkier to store and generally carries VAT. Compare with gold bars and the gold rate today.

Silver bar prices (estimate)

Dealers add a premium (often 10–30% for small bars) and VAT applies to silver in Saudi Arabia, so shop prices are higher than the metal value.

999 vs 925 silver

999 (fine) silver is 99.9% pure and used for bars and coins. 925 (sterling) silver contains 92.5% silver and 7.5% copper for strength – it is the standard for jewellery, rings and cutlery. When selling 925 jewellery, shops pay for the silver content minus their margin; craftsmanship is rarely refunded.

What drives the silver price?

About half of silver demand is industrial – solar panels, electronics and batteries – so silver reacts to the global economy as well as to the same factors as gold. That is why it usually moves more sharply than gold in both directions.