Silver Prices in Saudi Arabia

Silver price in Saudi Arabia today

A gram of fine (999) silver in Saudi Arabia is 6.28 SAR right now, an ounce 195.27 SAR and a kilo 6,277.96 SAR. Sterling silver .925 costs 5.81 SAR per gram because it contains only 92.5% pure metal.

The Saudi riyal is pegged to the US dollar at 3.75 riyals per dollar, so global price moves pass straight through to prices in SAR.

How we calculate these prices

We take the global price per ounce in dollars (52.07), divide by 31.1035 for the gram price, then multiply by the SAR exchange rate and the purity. Prices are indicative and exclude making charges or dealer margins.

Silver purity grades in Saudi Arabia

• Fine silver .999: 6.28 SAR per gram — used for bullion bars and coins.
• Sterling silver .925: 5.81 SAR per gram — the standard for jewellery and cutlery, alloyed with copper for strength.
• Coin silver .900: 5.65 SAR per gram — common in older coins, hence the name coin silver.

What silver is used for and what moves its price

More than half of global silver demand comes from industry — solar panels, electronics and medical uses — alongside jewellery and investment. Silver therefore reacts more to the economy and industrial activity than gold does, and its daily swings are usually larger.

Tips for buying silver in Saudi Arabia

• The gap between selling and buy-back prices on small silver bars is wider than for gold, because minting and shipping costs are large relative to the metal value.
• Check the purity stamp (999 or 925) and the refiner's name on the bar.
• Sterling silver jewellery is usually priced on design and workmanship more than metal weight.
• Tarnish is surface oxidation that does not change the metal value and can be cleaned gently.