Saudi Gold market remains stable while buyers face online threats / Image Credit: AI-generated illustration
Saudi gold prices remained steady on October 26, 2025, with 24, 22, and 18 Carat rates showing little fluctuation. Authorities, however, are warning buyers to stay vigilant against online scams, emphasizing purchases only from licensed dealers to avoid counterfeit gold and fraudulent transactions.
Gold prices in Saudi Arabia today
As of October 26, 2025, gold prices across Saudi Arabia have remained stable:
- 24 Carat: SAR 507 per gram
- 22 Carat: SAR 466 per gram
- 18 Carat: SAR 381 per gram
The market has seen minor fluctuations over the past month, but prices are holding steady, giving buyers confidence in predictable trends.
Why should buyers be cautious online?
Abu Dhabi Police and cybersecurity experts have issued strong warnings against buying gold online, particularly if offered at “discounted” rates. Fraudsters are using social media platforms, Telegram groups, and even TikTok livestreams to lure buyers with fake gold or gold-backed digital tokens.Key risks include:
- Payment scams where the seller disappears after an advance deposit
- Fake AI-powered trading bots and digital wallets showing fabricated gold balances
- Counterfeit gold sold under the guise of real offers
Lieutenant Colonel Ali Faris Al Nuaimi of Abu Dhabi Police emphasized buying only from licensed, accredited sellers in person, and reporting suspicious websites or ads immediately via the Aman hotline (8002626), SMS (2828), or email (aman@adpolice.gov.ae).
How to protect yourself?
To avoid becoming a victim of fraud, follow these official consumer protection guidelines when purchasing gold:
- Verify Online Stores: Before purchasing, use the “Enquiry on E-Commerce Documentation” service on the Saudi Business Center platform to confirm the seller is registered, legitimate, and compliant with local regulations.
- Insist on Documentation: Always receive a stamped invoice that clearly details:The store’s name, address, and commercial registration number.The date, weight, purity (carat), and description of the item.
- Check for Markings: Ensure the gold piece has a visible carat marking and the manufacturer’s or importer’s hallmark.
- Exercise Skepticism: Be highly skeptical of any gold advertised at heavily discounted prices (e.g., 50% off market value), as genuine gold prices are relatively fixed by the global market.
- Buy from Trusted Sources: The safest option remains purchasing from well-known, licensed, and reputable gold shops and dealers.
Bottom line
Gold in Saudi Arabia is stable and in demand, but authorities are clear: avoid online gold purchases unless verified. With licensed shops and banks offering transparent prices, buyers can invest confidently in 24, 22, or 18 Carat gold. Vigilance and informed decisions remain the keys to safe investment and jewelry purchase. Go to Source
