Understanding the Gold Price History Chart Saudi Arabia is essential for investors, collectors, and anyone looking to manage their gold savings effectively. Gold has always been a valuable asset in Saudi Arabia, influenced by global markets and local demand.
Tracking historical trends allows you to analyze gold market price fluctuations, plan future purchases, and calculate Zakat on gold accurately. Whether you hold gold for adornment / jewelry or investment purposes, knowing past price movements helps in making informed decisions. Using a reliable chart ensures you understand the current gold price, recognize patterns, and comply with Sharia guidelines when calculating your obligations.
Historical Gold Prices
in Saudi Arabia (SAR)
Current Price
--.--
SAR / Troy Ounce
30-Day Change
--.--%
▲ ▼
Year High/Low
--.-- / --.--
SAR / Troy Ounce
Gold Price - Last 30 Days
Performance Metrics
Trend Analysis
Loading trend data...
Strength: --
Historical Price Data
| Date | Price | Change |
|---|
Last updated: --
Historical Gold Price Trends in Saudi Arabia
Over the past decade, gold prices in Saudi Arabia have experienced steady growth, reflecting both local demand and global economic shifts. Events such as oil price fluctuations, geopolitical tensions, and gold market price fluctuations globally have significantly influenced local rates.
Historical charts of Gold show that gold kept for savings often appreciates over time, making it crucial for owners to monitor values. Understanding past trends helps in planning investments and knowing when to pay Zakat due on stored gold.
Understanding Gold Zakat in Islam
Zakat on gold is a religious duty for all Zakat for Muslims who own sufficient wealth. It is one of the five pillars of Islam, ensuring wealth circulates and supports the needy. Compliance with Islamic law requires calculating Zakat based on the total value of gold and paying it annually.
The obligation applies to both gold savings and gold for adornment / jewelry if it is kept unused. Following Sharia guidelines, Zakat ensures that wealth is purified and socially responsible.
Conditions for Paying Zakat on Gold
Zakat becomes mandatory when four conditions are met. First, the person must be Muslim. Second, they must have full ownership of gold. Third, the gold must reach the minimum threshold (nisab), equivalent to 85 grams of pure gold. Fourth, a lunar year must pass while the gold remains in their possession.
Even gold kept for savings or unused jewelry counts toward Zakat. Knowing these conditions ensures timely and proper Zakat payment. Paying attention to the weight of gold in grams and its gold purity (18K, 21K, 22K, 24K) is essential.
How to Calculate Zakat on Gold
Calculating Zakat is straightforward. Take the total value of gold, multiply by Zakat percentage (2.5%), and the result is your due amount. For example, 100 grams of 21K gold at 250 SAR per gram gives a total value of 25,000 SAR. The Zakat due is 625 SAR.
Using this method ensures proper Zakat calculation and helps avoid mistakes. It also provides a clear example calculation of Zakat, making it easy to pay either in cash or gold payment according to your choice.
Gold Zakat Calculator Tools
Online tools simplify Zakat calculation significantly. By using a Gold Zakat Calculator online, you can input the weight of gold in grams, gold purity, and current gold price to instantly see the Zakat Amount in Saudi Riyals / US Dollars.
These calculators are very helpful for beginners or anyone managing multiple holdings. They ensure accurate Zakat calculation and make paying Zakat on gold fast, simple, and reliable.
Combining Gold and Silver Holdings for Zakat
Zakat rules also allow combining gold and silver holdings when calculating your payment. The combined value affects whether you reach the minimum threshold (nisab) and therefore whether Zakat is due.
For households with mixed holdings, it’s important to tally gold kept for savings with silver assets. Accurate calculation prevents underpayment and ensures full compliance with Islamic law.
Future Gold Price Predictions in Saudi Arabia
Experts forecast that gold prices in Saudi Arabia will continue to fluctuate with global economic conditions. Factors such as oil prices, inflation, and regional demand heavily influence gold market price fluctuations.
Investors and savers can use these predictions to plan their Zakat payment and investment strategies. By tracking gold kept for savings, owners can make timely decisions on when to buy, sell, or calculate Zakat.
Help, Resources, and FAQs on Gold Price and Zakat
Several online resources and platforms provide guidance on paying Zakat on gold. Official websites and Gold Zakat Calculator tools offer accurate results while adhering to Sharia guidelines.
Common questions include whether Zakat is due on jewelry used daily, whether payment must be in cash, and how to handle mixed holdings. Using official calculators or consulting local scholars ensures proper Zakat calculation and full compliance.