Gold Coin Price in KSA​ Today

The gold pound in the Kingdom of Saudi Arabia is a long-standing investment and heritage choice, retaining its value through the ages and enjoying wide trust among savers and investors. Gold pound prices are directly influenced by global gold prices, in addition to local supply and demand factors and manufacturing costs (craftsmanship), making it vital for anyone interested in the precious metals market to follow its prices.

The Most Traded Gold Pounds in Saudi Arabia

Two main types of gold pounds dominate trading in the Saudi market, each with its own distinguishing characteristics:

1. The Saudi Arabian Gold Pound:

This pound is known as the preferred national choice and features the following specifications:

• Weight: 8 grams.
• Karat: 22 karat, which means the pure gold content is 91.6%, with the remainder being other metals to increase its hardness.
• Design: It bears engravings and designs that reflect Saudi heritage, adding symbolic value to its material worth.
• The Saudi pound is considered an excellent option for investors who prefer local products and is readily available at most gold and jewelry merchants in the Kingdom.

2. The British “George” Gold Pound:

This pound enjoys international fame and a strong presence in the Saudi market. Its specifications are:

• Weight: 8 grams.
• Karat: It is often 22 karat, but it is also available in 21-karat versions in some markets, specifically in Saudi Arabia.
• Design: It is distinguished by the engraved image of King George V, a classic and globally recognized design, making it easy to trade and sell not only within Saudi Arabia but also abroad.
• The “George” pound is an attractive option for those seeking a gold piece with broad international recognition.

Which is Better for Investment: The Gold Pound or Gold Bars?

When considering investing in gold, the question often arises as to the most suitable option: is it the gold pound or the gold bar? The answer largely depends on the investor’s goals and the size of their capital.

Comparison Criterion	Gold Pound	Gold Bar
Craftsmanship / Workmanship	The craftsmanship cost (manufacturing fee) is relatively higher compared to bars of the same weight, due to the precision of the engravings and design.	It is characterized by its low manufacturing cost, and this cost decreases as the weight of the bar increases, making it the most suitable choice for large investment sums.
Liquidity	It has very high liquidity and is easy to buy and sell due to its fixed weight and wide popularity, especially among small savers.	It offers excellent liquidity, especially for small and medium weights. Large bars may require more time to be liquidated.
Variety of Weights	It comes in a nearly fixed weight (8 grams), with smaller denominations available such as the half pound (4 grams) and the quarter pound (2 grams).	It is available in a very wide range of weights, starting from 1 gram up to a kilogram and more, which gives the investor greater flexibility.
Karat	It is often 22 or 21 karat.	It is usually made of pure 24-karat gold (999.9 purity), making it the optimal choice for investments focused on gold purity.
Use / Usage	It can be used for adornment as a pendant after being placed in a frame (bezel), in addition to being a savings tool.	It is considered a purely investment tool aimed at preserving the value of money.

In conclusion: The gold pound is an ideal choice for small savers and those who wish to start with small amounts, or for those looking for a valuable gift that combines adornment and savings. As for gold bars, they are the best option for investors with larger sums who aim to reduce craftsmanship costs and obtain the purest grade of gold to preserve their wealth in the long term.