Gold Price in the Middle East Today
The souks of Dubai, the bazaars of Istanbul, the jewellery shops of Riyadh and Tehran — 24K gold prices per gram across every Middle Eastern market, in local currency and US dollars.
Prices as of 14 Nov 2026 · refreshed twice daily
24K gold price in Middle East by country
Wholesale 24K (99.9% pure) gold prices per gram, derived from the international XAU/USD spot price and the local exchange rate. Retail jewellery prices add making charges, taxes and dealer margins on top of these figures.
| Country | 24K per gram | 24K per gram (USD) | 24K per ounce | Country page |
|---|---|---|---|---|
| 🇧🇭Bahrain(BHD) | BD 46.996 | $124.99 | BD 1,461.739 | View rates |
| 🇮🇷Iran(IRR) | ﷼ 231,576,233 | $124.99 | ﷼ 7,202,825,991 | View rates |
| 🇮🇶Iraq(IQD) | ع.د 189,267.61 | $124.99 | ع.د 5,886,880.72 | View rates |
| 🇮🇱Israel(ILS) | ₪ 400.91 | $124.99 | ₪ 12,469.69 | View rates |
| 🇯🇴Jordan(JOD) | JD 88.617 | $124.99 | JD 2,756.297 | View rates |
| 🇰🇼Kuwait(KWD) | KD 38.908 | $124.99 | KD 1,210.174 | View rates |
| 🇱🇧Lebanon(LBP) | L£ 11,186,537 | $124.99 | L£ 347,940,194 | View rates |
| 🇴🇲Oman(OMR) | ر.ع. 48.058 | $124.99 | ر.ع. 1,494.771 | View rates |
| 🇶🇦Qatar(QAR) | QR 454.96 | $124.99 | QR 14,150.84 | View rates |
| 🇸🇦Saudi Arabia(SAR) | SR 468.71 | $124.99 | SR 14,578.51 | View rates |
| 🇸🇾Syria(SYP) | £S 15,239 | $124.99 | £S 473,986 | View rates |
| 🇹🇷Turkey(TRY) | ₺ 6,295.62 | $124.99 | ₺ 195,815.67 | View rates |
| 🇦🇪UAE(AED) | AED 459.02 | $124.99 | AED 14,277.12 | View rates |
| 🇾🇪Yemen(YER) | ﷼ 29,585.63 | $124.99 | ﷼ 920,215.96 | View rates |
Gold in the Middle East: souks, savings and ceremony
The Middle East is gold’s great crossroads. Dubai has grown into one of the world’s largest physical gold trading centres — its Gold Souk, a warren of hundreds of shops in Deira, is both a tourist landmark and a serious wholesale market, and the city’s refineries and free zones move metal between Africa, Asia and Europe. Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman all run deep jewellery cultures in which 21K and 22K gold is the standard gift at weddings and Eid, and prices are displayed on shop boards that follow the international spot through the trading day.
Two markets stand out for sheer scale. Turkey is one of the world’s largest gold consumers: the Istanbul market has traded gold for centuries, and Turkish households famously keep gold as a savings vehicle — a habit that has only deepened as the lira has weakened. Iran is the region’s other giant: the World Gold Council ranks it the world’s #9 jewellery market (26.7 tonnes in 2024) and #5 bar-and-coin market (42.3 tonnes), with gold bought as a proxy investment and a store of value. Israel, meanwhile, is a major jewellery importer, with 53 tonnes of jewellery imports in 2024 (IndexBox), centred on the Ramat Gan trading hub.
What to know before buying in the Gulf
Gulf gold shops are competitive, but the price on the board is only part of the story. The wholesale rate follows the spot; what you actually pay adds making charges (which vary by design complexity and are negotiable in the souks) and, in the UAE, 5% VAT on jewellery. The Gulf’s currencies are mostly pegged to the US dollar — the dirham, riyal, dinar and riyal — so local gold prices track the dollar spot almost one-for-one, with no exchange-rate surprises. That stability is part of why Dubai became the region’s pricing reference: a gram of 24K gold in the Gold Souk is, to a close approximation, the world price plus a small, transparent premium.
For the local detail — units, premiums, souk guides and city prices — see the individual country pages, starting with the UAE, Saudi Arabia, Turkey and Qatar.
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