Riyadh city
Gold bullion and coin purchases in Saudi Arabia rose by 16% year-on-year (YoY) to 4.4 tons in Q1 2025, the World Gold Council reported.
Purchases of gold bullion and coins increased for the second successive quarter, rising 2% quarter-on-quarter (QoQ).
Saudi Arabia’s Gold Bullion and Coin Purchases in Q1 2025
Period
Volume (Tons)
Change
Q1 2024
3.8
—
Q2
3.9
+ 3%
Q3
3.3
(15%)
Q4
4.3
+ 30%
Q1 2025
4.4
+ 2%
Demand for gold bullion and coin purchases in Saudi Arabia in 2024 hit its highest level since 2014.
Saudi Arabia’s Gold Bullion and Coin Purchases Since 2010
Period
Volume (Tons)
Change
2010
14.55
—
2011
17.71
22%
2012
16.93
(4%)
2013
18.30
8%
2014
15.65
(14%)
2015
14.92
(5%)
2016
10.81
(28%)
2017
9.93
(8%)
2018
10.18
3%
2019
8.84
(13%)
2020
8.40
(5%)
2021
10.90
30%
2022
12.20
12%
2023
14.13
16%
2024
15.37
9%
Global gold bar and coin purchases rose 3% YoY to 325.4 tons in Q1 2025, from 317.3 tons in Q1 2024.
Riyadh city
Gold bullion and coin purchases in Saudi Arabia rose by 16% year-on-year (YoY) to 4.4 tons in Q1 2025, the World Gold Council reported.
Purchases of gold bullion and coins increased for the second successive quarter, rising 2% quarter-on-quarter (QoQ).
Saudi Arabia’s Gold Bullion and Coin Purchases in Q1 2025
Period
Volume (Tons)
Change
Q1 2024
3.8
—
Q2
3.9
+ 3%
Q3
3.3
(15%)
Q4
4.3
+ 30%
Q1 2025
4.4
+ 2%
Demand for gold bullion and coin purchases in Saudi Arabia in 2024 hit its highest level since 2014.
Saudi Arabia’s Gold Bullion and Coin Purchases Since 2010
Period
Volume (Tons)
Change
2010
14.55
—
2011
17.71
22%
2012
16.93
(4%)
2013
18.30
8%
2014
15.65
(14%)
2015
14.92
(5%)
2016
10.81
(28%)
2017
9.93
(8%)
2018
10.18
3%
2019
8.84
(13%)
2020
8.40
(5%)
2021
10.90
30%
2022
12.20
12%
2023
14.13
16%
2024
15.37
9%
Global gold bar and coin purchases rose 3% YoY to 325.4 tons in Q1 2025, from 317.3 tons in Q1 2024.
