Selling Gold in KSA: Tips and Regulations

Selling gold in Saudi Arabia is a regulated process to prevent theft and money laundering. You must present a valid National ID or Iqama when selling gold to a shop. The shopkeeper will record your details and the item's description.

To get the best price, know the current market rate before you go. Remember that you will likely not recover the Masna'iya (labor fee) you paid when buying. Shops will pay you for the weight of the pure gold content. It's advisable to visit multiple shops in the Souq to get competitive offers.