Gold bar, coin purchases in Saudi Arabia drop to 3.4 tons: Report

Gold bars

The World Gold Council (WGC) said in a recent report that purchases of gold bars and coins in Saudi Arabia declined to 3.4 tons in the second quarter of 2025, marking a 19% decline compared to the same quarter in 2024.

 

The decline follows two consecutive quarters of growth in gold bar and coin purchases in the Kingdom, with a quarter-on-quarter drop of 23%, as shown in the following table:

 

Purchases of Gold Bard

Period

Weight (tons)

Change

Q1 2024

3.8

--

Q2

4.2

+11%

Q3

3.2

(24%)

Q4

3.7

+16%

Q1 2025

4.4

+19%

Q2

3.4

(23%)
 

In 2024, Saudi Arabia’s purchases of gold bars and coins have hit their highest levels since 2014.
 

Evolution of Gold Bar, Coin Purchases in Saudi Arabia:

Period

Weight (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%
 

According to the report, global purchases of gold bars and coins reached 306.8 tons in the second quarter of 2025, representing an 11% increase compared to 275.2 tons in Q2 2024.

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