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HomeFinancialSaudi Arabia Sees Sharp Rise in Gold Jewellery Demand in 2025

Saudi Arabia Sees Sharp Rise in Gold Jewellery Demand in 2025

The Saudi gold jewellery trend continued to grow strongly during the first quarter of 2025. Despite high gold prices, shoppers in Saudi Arabia kept buying in large quantities. While global buyers slowed down, Saudi consumers went in the opposite direction.

Gold prices hit record levels recently, climbing above $3,500 an ounce last week. Currently, prices sit at around $3,313 per ounce. Even so, local buyers remain eager to invest in jewellery. The Saudi gold jewellery trend shows no signs of slowing down.

According to the latest report from the World Gold Council, shoppers in Saudi Arabia bought 11.5 tonnes of jewellery in Q1 2025. This marks a sharp 35% increase from the 8.5 tonnes purchased in Q1 2024.

Clearly, the Saudi gold jewellery trend remains strong, driven by cultural preferences and economic confidence. Saudi shoppers often view gold not just as a luxury but also as a long-term store of value.

Moreover, Saudi Arabia’s stable economy encourages more spending on high-value goods. Buyers continue to choose jewellery as a preferred asset. Even as global markets react cautiously to rising prices, Saudi demand stays firm.

Additionally, seasonal trends and festive buying patterns play a major role. Family occasions and special events often boost jewellery sales. Retailers across the country report steady traffic and strong interest in new collections.

Gold remains deeply tied to social and financial traditions in Saudi Arabia. So, even with gold at historic highs, buyers see it as a wise purchase. The Saudi gold jewellery trend reflects this mix of culture and financial strategy.

Looking ahead, the rest of 2025 may see continued momentum. As long as the economy stays solid, Saudi demand for gold is likely to remain strong.

Retailers and analysts alike are watching closely. They believe the raise could shape regional market patterns going forward.