For centuries, gold has served as a reliable currency, a store of value, and a universal symbol of status. Today it is recognized as a hedge against inflation, a safe haven, and a powerful tool for portfolio diversification.
Gold is now within your reach through the Riyad Bank App, giving you instant and direct access to the world’s most distinguished precious metal in a method that aligns with  Shariah guidelines.

Key Features: 

• Convenience: Buy and Sell Gold anytime and anywhere.
• Security: Conduct your transactions in privacy and securely through Riyad Bank App.
• Shariah Compliance: Approved by Riyad Bank’s Shariah Board.
• Trading Hours: Monday 2:00 a.m. to Saturday 12:00 a.m. (KSA time). Daily trading pause between 12:00 a.m. to 2:00 a.m. (KSA time). Trading hours are subject to daylight saving adjustments and market closures.
• Physical Delivery: Take possession of your physical gold through designated branches.
• Minimum Transaction Size: Start investing with as little as 1 gram.
   

Q. Is the Riyad Bank Gold Account Shariah-compliant?
A. Yes. The Gold Account has been reviewed and approved by Riyad Bank’s Shariah Board.

Q. Does the Bank maintain an inventory of physical gold?
A. Yes. Riyad Bank’s inventory of physical gold is securely stored in its own vaults or with approved custodians.

Q. Is gold pricing inclusive of Value Added Tax (VAT)?
A. No. The price of 24K (investment-grade) gold is exempt from VAT. However, service-related fees and charges are subject to VAT.

Q. Are there any storage fees?
A. Currently, there are no storage fees for gold holdings. Clients will be notified 30 days in advance of any future changes to fees or charges.

Q. Are there any transaction fees for buying or selling gold?
A. The buy/sell prices displayed during transactions include no additional fees. Any future changes to fees or charges will be communicated 30 days in advance.

Q. Is there a fee for opening a Gold Account?
A. No. Opening and maintaining a Gold Account is free of charge. For a full list of applicable fees, please refer to “Retail Banking Service Charges”.

Q. When can I buy or sell gold?
A. Trading is available from Monday 2:00 a.m. to Saturday 12:00 a.m. (KSA time), with a daily pause from 12:00 a.m. to 2:00 a.m. Trading hours are subject to daylight saving adjustments and market closures.

Q. What is the minimum amount of gold I can trade?
A. You can trade gold starting from as little as one gram and in multiples thereof, subject to your account balance.

Q. What is the purity of the gold?
A. The gold traded via Riyad Bank is 999.9 fineness gold, which is the highest purity.

Q. Can I take physical possession of my gold?
A. Yes. You may request physical delivery through select branches, subject to applicable fees, charges, and transportation insurance.

Q. Can I request delivery of any weight of gold?
A. The gold traded via Riyad Bank App is Gold bullion in 1,000 grams (1 kg) denominations. Requests for physical gold shall be made in multiples of one kilogram only.

Q. Can I deposit gold bullion into my Gold Account?
A. No. Only withdrawals of physical gold are permitted. Once withdrawn, gold cannot be redeposited into your account.

Open your Gold Account today through the Riyad Bank App and begin your journey into smart, secure gold investment.