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 Riyad Bank mobile or Riyad Online, giving you instant, and direct access to the world’s most distinguished precious metal.

Key Features:

• Convenience: Buy and Sell gold anytime, and anywhere in just a few steps.
• Security: Conduct your transactions privately and securely through trusted channels; storing physical gold carries its own risks.
• 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 pause from 12:00 a.m. to 2:00 a.m. 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 business 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 business 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, the highest purity available.
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 is available in 1,000 gram (1 kg) denominations. Such requests 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 (Or Riyad Online) and begin your journey into smart, and secure gold investing.
Steps to open an account (Visual previously shared)

Link to RB App