Saving in gold is becoming increasingly important, especially as many Saudis seek the best sizes of gold bars suitable for long-term storage. Given the varying weights and prices of gold bars, understanding each size and its characteristics is essential before making a purchase decision.
In this guide from Ruby Store, we will present the most common weights of gold bullion in Saudi Arabia, and learn strategies for choosing the right weight for our financial goal.
What sizes of gold bars are available?
Gold bars are available in a variety of sizes to suit different budgets, ranging from 1 gram to 1 kilogram. Choosing the right weight depends on your financial capabilities and your long-term gold savings plan.
1 gram gold ingot
A 1-gram gold bar is suitable for beginners or those wanting to try the market for the first time. The price of a 1-gram gold bar is relatively low, making it suitable for gradual monthly savings and easy to store.
10 gram gold ingot
A 10-gram gold bar is considered a mid-priced item and is among the most popular sizes of gold bars in Saudi Arabia. It has a lower manufacturing cost for jewelry and is suitable for medium-term savings.
20 gram gold ingot
A 20-gram gold bar is an excellent choice for anyone looking to grow their savings more quickly. Its price directly reflects the global gold price and is suitable for long-term savings.
1 ounce gold ingot (31.1 grams)
The gold ounce is one of the most popular sizes of gold bullion worldwide. The price of a gold bar is determined by its weight in ounces relative to the global price of gold. It is highly sought after by serious savers because it retains its value for the longest possible period.
1 kg gold ingot
A 1-kilogram gold bar is a great option for large savers. It features a lower manufacturing cost per gram compared to other weights and is directly linked to the spot price of gold. It is considered the best choice for those aiming to grow their capital through substantial gold savings.
How do you choose the right size gold ingot?
The gold experts at Ruby store recommend choosing gold bar sizes as follows:
- For beginners: 1 gram ingot – 10 grams.
- For monthly savings: a 20-gram or ounce ingot.
- For large savings: a 50g , 100g, or 1kg ingot is best.
Before making a purchase decision, be sure to monitor the price of gold bullion to determine the right time to buy, as this will help you improve your long-term financial results when saving in gold.
The size of gold bars varies depending on your goals and budget. The longer your goal is, the larger the bar, the better option.
Ruby Store offers a wide selection of gold bars in various weights and with a purity of 999.9%, at prices that align with the Saudi market. Feel free to browse our collection of gold bars and add the perfect bar to your cart now .