Saudis buy 14.5 tons of gold in Q2 2026
Saudi Arabia's gold purchases in the second quarter of 2026 experienced a slight decline of 0.68% compared to the same period in 2025, totaling 14.5 tons versus 14.6 tons. The demand for gold was primarily focused on jewelry and ornaments, which decreased by 8.04% to reach 10.3 tons, while sales of gold bars and coins increased by 23.53% to 4.2 tons. During the first half of 2026, the total demand for gold fell by 3.87%, whereas sales of bars and coins rose by 19.2%. In 2025, the total gold sales to Saudis amounted to 61.6 tons, with jewelry demand declining by 10.4%, and demand for bars and coins increasing by 13.2%.
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