Gold and Silver Buyer’s Guide – Saudi Arabia


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Hi mrs nora just how long it takes to receive money from norway via online banking. It even grew faster and surpassed both BPI and Metrobank. By using this site, you agree to the Terms of Use and Privacy Policy.

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Al Zukhrof Shop Tel No. Many surrounding shops also sell pieces of NCB bars. I would assume that this would carry a lower premium however I can not say this with certainty. Otairi Trading [] is a shop that sells sinks! Hi Hadi, I would be greatful if you would find the telephone numbers of the listed shops so they can be corrected as unfortunately i dont live in riyadh to do it myself.

Found your article interesting. I am not sure, the present status. Next to NCB, in the same area, there are a few small shops, which only sell gold in coins or biscuits no ornaments. Usually NCB being the bank is more reliable. Yes silver bars in saudi have a large spread between the buy and sell prices and arent easily available, but i met the person managing the turkish-branded Nadir mint here in Dubai who will be bringing the Nadir bars to Saudi.

Dubai is a good place to buy silver and gold,, low premiums on both. My husband is looking to purchase gold bracelets for a reasonable price.. Can you recommend a souk? I am looking for a bank that lets me buy and store physical gold like goldmoney. Goldmoney is expensive in storage charges.

Further, it might simply disappear one day like many big name brokerage houses in the past. So I wish a secure facility with some sovereign guaruntee from a muslim state. I dont know of any banks offering storage facilities for gold specifically, but you can always rent out a safe deposit box at one of the banks for your gold storage. Shola Shopping Center in Riyadh closed down within the last week or so. Does anybody know how to reach the 2 shops that were there?

I went to a shop where they showed me 4 — each of them different from the next. The 4th was only 4 grams. It is always a hard thing to know if what your getting is right and pure, which is why alot of people simply stick with the swiss brands.

If I was there, I would enjoying going around and hunting for reputable dealers, but i dont live there so i must rely on those who live there to help improve this article. I look forward to your future updates. Thanks for the update Ethan. I really want to say thanks for all the great info on your site. Or, is the credit card rate the same as the cash rate at the bullion dealers? Glad that the information has been beneficial.

None of the bullion dealers accept credit cards but if they did, then there would be an addition credit card processing fee as the market is a cash market. It is only for personal use not for business. I lived in Saudi Arabia from to Each set is boxed. Two green boxes contain 4 each medals or coins. One set is round and one is rectangular. The third is a large silver coin about two inches across and also depicts the king.

Does anyone have a suggestions for selling theses and how much they are worth? Thank you for such helpful background information on gold buying in Saudi Arabia. I live in Jeddah and have visited souk al-Yamama several times. This past week I finally made a few purchases of gold jewelry for investment purposes.

I found the premiums were acceptable. On 23 March, the price of 21k gold price was SAR per gram. I bought a necklace at I purchased g Suisse Lady Fortuna Gold bar in saudi arabia. Secondly is there any custom duty to be paid on this.

They wouldnt be any limit to how much you can buy if you have a receipt. Regarding duties, there wouldnt be any in Saudi but there would be in Pakistan. Thanks for you brothers, nice information. I can add as I have seen that in Riyadh at hulat alqusman the name of the market at Buttha I have found PAMP bar with different sizes in the blue cover.

On the other hand, I have visited the souk in Dammam which is located near king Fahad mousque and all of them sell Saudi bars which has the same logo of PAMP as one of our brother said they but them in green plastic bag those are Saudi bars produced by either Saudi gold or Alsahra.

The best place to buy Swiss gold is to cross the bridge to Bahrain and you can find in Bab albahrain a place where they sale Swiss gold called Bex exchange or you can visit city of gold at Manama. This is from my experience that I would like to share with you. Salaam, I have been wanting to write this for a while but have not really had the time.

I usally just pick up Gold coins at Dubai duty Free much lower premiums than Saudi. I saw a 1 kilo Koala in Yamama shopping center the seller wanted SR7, For 1 ounce buffalo or maple leafs SR per ounce. Nader silver is also available but the prices are just as high with gram silver bar being sold in Al Balad for SR3, There seems to also be a problem with the Nader as that it is not easily re-sold to the shops as the Swiss or UAE mints.

What I cant understand is with such a large market how do we not have a Saudi mint for Silver!!! Your email address will not be published. You may use these HTML tags and attributes: Notify me of followup comments via e-mail. Where to Go and What to Buy? Central Region — Riyadh Riyadh has a number of gold souks, with the most popular one being located near the But-haa shopping area in Al Markab district.

Numismatic Coins Saudi Arabian Guinea — Minted for just one year in the Hijri calendar of AD as a 22 karat gold coin of the same size and weight of the British Gold Sovereign 8 gram coin with 0. April 5, at 6: April 8, at October 20, at 6: My research into this has revealed the following: I hope this helps….

October 21, at 4: October 22, at 2: October 23, at 3: October 24, at 7: The contact details for main seller of Tayer products in Souk Al Yamama are as follows: I will try and source the numbers for the main shop in Balad and post them here soon inshaAllah.

September 2, at 1: September 19, at October 11, at 5: Please let us know, if NCB or any other bank in eastern province sells gold. October 11, at October 13, at October 14, at 8: October 13, at 9: My Thai bank, Bangkok Bank, has an office in the U.

I am able to sendmoney dollars using an account transfer from my U. My filipina girl friend has a checking savings account with BDO. If you registered while in the Philippines, use the code given to you and your atm card to validate your enrollment at a BDO atm machine. Please comment again if I misunderstood your question.

I am R-vee, i registered on line, and received confirmation and tracking number. If that website is accepting credit cards, then your Visa debit card with expiry date and 3-digit security code should work.

Maybe their system had a glitch that time. How about trying again? The admin of the website suggested that I do bank to bank transfer. Wire transfer through online banking works only if your bank in Ghana offers wire transfer service online to any foreign bank. Hello, What is the international remittance code if u will transfer money from Ghana to your BDO account through online banking?

Hi Lulu, your account seems to be active. Call BDO, or ask your inquiry here: I used it last April to pay online and it work. Hi jeric, no, because smart money has no swift code, and wire transfer is a bank-to-bank transaction. Are you in California? Hi Rommel, thanks for your helpful info. Some of these Saudi banks allow use of their online banking for transfers to the Phils if you have an account with them.

Just received my money from SABB, it took 7 days but with a 35 dollars transfer fee from BDO, that is too much I will have to switch banks because of this. Meaning the amount was already deducted from his account?

Yes, wait this week. If nothing arrives this week, then your sender should contact the bank where he made his transfer. Im still hoping it will appear on my account today..????. I also transferred from SABB, since june 17 hangang ngayun wala pa, ask ko lang kung merung same experience sakin at kung ilang araw bago nakuha. You will use your US bank account or US credit card to fund your remittance. This is what my US employer uses to pay my salary. The money will be available for claiming over the counter in minutes.

You will be given the code via email. You can get it over the counter at BDO or Metrobank. I wire transfer from Chase to my Bdo savings account last June 11 ,but until now June 19 ,I still didnt receive it..

I know it was holiday last June 12 ,so should I start counting the days from June 15?.. You can also call SABB or go to your branch and ask. Hello…my wife already ask bdo regarding my telegraphic transfer last june 3 from SABB bank to bdo..

The posting might be delayed a little if the remittance is more than , Besides, your sender must have written Philippines. Hello po, over how many working days will I receive the money sent from canadian western bank from canada to bdo. I have a powerteens savings. Does it depend on the amount or limit amount? He sent on june 4 po. Im thinking because i forget to give the address of the bank, but I gave the fax and swift code.

Including my name and account number. This is a list of BDO remittance partners in Saudi. Hello…i have send thru saudi arabia british bank SABB bank here in saudi last june 3 to bdo acct.

Hi Loren, you can deposit to your own Kabayan account. Fill up the Deposit Slip it has a carbon copy. Write your name, account no. To maintain your Kabayan, your sibling should remit from abroad to your account at least once in 12 months. Or if not, maintain 10k in your account. I applied for kabayan savings. Hi jen, it should be the same day, or next day up to 3 days. Now i transferred again last May 11 aroun 12 midnight.

Hi, i work here in riyadh. Hi kiziah, I hope your money is already credited to your account. There might be a charge. Your money is most likely with BDO, but was put on hold while waiting for further communication from Chase. Hi anedi, you need to go back asap to the remittance company or center where you sent the money, and amend or correct the account number you wrote in the remittance slip. You may be charged a fee for this amendment.

If you do not correct it, the money will be put on hold by BDO because the account number and name do not match with what you wrote.

I worry about what I sent. Will the money be sent? Hi amirah, you can withdraw abroad if your atm card has a Mastercard or Visa logo, and if you have activated your card when you were here in the Phils. This code is for all BDO branches in the Phils. Which bank above is located in the same city or country in which your bank is located? You use that bank. Hi anne, 2 to 5 business days to a week.

Call BDO if it takes longer. Make sure also that account name and no. Can you pls tell me what is the intermediary bank details of banco de oro Philippines? Hi, just want to ask if how long will it takes for to received funds via correspondent transactions. The funds have been sent last march 2 When i will be receiving it from my account. Kindly advise much thanks. Fairview, Quezon City, Philippines.

Postal code is Gud pm po ilang days po b bago matangap ng reciever ang wire transfer from u. Gud pm po asked q po ung frend q po nagsend thrue wire transfer from u.

Hi lovely, sad to say there are no BDO remittance partners in India. Hi Phosphate, routing no. Only the Swift code. If you like, you can explore XOOM. Hi Nora, at least Bdo will put it on-hold thats a relief, yes i will contact the sender again so amendments could be made. Hi gelai, yes, you can register in online banking so you can check your balance anytime online. There are remittance companies that notify the recipient thru email if the remittance has been sent like Xoom or Paypal.

Email them and ask them to please check your remittance details as your remittance has not been credited to your bank account. The sender will need to correct the remittance details. You can also call BDO and ask. Payment for my services will be remitted to my BDO kabayan savings, i filled out the firms banking form so they will know my account details, such as my Account name and No.

I edited it and placed the correct name. Will I received the payment after correcting it, and is the money only on hold or might be lost?

Thank u so much po. Hi gelai, yes, your Kabayan account can accept foreign money transfer. BDO can also accept a paypal transfer. For others, your sender needs to go to a BDO remittance partner to send to your account. The screening should not take long, so I hope your money will be already in your account by tomorrow.

Ask your husband to explore XOOM , if he likes. I can get it at BDO or Metrobank over the counter. Can also be deposited to an account. He did the transaction over the phone as he was in Las Vegas where his work was. He sent 10k dollars. The bank teller said deposit may take longer because bigger amounts require screening.

First time that we used bank to bank so I have no idea how long it takes. His US bank said the money should be in our account by nov Hi maria, was this to be deposited to your BDO account?

Is your fiance sure that he wrote your bank name, account name and no. Your fiance should ask his bank to ask Deutsche New York the status of his remittance.

Post Bank is also responsible because they accepted the transfer request. You can make a wire transfer though with any US bank, but there will be an additional fee if done through a non-BDO-correspondent bank. BDO account name and no. You can also explore using Xoom. What info do I need in order to have a wire transfer to my BDO us dollar savings acct from the u.

I have acct numbers and swift code. But what about Correspondent Banks or intermediary banks? Hi vam, it depends on where you are there. Usually remittances can be available for withdrawal the next day.

Yes, you can send for cash pickup at BDO. About the limit, PNB accepts more than 10, pounds and more than 15, euros, so I think you can send any amount, but remittance firms could ask for proof of source of income if you send large amounts of money. Hi Nora, Ask ko sana what is the best way to send money from uk to phils.?

The money should already be in your account. BDO has also been encountering glitches in its system maintenance these past 2 to 3 days, so this could also be another reason. Hi Nora, just wanted to ask. Should not take more than a week. I would like to know how long should I wait for the money to set in to my local bank account. It was sent last 22nd. I am used to getting the money via Western Union to my Bank after two days it has been sent- not affected by weekends or holidays. This new process on my end , seems not.

How long should I wait for such? Hi, my boyfriend will be sending money from London, is it possible through my BDO dollar account? How much is the maximum limit he could send me at a time? You can also inquire here: Ask ko lang regarding bank to bank transfer.

Until now more than 2 weeks na hindi pa nacredit sa bank account ng mother-in-law ko. Pwede paki-send sa email address ko ang contact details ng Bank of New York Mellon regarding BDO remittance kung natransfer na nila sa Pinas yung pera kasi hanggang ngayon ang sinasabi ng BDO wala pa raw??? Hello Nora nagpadala kasi yung asawa ko from US using bank of america sa kabayan savings account ko,mga kelan ko matatanngap?

Ask your family to open a US dollar account so you can send US dollars to that account, and so they can withdraw in US dollars. Ang puedeng i-process over the counter sa BDO is Moneygram, kasi partner sila. Puede ring cash pickup at any Western Union outlet in a safe location.

For others, the charge is only to pesos. Nora, asking for BDO online banking: Question po need pa ba ng account no. Or need pa mag open account yung padadalhan ko sa pinas?

Hirap kc magpadala dito abroad western union mahal pa ang fees. Hi lyn, that office is in the list, so you can try asking. Open na po ba sila? Can I remit everyday? And if not, ask them what to do. The possible remedy is for your bf to amend his remittance for cash pickup at BDO. Hello, my bf in germany sent me money through bank to bank using online banking.

He asked for my banking details like name of the bank, name of the card holder, my address,the swift code, and address of the bdo branch.

He sent me money yesterday around 3pm; when can I receive the money? I checked the Moneygram website and they said you must tell Moneygram if you want your recipient to receive your euro remittance in euros — the remittance fee will be be higher. And then tell your recipient to tell BDO that you paid for a payout in euros.

BDO offers a euro savings account, so they must have available euros all the time. Sometimes, in my case, before they allow me to get mine in dollars, they ask if I have any BDO account.

Would you know if my relative can pick it up in the same currency at a BDO branch? If any one has similar experience, please I need help. Thank you so much. This is used when using wire transfer or bank-to-bank transfer to send money through a bank in the U.

Most of the time, dapat enough na yong swift code, pero if the routing no. Where can he send money direct to my BDO account here in the Philippines? Sending through western union is expensive. If your husband remits at a bank which is not a correspondent bank of BDO, then that bank will need a third-party bank to connect to BDO, but the transaction should be between that bank and the 3rd-party bank.

They should be the one knowing the intermediary swift code. For a lower-cost and faster remittance, I suggest that your husband finds a BDO remittance partner in the country where he works, or the remittance partner of other Philippine banks like BPI or Metrobank. Where does your husband works? My husband wants to send me money. Is swift code different from intermediary swift code?

Hi christine, did you write your first name and surname exactly the same as in your BDO account? If yes, your remittance will be deposited in your account. The middle name, if not written, is not a requirement if the account no.

But if you wrote the middle name, and it does not match with the middle name in the account, then the remittance will not be deposited. I have a savings account in BDO but i did not remit almost a year it is possible to close….. Hi Shiela, nasa list sa itaas: Puede kang mag-open ng atm savings account with 2k pesos. Or Kabayan with pesos kung meron kang foreign remittance receipt any remittance company.

Meron po kasing magpadala sa akin from Barclays, kaya lang wala po akong account sa BDO. Ano po ang pwede kung gawin? Hi Gen, meron na bang 1 week? If your bank is not Standard or Deutsche BDO correspondent banks in Germany , your bank used another bank a BDO correspondent, maybe in Germany or another country to transfer your money, so it will take some time.

Baka available na ngayon. Nagpadala po ako ng pera sa BDO account ng sister in law ko from my german bank account thru wire transfer. Pero hanggang ngayon hindi nya ma withdraw ang pera dahil sabi dw ng taga Bdo sa atin na tie-up po dw yung pera. Hindi ko po alam kung saan mag e-inquire. Nagtanong na kami sa banko namin dito pero wala din silang alam. Sabi ng sister in law ko nakapasok naman dw po ang pera sa atm pero nasa Current Balance siya at wala sa Available Balance kaya hindi nya ma withdraw.

Ako daw ang dapat umayos dito sa Germany. Hindi namin alam kung paano at saan kami ma i-inquire sa tie-up na yan. Please help me po, sayang po kasi yung pera pambili pa naman sana yun ng gamot. Hi sandra, you need to go to BDO in person so you can ask for your account no. Or the remittance company. Try the BDO Remit inquiry at bdo.

Hello po, yesterday oct31 nagsend nang money yung husband ko from jeddah, to my bdo savings account, hanggang ngayon nov1 wala pa, posible bang may connection ang holidays dito sa pinas? Kaya hindi pa napasok ung pera? If through banks, it will take 2 to 5 days. It might take 3 to 5 business days or more, since this is a wire transfer. Is this from London? Pero puede ka pa ring mag-wire transfer from your Chase bank; meron lang dagdag sa remittance fees kasi gagamit ng third bank BDO correspondent bank.

If you like, you can use XOOM and transact online. You can check out XOOM. Just wanna ask lang po kung affiliated ng Chase Bank of Harbor Blvd. Hi Toni, can you go to this BDO remittance partner? Magtanong ka rin kung allowed ang Western Union diyan to send money out of Botswana. At saka magkano po kaya yung fee? To be sure, please call BDO I am expected a money from Australia. I send my dollar account and swift code and other details from my bdo dollar account. Ask ko Lang kung automatic bang macoconvert from aud to usd na pinadala?

Or babalik sa sender yung money? Hi Jane, I have not heard of that rumor. If that employee embezzled millions of pesos, BDO can cover that. BDO lost millions, in US dollars, but it did not collapse. It even grew faster and surpassed both BPI and Metrobank. It now has more than 1 trillion pesos in total assets. Besides, your deposit is insured with the PDIC up to k. Im one of BDO bank depositor presently work here in abroad.

I just want to clarify regarding some issue that scatteredin FB it said that one branch of BDO where I have an account was closed soon for the reason that they said one the employee of the bank embezzled million of cash.

Please help us how we can clarify this issue, if we talk to the personnel of the said bank branch is that possible that they will tell the throught if ever how will we know that BDO is secure please reply in my personal email account mentioned above. Thanks Iam so bottered regarding this issue.. Bring your IDs, passport and iqama. Ako po ay nsa Jubail KSA, ask lng po ako kung pano mag open ng savings account at kung anong bangko.

Hi Editha, wire transfers might be more convenient for you, as you can do this online if your bank allows online application for wire transfers, but I think wire transfers from UAE to the Philippines is more expensive than using BDO remittance partners. One reason is that BDO does not have a correspondent bank in UAE, so a third bank will be used, and this means another layer of fees. Gud day, ask ko lng po aside from the money remitances here my bank here ADCB have free service from money transferr from there online banking, hw much nmn po ang charge from BDO like correspondence charge and how long,.

Ang mangyayari is you will pick up the cash at BDO. Your sender can send through Moneygram or Coinstar. You will send your bank name, account name, account no. Hi jerlie, if your sender likes bank-to-bank, what he will do is to request for a wire transfer at his bank.

Hi sha, I hope you already inquired at the atm and the money is there already. It depends on the remittance company used. Puedeng within the hour, within the day or the next day. Hi aizer, I think it will take until Monday before your remittance can be available if you remit to a bank account. If the money is needed today, I suggest you use Western Union for cash pickup. Fee might be 25 qatar riyals. Hello, if I send money from Qatar, for instance Saturday, thru bdo accounts, is there still need for clearing like 2 working days before it can be received or withdrawn?

Hi Nicole, BDO gets its share from its remittance partners, so it depends on the remittance company. Remittance fees range from 18 to 28 dirhams. I opened a kabayan account in Phils. I would transfer money to the said account.

How much would be the charge of BDO on every transaction-deposit? Your email address will not be published. August 9, at 5: August 4, at 7: August 3, at August 3, at 8: August 3, at 6: July 30, at 9: July 30, at 4: July 6, at July 5, at June 4, at 4: December 5, at November 20, at 1: November 6, at 2: October 25, at 6: October 17, at 8: September 15, at 9: August 27, at August 11, at 9: August 1, at July 27, at 1: July 5, at 5: Hope you can advise, thanks!

June 29, at 2: June 11, at 9: June 11, at June 6, at 5: June 6, at 4: May 31, at 3: May 29, at 2: May 27, at 2: May 16, at May 7, at 7: April 25, at 8: April 4, at 8: April 3, at 7: March 31, at 8: March 4, at 1: February 15, at 6: February 15, at 4: January 23, at 2: January 22, at 9: I have a fiance he likes to send money through BDO.. January 13, at January 12, at 7: January 11, at 8: November 19, at November 18, at November 16, at October 8, at October 7, at 7: October 6, at October 3, at September 25, at 7: September 23, at 9: September 23, at 8: September 4, at 7: August 30, at 7: August 18, at 3: August 11, at 8: August 10, at 5: August 6, at 8: August 5, at August 2, at 1: August 1, at 9: July 21, at July 21, at 8: July 20, at 5: July 19, at 3: June 28, at 6: June 27, at May 3, at 7: April 30, at 9: April 30, at 7: April 19, at 3: April 19, at 1: April 19, at 9: April 14, at 9: April 14, at 7: April 13, at 6: April 11, at April 8, at 7: April 6, at April 4, at 6: March 30, at March 28, at 5: March 27, at 7: March 21, at March 19, at 6: March 18, at 5: March 18, at 1: March 14, at March 14, at 7: March 9, at 8: March 9, at 6: March 9, at February 6, at 9: February 5, at 2: February 5, at February 3, at 7: February 2, at February 1, at 6: February 1, at 4: February 1, at January 27, at 4: January 27, at 9: January 19, at January 18, at January 12, at 5: January 11, at 1: January 7, at 8: December 30, at 4: December 24, at December 22, at 8: December 4, at 9: November 25, at 6: November 25, at 5: November 21, at November 20, at 8: October 28, at 8: October 27, at 1: October 25, at 5: October 25, at 2: October 25, at October 25, at 7: October 23, at October 20, at 9: October 19, at 1: October 15, at 4: October 15, at 1: October 13, at 5: October 11, at 8: October 10, at 2: September 26, at 4: September 25, at 6: Hi nore,is there any bdo remittance bank in cambodia?

September 24, at 9: Hi joana, your remittance should be available for withdrawal from your account the next day. September 23, at