Home Is Now The Best Time To Invest in Gold For Quatar and Doha Residents?

Is Now The Best Time To Invest in Gold For Quatar and Doha Residents?

Costs of the much in-demand 22 carat weight gold in Qatar has actually plunged to an all-time low of simply QAR 125 each gram, the most affordable ever before recorded in the last 5 years in Qatar.

Inning Accordance With Malabar Gold & Ruby assistant manager Sathique Mohamed, gold prices had fallen to a record low of QR131 in 2013, yet the present plunge has taken clients and also merchants by surprise.

“In the last 5 years, this is the first time that gold prices have actually plunged to QR125. This is the very first time I have experienced such a decrease in the cost of gold,” added Mohamed.

The price of gold is primarily dictated by rates in the worldwide market. Presently, an ounce of gold is traded at $1,100 in the international market. The current rate for 24k gold in Dubai and UAE is 145,75 AED

Aside from getting gold jewelry, a multitude of individuals, specifically those from the Indian subcontinent, acquire the yellow steel as a safe and secure means of investment. You can read more about how to buy gold online here.