Now is the best time for Qatar residents to invest in gold
Prices of the much sought-after 22 carat gold in Qatar has plunged to an all-time low of just QAR 125 per gram, the lowest ever recorded in the last five years in Qatar.
According to Malabar Gold & Diamond assistant manager Sathique Mohamed, gold prices had fallen to a record low of QR131 in 2013, but the present plunge has taken customers and retailers by surprise.
"In the last five years, this is the first time that gold prices have plunged to QR125. This is the first time I have experienced such a drop in the price of gold," added Mohamed.
The price of gold is mostly dictated by prices in the international market. Currently, an ounce of gold is traded at $1,100 in the international market.
Apart from buying gold jewellery, a large number of people, particularly those from the Indian subcontinent, buy the yellow metal as a secure means of investment. [Gulf Times]
analysts say gold will not come back up and it will drop more
Analysts... don't believe them, they say what they want for their own personal gain, no information is free, according to traders and bankers. You have to pay up to get good info on the market. As per the last 8 years, analysts have gotten wrong about the global market, especially on commodities and precious metals. Decide for yourself if it is time to buy. My advice don't invest in physical gold, because of labour charges. Invest in gold future or gold trading, you only have to pay broker charges.
But what if it doesn't .. I'll lose the chance to invest :0(
All the time price is depending on SUPPLY & DEMAND.here People's Bank Of China going to sell their 60% of gold stock so demand for the gold will decrease then gold price will again go down
-)mariyam
If you want to invest in gold you have to buy gold coins or gold biscuits otherwise it's waste of money
If anybody wants to invest in gold , then this is not the right time according to the economic analysts. The gold price will again go down 10% to 15% within coming months
gold price is low but the labor charge is soaring up... we loose when we sell because the charge is not taken into consideration
but investment in gold, i don't think so this is better place for investment because during gold purchasing time they will collect big amount for ornaments making ,but after at the time of sale we will get only gold price they will reduce all other charge !! so we will not get any benefit.
Oh for goodness sake.. I'm afraid that Rizks will spend all his money on buying a necklace for his beloved Chin Tu Fat :O(
Is there a place to invest in gold in Qatar, without actually taking possession of the gold itself?