After dropping nearly 15 percent, gold prices in the local market surged to a four-month high yesterday, with a gram of the yellow metal selling for QR165.<\/p>\n
Bars of 116 grams (10 tola) were sold at QR19,245.<\/p>\n
According to some jewellers, 24-carat gold was sold at QR166.5 a gram in the morning, and came down to QR165, while 22-carat gold was sold at QR153.5 a gram in the morning and dropped to QR152.<\/p>\n
Gold gained yesterday on hopes that the US Federal Reserve may not scale back its commodities-friendly bond buying soon, and as holdings at the world\u2019s top gold-backed exchange traded funds rose for the second time in a week.<\/p>\n
As many expatriates are heading to their home countries, demand for bullion (bars and coins) and gold jewellery is high, according to retailers.<\/p>\n
On July 3, the price of a 10-tola bar in the local market had slipped to QR17,000 from QR19,000 on April 19, 2013.<\/p>\n
South Asians are the largest buyers of pure gold bars. Although 116-gram bars are more popular with expatriates, smaller bars of five, 10, 20, 30 and 50 grams are also available and are favoured by the Nepalese.<\/p>\n
Source: The Peninsula<\/p>\n","protected":false},"excerpt":{"rendered":"
After dropping nearly 15 percent, gold prices in the local market surged to a four-month high yesterday, with a gram of the yellow metal selling for QR165.<\/p>\n
Bars of 116 grams (10 tola) were sold at QR19,245.<\/p>\n
According to some jewellers, 24-carat gold was sold at QR166.5 a gram in the morning, and came down to QR165, while 22-carat gold was sold at QR153.5 a gram in the morning and dropped to QR152.<\/p>\n","protected":false},"author":9,"featured_media":9116,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-qatar_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=854"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/9116"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}