23.11.2015 - Gold demand low despite price fall
There are hardly any takers for gold or its jewellery in the local market even though their prices remain low for almost a month now. Bullion traders and gold jewellers say they don’t know the reason for dampened demand, but the fact remains that the market is dull, particularly after Eid Al Adha. Gold prices have been moving within the band of QR3,823.57 and QR4,005.65 per ounce (28.3495 grammes) for the past few weeks, traders said. Yesterday, for example, the rates ranged between QR127.5 and QR133 for a gramme of pure, or 24-carat gold, and the prices for 22, 21 and 18-carats were lower...............................................Full Article: Source
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