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Reuters
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Traders in the gold market in Qatar revealed that their sales had increased 20% over Eid al-Adha, despite rising gold prices over the course of the year. current period.
Ali Al Yafei, a trader at the Najada market in Doha, capital of Qatar, told Al-Raya newspaper that the trend of purchases was not affected by rising prices worldwide and that the market was witnessing an increase in demand since the beginning of the month of Dhul-Hijjah until Eid.
He pointed out that many prefer to sell gold when rising to take advantage of the price or as a kind of profit taking.
For its part, Khalid Al-Abadi has drawn attention to the growing demand for 18K gold sets, favored by citizens for gifts, as kits prices start from from 2000 riyals and increase in weight, as well as manufacturing.
A third trader, Ahmed Al-Saadi, said the case involved all types of jewelry including diamonds, gold and silver, as well as gemstones, especially the Heritage jewelery and inlaid with precious stones, and distinctive rings such as emeralds, rubies and topazes, as well as Australian and African opals.
He added, "There is a demand for brown diamonds and white diamonds from citizens who prefer luxury sets with 18-carat modern crafts, in addition to 21-carat heritage contracts. ;gold".
Another trader confirmed that the Arab community preferred gold Lazurde, gold Thebes and Kuwaiti, while the Asian community preferred 22k gold and North African countries preferred 18-carat gold.
The price of an ounce was 1505 dollars, an increase of 15 riyals per gram.
Source: Qatar Al-Raya Newspaper
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