Descrepency in gold price

Name: Qatar Living Classifieds
Rating: 4.1 (228 reviews)
Author: Qatar Living

Hi,

I have been to three gold jewelries in airport Lulu mall yesterday to replace a gold ornaments which i bought from India. Two jewelries such as Atlas and Damas offered me 121QR/gm for the old ornament( price ofr new gold was QR 126.5 yesterday everywhere) but both of them don't had the required replacement with them. So I wen to Malabar Gold in the same building, but they were offering only QR111/ gram, exactly 10 riyal less from others . I tried to explain them what was the offer from others but they said this much only we can give you for gold from India. There is no problem for the sales perspective, but my question is "are there any regulations from ministry of trade in such cases" ? If any one knows , please answer. I felt that they were trying to show their arrogance as they are the leader in the market .

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By britexpat• 13 Jan 2016 16:58

Each trader offered you what they felt was fair value . I don't think the authorities need to implement any guidelines

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Descrepency in gold price

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