Correct me if Iam Wrong
By Pratap1970 •
Hi Friends, I went for buying Gold as the price hit rock bottom, shocking that even the price is lower the Jewelers are charging exorbitant price towards making charges to square it to the previous gold rate,more shocking is that there is no control over this making charges.They charge it as they like. Please correct me if I'am wrong.
Now if I buy Gold you guys think is it a good Investment?
It wont go below Qr 110/- per gram...And I was expecting it to touch QR 68/- per gram by September 13...:(
tinker... QR.110 is a lot cheaper that QR. 189. Its still good too buy coins or bars now. But most jwellers wont sell coins/bars when the price is down. They will say that its out of stock.
The making charge depends on the design....for antique designs they always charge more than the normal design. For the cheapest making charge you should go for Dubai made..
I lost 1800 riyals for something I bought 3 weeks ago..:( same piece cost 1800 riyals lesser today..:(
Are you looking to buy gold ingot or gold jewelry ?
If it is an ingot, then go to a money exchange.
But if the jeweller buys something today and after a week the prices shoot up...he would sell the same gold bought cheap at the then higher price, isnt it?
gold price in newyork/london went down yesterday. but the jeweler bought his gold a week or a month ago! he's not gona loose just to please you, will he?
wait for a week at least.
@Happygolucky: yes they are charging almost 30QR/gram 22karat towards making charges.
@TheSurprised: Well for the people trading in Bullion market it did, but for poor person like me it is still much above the Mount.Everest.
Are they charging more on account of making charges now then a few days back?