Gold Purchase
Dear QL User's,
I will be on vacation starting October and wish to buy some gold when i go home. Can someone guide me how do i buy gold. Is it good to buy gold coins or biscuits or ornaments. How reliable are Qatari gold shops. Do they cheat?? And finally whats the price of gold going on these days. Please tell me price for 10grams.
From the way you have posed the question, I assume you intend to carry gold as an investment that would yeild better gains in the short / long term plans that you might have.
Al Fardan Exchange is the safest way to buy gold biscuit. Just take your Qatari Id and money with you and purchase it.
A word of caution.........Be careful during travel and keep your investment safe as you can...
Although I also have not heard of any fraud stories. However, you have to be careful. All gold sold in Qatar is stamped by government. Please make sure that yoou ckech the stamp before buying any gold.
As far a buying biscuits or ornaments are concerned, it depends on the reason you are buying gold. If it is for investment, better buy biscuits since you will get them at the price of gold. Whereas, for ornaments, you have to pay extra making charges which start from minimum 4QR/gram. If you are buying for usage, then you have to go for ornaments.
Happy shopping..........:)
Thankyou friends
sry i cant help with ur other queries
U can visit GOLD SOUQ near Alfardan...lots of gold shops.
Havent heard of any cheating story yet. U can trust here m8 :)
also you can go to any gold shop and ask them the day's gold rate.... gold is currently at a good price now compared to couple of weeks back.....go to the big brand names for jewellery like damas or alukkas etc and you wont be cheated!!
It depends on whether u want the gold for investment or otherwise.. if its for investment, then its better to buy biscuits as ornaments lose their making charges when you go to sell and you have to pay making charges when you purchase it. Gold price varies every day...for example today 22k gold is arnd 97 QR per gram and 24k gold is 104QR per gram. you can buy gold biscuits (24k) at the Alfardan exchange near the main bus stand in the city.