Now is the perfect time to buy gold in Oman. Here's why

Energy Wednesday 15/August/2018 11:19 AM
By: Times News Service
Now is the perfect time to buy gold in Oman. Here's why

Muscat: Gold prices in Oman have fallen making this a good time to buy the yellow metal, gold merchants in the Sultanate told the Times of Oman.
A spokesperson for Malabar Gold & Diamonds informed that gold prices fell by 250 baiza in the last 48 hours and that the sale of gold is expected to witness a sharp rise.
The official added that 22K gold was selling at OMR14.650 per gram on Wednesday morning, due to weak global demand. While the price of 22K gold on August 13, 2018 stood at OMR14.900. Meanwhile, the price of 24K gold in Oman was OMR15.250 on Wednesday.
The official added that they are sending messages to their clients to buy gold as this is a good time to invest in the metal.
"We are expecting to see more sales in the months to come. Diwali is close so we expect people to buy more. Besides, this may be a good time to invest in gold as prices are expected to rise globally," another jeweller in Oman said.