Gold prices fell by 250 baiza in the last 48 hours, according to a spokesperson for Malabar Gold & Diamonds.
The official informed that the sale of gold is expected to witness a sharp rise.
He 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, the price of 24K gold was OMR15.250 on Wednesday.