(MENAFN- The Peninsula) Gold prices fell marginally yesterday with some jewellery stores reporting brisk sales.
Pure, or 24-carat gold rate slid to QR147 per gramme from QR150 the previous evening.
Twenty-two carat gold price fell to QR136 for a gramme from QR140 on Thursday, bullion traders said.
The rate of 21-carat gold was QR130 per gramme and of 18 carats, which is popular with Filipinos, was QR111.5 per gramme.
Some jewellery outlets now send messages on the mobile phones of their regular customers, informing them of price falls, if any.
According to one jewellery store, some customers track gold rates on a daily basis and come rushing to make purchases when the prices dip.
Yesterday's prices were, though, a little higher than those in on December 4 last year when pure gold's rate had fallen to QR144 per gramme.
During the past year since October 2013, prices have almost been stable. On October 5 last year, for instance, a gramme of pure gold was sold for QR148 compared to QR147 now).
Gold had become very expensive three years ago with rates peaking in October 2011. One gramme of 24-carat gold was available for QR210 at the time. The rate varied between QR180 and QR200 until September 2012 after which there has been a downward curve.
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