Gold prices in Qatar, as the Qatari gold markets have witnessed in recent days a price increase in the price of gold, as prices rose today, Friday, April 21, 2023, by an amount ranging between 0.18 to 0.16 of the Qatari riyal, compared to the same calibers in the same Qatari markets yesterday, Monday.
In a related economic context, this price increase has aroused the interest of investors in the gold market in Qatar, and in this article we will try to identify the reasons that led to this, and analyze the current situation.
There are many factors that affect the price of gold, including:
International Economy
The movement of the global economy and its indicators is one of the most important factors affecting the price of gold, as the price of gold decreases in periods of economic stability, and rises in cases of economic recession.
inflation
Inflation is one of the reasons that lead to the rise in the price of gold, as gold retains its value over time and can be used as a safe haven from inflation.
political instability
Political conflicts and security unrest are among the factors that greatly affect the price of gold, as investors resort to buying gold as a safe haven.
Supply and demand
The ratio of supply and demand is one of the factors that determine the price of gold, as the price of gold rises in the case of high demand for it and decreases in the case of great supply for it.
The following tables show the gold price in Qatar today, Friday, April 21, 2023, and the previous ten days on the same Qatar gold exchange.
| Unit | Qatari Ryal | American dollar |
|---|---|---|
| 24 karat gold price | 233.90 riyals | $64.25 |
| 22 karat gold price | 214.41 riyals | $58.90 |
| 21 karat gold price | 204.67 riyals | $56.22 |
| 18 karat gold price | 175.43 riyals | $48.19 |
| 14 karat gold price | 136.45 riyals | $37.48 |
| 12 karat gold price | 116.95 riyals | $32.13 |
| Gold ounce prices | 7,274 riyals | $1,998 |
| Gold pound prices | 1,637 riyals | $449.77 |
| Price per kilo of gold | 233,905 riyals | $64,251 |
| today | 24 karat | 21 caliber | 18 karat | 14 karat | 12 karat |
|---|---|---|---|---|---|
| April 17th | 233.78 | 204.56 | 175.33 | 136.37 | 116.89 |
| April 16th | 234.74 | 205.40 | 176.05 | 136.93 | 117.37 |
| April 15th | 234.74 | 205.40 | 176.05 | 136.93 | 117.37 |
| April 14th | 234.89 | 205.53 | 176.17 | 137.02 | 117.44 |
| April 13th | 238.92 | 209.06 | 179.19 | 139.37 | 119.46 |
| April 12th | 235.81 | 206.34 | 176.86 | 137.56 | 117.91 |
| April 11th | 234.69 | 205.36 | 176.02 | 136.90 | 117.34 |
| April 10th | 233.33 | 204.17 | 175.00 | 136.11 | 116.66 |
| April 9th | 235.12 | 205.74 | 176.34 | 137.16 | 117.56 |
| April 8th | 235.12 | 205.74 | 176.34 | 137.16 | 117.56 |
