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Gold Prices During Ramadan in Qatar
Ramadan is the peak gold shopping season in Qatar. Eid al-Fitr gift-giving drives massive demand for gold jewelry, which affects making charges, shop promotions, and overall market dynamics. Here’s what you need to know.
| Karat | Per Gram | Per Tola | Per Oz | Per 10g | Per Kg | 24h Change |
|---|---|---|---|---|---|---|
| 24 Karat | QAR 560.95 | QAR 6,542.80 | QAR 17,447.48 | QAR 5,609.49 | QAR 560,949.24 | ▼ 0.29% |
| 22 Karat | QAR 514.20 | QAR 5,997.57 | QAR 15,993.53 | QAR 5,142.03 | QAR 514,203.47 | ▼ 0.29% |
| 21 Karat | QAR 490.83 | QAR 5,724.95 | QAR 15,266.55 | QAR 4,908.31 | QAR 490,830.58 | ▼ 0.29% |
| 18 Karat | QAR 420.71 | QAR 4,907.10 | QAR 13,085.61 | QAR 4,207.12 | QAR 420,711.93 | ▼ 0.29% |
| 14 Karat | QAR 327.22 | QAR 3,816.63 | QAR 10,177.70 | QAR 3,272.20 | QAR 327,220.39 | ▼ 0.29% |
| 10 Karat | QAR 233.73 | QAR 2,726.17 | QAR 7,269.79 | QAR 2,337.29 | QAR 233,728.85 | ▼ 0.29% |
All prices in QAR · Today, 4:42 AM
How Ramadan Affects Gold Prices in Qatar
The Metal Price
The international spot price of gold is not directly affected by Ramadan. Gold trades 23 hours a day on global markets based on macroeconomic factors, not religious calendar events. Spot price moves based on US Federal Reserve policy, inflation data, geopolitical events, and central bank buying.
Making Charges and Promotions
This is where the real Ramadan effect happens:
- Pre-Ramadan (1–2 weeks before): Some shops raise making charges slightly due to anticipated demand. Early shopping is better.
- During Ramadan: Many shops offer Ramadan promotions — reduced or waived making charges on select pieces, “buy X grams get Y% off making charge” deals, and free gifts with purchase.
- Eid al-Fitr week: Peak demand and highest footfall. Making charges return to standard or slightly above. Limited negotiation room because shops are very busy.
- Post-Eid (1–2 weeks after): Best deals. Shops clear Eid inventory with reduced making charges and promotions. Best time for value-conscious buyers.
Best Time to Buy Gold During the Ramadan Season
- Best: 1–2 weeks after Eid — clearance deals, lowest making charges
- Good: First two weeks of Ramadan — promotional offers, moderate crowds
- Avoid: Last 3 days before Eid — highest prices, maximum crowds, rushed service
Gold Price Chart — Spot the Trends
| Date | 24K / Gram | 22K / Gram | Change |
|---|---|---|---|
| Apr 21, 2026 | QAR 560.95 | QAR 514.20 | — |
| Apr 20, 2026 | QAR 560.73 | QAR 514.00 | ▼ 0.04% |
| Apr 19, 2026 | QAR 565.17 | QAR 518.07 | ▲ 0.79% |
| Apr 18, 2026 | QAR 565.17 | QAR 518.07 | — 0% |
| Apr 17, 2026 | QAR 561.24 | QAR 514.47 | ▼ 0.69% |
| Apr 16, 2026 | QAR 564.58 | QAR 517.53 | ▲ 0.59% |
| Apr 15, 2026 | QAR 564.78 | QAR 517.72 | ▲ 0.04% |
| Apr 14, 2026 | QAR 558.61 | QAR 512.06 | ▼ 1.09% |
| Apr 13, 2026 | QAR 552.28 | QAR 506.26 | ▼ 1.13% |
| Apr 12, 2026 | QAR 555.82 | QAR 509.50 | ▲ 0.64% |
| Apr 11, 2026 | QAR 555.82 | QAR 509.50 | — 0% |
Eid Gold Gift Traditions
In Gulf culture, gifting gold during Eid is a deeply valued tradition. Common Eid gold gifts:
- Gold coins (1g–10g): Perfect for children and young relatives. Available at Al Meera and brand stores.
- Bangles: Traditional Eid gift for mothers, sisters, and wives
- Pendant necklaces: Popular for teens and young adults
- Gold bars: Investment gift for adults — a meaningful and appreciating present
Ramadan Gold Shopping Tips
- Shop during daytime hours when Souq Waqif is less crowded (10 AM–12 PM)
- Visit multiple shops early in Ramadan to compare deals before committing
- Ask specifically about “Ramadan offers” — some are not displayed but available on request
- Mall stores (Malabar, Damas) typically have the best structured Ramadan promotions