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Is this the best time to invest in gold in Oman?

Amid the coronavirus pandemic crisis, people are making use of gold’s high value to sell and pocket much-needed cash.

TAS News Service
June 21, 2020 4:56 pm

MUSCAT: Gold has always been a safe haven asset and had further proved its trustworthiness by strengthening its position even during this coronavirus outbreak across the globe.

While all other assets like currency, oil, stock markets and real estate have steeply declined in value, gold has appreciated 27% in the last one year, with the price/ounce on 19 June 2020 being USD 1745 as against USD 1379 on 19 June 2019.

The ease to liquidate the metal for cash without losing value even during these difficult times has further increased its dependability.

Speaking to The Arabian Stories, Najeeb K, Regional Head – Oman, Malabar Gold & Diamonds, said this is the best time to invest in gold. “Considering the all-time favorability of gold as a value-appreciating lifestyle article, it is the best time now for consumers to invest in the metal and ensure savings,” he said.

Najeeb K, Regional Head – Oman, Malabar Gold & Diamonds.

Malabar Gold has reopened most of its stand-alone showrooms after coronavirus lockdown in the country. “We have reopened a few of our stores across Oman, following all safety precautions. Considering the current health concerns, we have taken all precautionary measures to deliver a safe shopping experience to our customers, including frequent store & surface sanitization, practicing social distancing, employee safety checks, safe billing and jewellery sanitization after each trial”, Najeeb added.
 
Malabar Gold & Diamonds’ stores in Oman, are opened across the following locations:

  1. West Gate Mall, Ruwi High Street -9am to 6pm (Sunday to Thursday) -24701916
  2. Opp. Old Police station, Ruwi High Street -9am to 6 pm (Sunday to Thursday) -24781916
  3. Lulu Hypermarket, Salalah -10 am to 1.30 pm 4.30 to 10 pm-23213619
  4. Seeb Gold Souq -9.30 am to 1.30 pm 4.30 pm to 10 pm -24424916

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