Gold Price in Oman Hit OMR 15.10

Gold Price Today in Dubai
Price of gold in Oman for 24K was OMR16.40 , 22K record OMR15.10 and 18K record OMR12.30

Gold prices held steady on Thursday, a day after recording the biggest one-day drop in the percentage in nearly nine months as tensions over North Korea and world trade cooled.

Prices fell 1.5 percent on Wednesday, their biggest daily percentage loss since July 3, 2017.

US gold futures for April delivery settled at $ 1324 an ounce.

“There was a premium on the price of gold because of the trade issue and the situation with North Korea,” said Cameron Alexander, analyst at GMSS Metal Markets Consultancy, owned by Thomson Reuters. Both of these tensions seem less restrained at the moment. ”

Silver settled in spot trade after falling to $ 16.20 an ounce, its lowest price in a week. Silver is heading for its worst quarterly performance in three quarters.

Platinum rose 0.5 percent to $ 936.30 an ounce after the previous session hit a three-month low. The metal has been around 5 percent lower since the start of the month and its worst month since September.

Palladium rose 0.3 percent to $ 968.90 an ounce. The metal is losing more than 7 percent this month, the sharpest drop since December 2016, down more than 8 percent since the start of the quarter, its worst performance since the December quarter.

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