Latest news with #NajeebK
Zawya
23-04-2025
- Business
- Zawya
Gold prices hit new record high in Oman
Muscat: Gold prices in Oman hit a record high on Tuesday morning, April 22, with 24-carat gold surpassing OMR 44 per gram for the first time amid global economic uncertainty. At 3pm Oman time on Tuesday, 24K rose to OMR44.050 per gram. Among the other variants, 22K, 21K and 18K surged to OMR 41.200, OMR38.250 per gram, and OMR 32.600 per gram, respectively. Najeeb K, Regional Head, Malabar Gold & Diamonds, said, 'Despite gold prices reaching record highs this week, customer sentiment has remained resilient across our showrooms. Demand continues to be steady, highlighting the deep-rooted belief in gold's enduring value and its role as a secure and value appreciating investment.' He also said while a small slowdown in purchases can be expected amongst price-conscious consumers, such dips are typically short-lived as consumers adapt to the new price range. 'Notably, there has been no significant rise in gold exchange transactions, indicating that customers are holding onto their gold assets — a strong sign of their trust in its lasting worth and stability,' he said. Analysts say gold has traditionally been seen as a hedge against inflation and global economic uncertainty. 'With the current global economic situation marked by instability, investors are increasingly turning to gold as a safe and reliable asset. This trend has only grown stronger as gold continues to break records,' one of them said. Rajesh Rokde, Chairman of the Gem and Jewellery Council of India (GJC), pointed to the ongoing trade war between some countries as one of the main reasons behind the surge in gold prices. While short-term fluctuations may occur, the broader outlook for gold remains strong, with analysts expecting continued demand amid global economic uncertainty. © Muscat Media Group Provided by SyndiGate Media Inc. (
Times of Oman
22-04-2025
- Business
- Times of Oman
Gold prices hit new record high in Oman
Muscat: Gold prices in Oman hit a record high on Tuesday morning, April 22, with 24-carat gold surpassing OMR 44 per gram for the first time amid global economic uncertainty. At 3pm Oman time on Tuesday, 24K rose to OMR44.050 per gram. Among the other variants, 22K, 21K and 18K surged to OMR 41.200, OMR38.250 per gram, and OMR 32.600 per gram, respectively. Najeeb K, Regional Head, Malabar Gold & Diamonds, said, 'Despite gold prices reaching record highs this week, customer sentiment has remained resilient across our showrooms. Demand continues to be steady, highlighting the deep-rooted belief in gold's enduring value and its role as a secure and value appreciating investment.' He also said while a small slowdown in purchases can be expected amongst price-conscious consumers, such dips are typically short-lived as consumers adapt to the new price range. 'Notably, there has been no significant rise in gold exchange transactions, indicating that customers are holding onto their gold assets — a strong sign of their trust in its lasting worth and stability,' he said. Analysts say gold has traditionally been seen as a hedge against inflation and global economic uncertainty. 'With the current global economic situation marked by instability, investors are increasingly turning to gold as a safe and reliable asset. This trend has only grown stronger as gold continues to break records,' one of them said. Rajesh Rokde, Chairman of the Gem and Jewellery Council of India (GJC), pointed to the ongoing trade war between some countries as one of the main reasons behind the surge in gold prices. While short-term fluctuations may occur, the broader outlook for gold remains strong, with analysts expecting continued demand amid global economic uncertainty.
Zawya
18-03-2025
- Business
- Zawya
Oman: Malabar Gold & Diamonds partners with Taageer Finance Co. SAOG
Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with over 380 showrooms across 13 countries, has tied up with Taageer Finance Co. SAOG to offer an easy jewellery financing facility for customers in Oman. This collaboration will enable customers in Oman to purchase jewellery from Malabar Gold & Diamonds with financial support from Taageer Finance Co. SAOG, making exquisite gold & diamond jewellery from Malabar Gold & Diamonds more accessible. Under this agreement, Omani customers can avail of tailored loan solutions to finance their jewellery purchases, with a maximum loan tenure of up to eight years. The financing process is designed to be hassle-free and flexible, allowing customers to choose repayment plans that best suit their financial needs. This initiative is aimed at making jewellery ownership easier, especially for those looking to purchase jewellery for special occasions such as weddings, festivals, and investment purposes. Speaking about the partnership, Mr. Najeeb K, Regional Head of Malabar Gold & Diamonds – Oman, stated: 'At Malabar Gold & Diamonds, our goal has always been to make jewellery shopping a seamless and rewarding experience. Through our partnership with Tageer Finance, we are offering our customers in Oman a convenient and structured financing solution that allows them to own their desired jewellery without financial strain. This initiative reflects our commitment to providing innovative and customer-friendly solutions while ensuring affordability and ease of purchase.' With this initiative, Malabar Gold & Diamonds continues to strengthen its position as a customer-centric brand, providing not only exquisite jewellery but also value-added services that enhance the overall shopping experience. Customers can visit their nearest Malabar Gold & Diamonds showroom in Oman to learn more about the financing options available and take advantage of this exclusive facility. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Muscat Daily
16-03-2025
- Business
- Muscat Daily
Malabar Gold & Diamonds partners with Taageer Finance Co. SAOG
Malabar Gold & Diamonds, the 6th largest jewellery retailer globally with over 380 showrooms across 13 countries, has tied up with Taageer Finance Co. SAOG to offer an easy jewellery financing facility for customers in Oman. This collaboration will enable customers in Oman to purchase jewellery from Malabar Gold & Diamonds with financial support from Taageer Finance Co. SAOG, making exquisite gold & diamond jewellery from Malabar Gold & Diamonds more accessible. Under this agreement, Omani customers can avail of tailored loan solutions to finance their jewellery purchases, with a maximum loan tenure of up to eight years. The financing process is designed to be hassle-free and flexible, allowing customers to choose repayment plans that best suit their financial needs. This initiative is aimed at making jewellery ownership easier, especially for those looking to purchase jewellery for special occasions such as weddings, festivals, and investment purposes. Speaking about the partnership, Mr. Najeeb K, Regional Head of Malabar Gold & Diamonds – Oman, stated: 'At Malabar Gold & Diamonds, our goal has always been to make jewellery shopping a seamless and rewarding experience. Through our partnership with Tageer Finance, we are offering our customers in Oman a convenient and structured financing solution that allows them to own their desired jewellery without financial strain. This initiative reflects our commitment to providing innovative and customer-friendly solutions while ensuring affordability and ease of purchase.' With this initiative, Malabar Gold & Diamonds continues to strengthen its position as a customer-centric brand, providing not only exquisite jewellery but also value-added services that enhance the overall shopping experience. Customers can visit their nearest Malabar Gold & Diamonds showroom in Oman to learn more about the financing options available and take advantage of this exclusive facility.
