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Posted On: 13 June 2019 09:05 am
Updated On: 9 December 2019 09:32 am

All you need to know about selling gold in Qatar

Khadiza Begum
Khadiza Begum
Content Writer
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For centuries, cultures across the globe have craved for gold jewellery for its brilliant yellow hue and as a symbol of wealth. That same obsession survives today! And herein Qatar the gold shops offer anything from very affordable imported bangles and chains to locally made bridal jewellery sets worth hundreds of thousands of Riyal. Souq Waqif has one of the largest clusters of gold-jewellery vendors which is a popular destination to the local and tourist alike for purchasing or selling gold.

In case you are planning to sell your gold for a quick cash or you are just bored with old design and craving for something trendy, hereare a few tips to help you understand how things work. As a precautionary measure against fraud, Qatar’s Ministry of Interior has warned people in Qatar not to buy or sell gold jewellery without going through proper security and safety procedures. Check out the guide below.

selling gold in Qatar

No Objection Certificate for selling gold

In order to sale gold, you have to obtain a “No-objection Certificate” from Police which requires several conditions to meet for men and women. This service is provided by Gold Sales Office at Souq Waqif and other security departments. These requirements are as follows:

Requirements for selling gold by women:

• Take the gold for inspection
• Bring gold bills if any
• Submit the identity card of the gold owner for citizens and residents and passport for visitors.

Requirements for selling gold by men:

• Take the gold to be sold for the inspection. It should belong to first degree (mother, wife, sister, grandmother) or second degree (aunt, aunt) relatives.
• Submit the original ID of the gold owner
• Submit gold bills if any
• If you bring a men's watch, you must bring the purchase invoice
• If you bring gold bullion, bring your purchase invoice
• When sending a representative of the owner of the watch or gold bullion, the original ID card of the owner and the invoice shall be produce
• Permits are not given for those under 18 years of age
• Fee of QR 10 shall be paid by bank card (QR 10).