Qatar · QAR · May 2021
Gold Price in Qatar — May 2021
In May 2021, the gold price in Qatar closed at approximately ر.ق6,916 per troy ounce, equivalent to ر.ق2,594 per tola or ر.ق222 per gram. This represents a +2.69% change on the month (ر.ق6,735 open → ر.ق6,916 close).
Open
ر.ق6,735
per troy ounce
Close
ر.ق6,916
per troy ounce
High
ر.ق6,955
per troy ounce
Low
ر.ق6,434
per troy ounce
All unit prices at May 2021 close — Qatar
| Unit | Weight | Closing QAR price |
|---|---|---|
| Troy ounce | 31.1035 g | ر.ق6,916 |
| Gram | 1.0000 g | ر.ق222 |
| 10 grams | 10 g | ر.ق2,224 |
| Kilogram | 1,000 g | ر.ق222,354 |
| Tola | 11.664 g | ر.ق2,594 |
Karat-purity breakdown at May 2021 close
| Karat | Per gram | Per tola |
|---|---|---|
| 24KQATAR STD | ر.ق222 | ر.ق2,591 |
| 22K | ر.ق204 | ر.ق2,376 |
| 21K | ر.ق195 | ر.ق2,269 |
| 18K | ر.ق167 | ر.ق1,945 |
| 14K | ر.ق130 | ر.ق1,517 |
| 10K | ر.ق93 | ر.ق1,082 |
Daily gold price in QAR — May 2021
May 2021 gold market: Inflation fears drive gold to $1,900
BullishHot inflation data revived gold's inflation-hedge appeal.
Gold rallied strongly to around $1,900 in May after a much hotter-than-expected April US inflation report stoked fears that price pressures would prove persistent. A weaker dollar amplified the move.
What drove gold in May 2021
- hot April US CPI (released mid-May)
- weaker US dollar
- inflation-hedge demand
- Fed insisting inflation was 'transitory'
Key events in May 2021
- May 12Hot US CPI print stokes inflation fears; gold rallies
What happened next
The rally stalled abruptly in June when the Fed turned hawkish.
For gold buyers in Qatar
May was gold's best stretch of 2021 — proof the metal still rallied hard on inflation, until the Fed pushed back.
The 2021 gold market: Consolidation below 2020 highs
Gold traded mostly sideways in 2021 between $1,680 and $1,950 as the Fed signaled coming tightening. Cryptocurrency mania peaked in November. Inflation began running above target. Year close: $1,829.
Key drivers in 2021
Crypto-boom drawing capital, Fed taper announcement, inflation rising, equity rally
2021 XAU/USD high
$1,945 (Jun)
2021 XAU/USD low
$1,676 (Mar)
Era context — The modern bull market (2019 to today)
Gold's second major bull market of the 21st century. Driven by COVID stimulus, Russia sanctions, central-bank accumulation at record levels, and the structural shift toward a multi-polar reserve system. New all-time highs reached repeatedly since 2020.
The Qatar gold market
Qatar's gold market trades primarily in Doha's Gold Souq Al Wakrah. 24K and 21K purities dominate. Qatar applies a 5% VAT on jewellery making charges; investment-grade bullion (≥99.5%) is exempt.
Standard quote unit
gram
Common purity
24K
Currency
QAR (ر.ق)
Daily gold price — May 2021, Qatar
ر.ق6,735
$1,850.26/oz
ر.ق6,545
$1,798.07/oz
ر.ق6,434
$1,767.70/oz
ر.ق6,544
$1,797.80/oz
ر.ق6,488
$1,782.30/oz
ر.ق6,600
$1,813.20/oz
ر.ق6,685
$1,836.60/oz
ر.ق6,718
$1,845.54/oz
ر.ق6,699
$1,840.50/oz
ر.ق6,658
$1,829.10/oz
ر.ق6,664
$1,830.70/oz
ر.ق6,631
$1,821.80/oz
ر.ق6,691
$1,838.10/oz
ر.ق6,801
$1,868.53/oz
ر.ق6,747
$1,853.70/oz
ر.ق6,795
$1,866.80/oz
ر.ق6,874
$1,888.50/oz
ر.ق6,837
$1,878.30/oz
ر.ق6,828
$1,875.90/oz
ر.ق6,869
$1,887.07/oz
ر.ق6,844
$1,880.20/oz
ر.ق6,869
$1,887.00/oz
ر.ق6,915
$1,899.80/oz
ر.ق6,885
$1,891.50/oz
ر.ق6,916
$1,900.00/oz
ر.ق6,955
$1,910.66/oz
ر.ق6,916
$1,900.00/oz
How Qatar gold prices are calculated on this page
Source. The international XAU/USD spot price comes from gold-api.com's historical archive (London PM-fix benchmark). The QAR/USD exchange rate comes from exchangerate-api.com's 2021 year-end snapshot.
Conversion. Every QAR figure on this page is computed as XAU/USD price × QAR/USD rate. We use the year-end exchange rate consistently across all May 2021 prices on this page.
Per-unit math. Per-gram = per-ounce ÷ 31.1035. Per-tola = per-gram × 11.664. Per-10g = per-gram × 10. Per-kilo = per-gram × 1000. Karat values multiply per-gram by the purity ratio (24K = 0.999, 22K = 0.916, 21K = 0.875, 18K = 0.750, 14K = 0.585, 10K = 0.417).
What this page does NOT include. Local sales tax / VAT, customs duty on imports, dealer making charges, jewellery design premiums, or coin numismatic premiums. To go from this pure-metal value to a final retail rate in Qatar, add the country-specific levies described in the “Qatargold market” section above.
FAQ — Qatar gold price in May 2021
What was the gold price in Qatar in May 2021?
In May 2021, gold in Qatar opened at ر.ق6,735/oz and closed at ر.ق6,916/oz — a move of +2.69% on the month. Per tola: ≈ر.ق2,594; per gram: ≈ر.ق222; per 10g: ≈ر.ق2,224.
What was the 24K gold rate per tola in Qatar in May 2021?
The 24K gold rate per tola in Qatar at the May 2021 close was approximately ر.ق2,594, derived from international XAU/USD spot of $1,900.00/oz times the 2021-end QAR/USD exchange rate of 3.64. This is pure metal value; final retail rates include local taxes and dealer making charges.
What was the 24K gold rate per gram in Qatar in May 2021?
Qatar's most-quoted retail standard is 24K per gram. At the May 2021 close, that worked out to approximately ر.ق222 (24K pure-metal value). Add local taxes and making charges for the final retail rate.
How was the local currency price calculated?
QAR prices on this page are computed from the verified international XAU/USD spot price for May 2021 (sourced from gold-api.com), multiplied by the 2021-end QAR/USD exchange rate from exchangerate-api.com. We use year-end rates as a single reference point for the entire month — for most stable currencies the within-year FX drift is small, but during currency crises (PKR 2022–23, TRY 2022, ARS 2024 etc.) the actual mid-month rate may differ.
Why does the retail price in shops differ from this number?
The ر.ق figures here represent the international gold spot price converted to QAR at the 2021-end exchange rate. Qatar's retail jewellers add (1) import duties and sales tax (varies by SKU and karat), (2) dealer making charges (typically 3–12% of metal value), and (3) a small premium for purity certification on bars. Always verify the exact day's retail rate with a reputable local dealer before transacting.
Want today's rate in Qatar? See live gold prices in Qatar with minute-by-minute updates and per-karat breakdowns.
Different month or year? Use the prev / next buttons above, or jump to the full 2021 archive or the USD-only May 2021 page with the country-by-country list at the bottom.
Other markets? Compare May 2021 prices across other major gold-trading countries: Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Oman, Egypt.
Disclaimer: Historical gold prices on this page reflect the international XAU/USD spot price for the requested period, converted to QAR at the 2021-end exchange rate. They are intended for informational and educational use only and do not constitute investment advice or a price quote for buying or selling physical gold today. Always verify current local rates with a reputable bullion dealer in Qatar before transacting.