Doha — The gold price in the Qatari market climbed 2.27% this week, closing at USD 3,527.57 per ounce on Thursday, according to data from Qatar National Bank (QNB). Prices had stood at USD 3,449.24 per ounce at the start of the week, reflecting stronger demand for the safe-haven metal.
The gains in gold were mirrored across other precious metals. Silver advanced 2.44%, rising to USD 40.69 per ounce from USD 39.72 last Sunday. Platinum also recorded solid growth, increasing 2.75% to USD 1,409.03 per ounce, compared with USD 1,371.28 at the beginning of the week.
Market analysts attributed the uptick to heightened investor interest in defensive assets amid ongoing global economic uncertainties. Gold and other precious metals are often viewed as hedges against inflation, currency fluctuations, and geopolitical risk, making them attractive during periods of volatility.
The performance of gold and precious metals in Qatar underscores broader global trends, as rising demand continues to support prices across commodity markets.
