Close-up of gold bars and coins displayed at a jewelry store in Qatar, with a price board showing a recent drop in market rates.

Gold prices fall in Qatar market

According to Qatar National Bank (QNB), gold prices in the Qatari market fell 0.57% this week to US$3,318.16 per ounce. The price was down from US$3,337.50 per ounce recorded last Sunday.

QNB data showed that other precious metals also fell:

  • Silver prices fell 1.29% to US$36.48 per ounce, from US$36.96 earlier this week.
  • Platinum suffered the biggest decline, from US$1,400.62 earlier this week, down 3.19% to US$1,355.85 per ounce.

The changes reflect a general downward trend in gold prices in the Qatari market this week.

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