Gold prices in Qatar fell by 1.23% this week, according to new data from Qatar National Bank (QNB). The price of gold per ounce fell from US$3,338.43 last Sunday to US$3,297.20.

The prices of other precious metals also fell. Silver prices fell by 2.56% to US$37.22 per ounce at the beginning of the week, from US$38.20. Platinum suffered the biggest decline, falling by 5.09% to US$1,338.61 from US$1,410.50.

QNB attributed the changes to trends in the global market.