Gold Price in Qatari Market Rises by 1.48 % During Current Week

Doha: The price of gold in the Qatari market rose by 1.48 percent during the current week, reaching $2661.50000 per ounce, according to data issued by Qatar National Bank (QNB).The data showed that the price of gold rose from $2622.50830 per ounce recorded last Sunday.The data also indicated that the rest of the precious metals recorded a weekly increase, with silver rising by 2.30 percent to $31.88120 per ounce, up from $31.16250 recorded on Sunday, and platinum by 1.82 percent to $1000.74000 per ounce, compared to $982.80240 per ounce at the beginning of the week.Globally, gold prices reached $2,600 for the first time last Friday, continuing a rise that began following the US Federal Reserve's interest rate cuts.Source: Qatar News Agency