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The price of gold in the Qatari market increased by 0.13 percent during the week, climbing to $4,059.42 per ounce on July 30, 2026, according to data issued by Qatar National Bank and reported by the Qatar News Agency. The QNB figures showed the metal had opened the period at $4,053.77 per ounce. This limited weekly advance took place as precious metals displayed mixed results amid broader market conditions.
The Qatar News Agency indicated that silver recorded a 1.10 percent decline to $57.57 per ounce from $58.21 at the start of the week. Platinum, however, posted a 0.62 percent gain to $1,607.57 per ounce compared with $1,597.54 on Sunday, the same QNB dataset revealed. These shifts illustrate varying performances across the metals tracked in the bank’s weekly update.
Global gold prices have risen more than 22 percent over the past year, Trading Economics data shows, even after reaching an all-time high above $5,600 per ounce earlier in 2026. The commodity has since traded around the $4,050 level in late July. A World Gold Council mid-year outlook for 2026 found that the metal could remain rangebound near $4,100 per ounce in the second half under prevailing macroeconomic conditions.
JPMorgan commodities research projects that gold will average $5,243 per ounce across 2026, with potential to reach $6,000 in the fourth quarter. The bank’s assessment attributes the trajectory to sustained central bank purchases and demand for safe-haven assets. Such forecasts supply longer-term perspective on the relatively small movement registered in the Qatari market this week.
Retail gold prices in Qatar held at 484 QAR per gram for 24-carat metal on July 30, Gulf News figures show, offering a local benchmark that has remained stable in recent sessions. The domestic market caters to both jewelry demand and investment interests in an economy with elevated per-capita income. Qatar National Bank regularly monitors international ounce prices to support local stakeholders.
Demand for physical gold across the Gulf has stayed resilient despite periodic price swings, according to reports from regional financial institutions. In Qatar, cultural traditions and a diverse expatriate population contribute to consistent transaction volumes at licensed outlets. The latest QNB weekly compilation therefore assists participants in evaluating short-term developments against established patterns.
