The Qatari index rose 0.3 percent, continuing its gains for the eighteenth session in a row, with the shares of QNB Al Ahli Bank, the largest bank in the Gulf, rising 0.1 percent and the Qatar Petrochemical Manufacturing Industry rising 0.2 percent.
The Qatari index rose in all sessions this month, recording its highest monthly gain this year, according to data from the London Stock Exchange.
The main Gulf stock exchanges rose in early trading on Thursday, with Saudi Arabia leading the gains, supported by a rise in shares of ACWA Power, the largest public utility company, while the Dubai index fell.
Oil prices – a major catalyst for financial markets in the Gulf region – rose on Thursday due to concerns that a possible expansion of the war on Gaza could disrupt Middle East supplies, and Brent crude rose 0.3 percent to $85.51 a barrel.
Gold price in Qatar
The price of gold in Qatar achieved a state of increase during today’s trading compared to the prices yesterday, so the price of 24 karat gold rose to 271.65 riyals, which is equivalent to 74.42 dollars.
24 karat gold price
The price of 24 karat gold rose today in Qatar to 271.65 riyals, equivalent to 74.42 dollars.
22 karat gold price
The price of 22 carat gold today was about 249.01 riyals, equivalent to $68.22.
The price of 21 karat gold in Qatar
The price of 21 karat gold increased to 237.69 riyals, equivalent to 65.12 dollars.
18 karat gold price
The price of 18 karat gold was about 203.74 riyals, equivalent to $55.82.
12 karat gold price
The price of 12 karat gold rose today in Qatar to 135.82 riyals, equivalent to 37.21 dollars.
Price of an ounce of gold
The price of an ounce of gold today in Qatar was about 8,449.20 riyals, equivalent to $2,314.86.
The price of a kilo of gold in Qatar
The price of a kilo of gold today increased in Qatar to 271,648.02 riyals, equivalent to 74,424.42 dollars.
Gold price globally
The global price of an ounce reached $2,336.
Global gold prices witnessed a recovery during Thursday’s trading in an attempt to compensate for the losses that gold incurred during the previous sessions, which pushed it to record its lowest level in a week. This comes in light of gold maintaining its gains ahead of the main data issued by the US economy this week.
The main reason behind the decline in gold prices over the past two days is the rise in the levels of the US dollar, which yesterday recorded its highest levels in two months against a basket of major currencies. Which pushed gold to decline further in light of the inverse relationship between them.
The rise in the levels of the US dollar is supported by the significant decline witnessed by the Japanese yen, which reached its lowest levels since 1986 at above the level of 160.00 yen per dollar, thus supporting the levels of the US dollar.
