Doha: Gold prices rose more than 2 percent during Wednesday's trading, supported by a weaker dollar. The decline in oil prices helped ease concerns related to rising inflation and tightening global interest rates, amid reports of a US move to end the war in the Middle East. Spot gold rose 2.1 percent to $4,571.02 per ounce.

According to Qatar News Agency, US gold futures for April delivery also climbed 3.8 percent to $4,570.30. As for other precious metals, spot silver rose 3.8 percent to $73.94, platinum climbed 2.6 percent to $1,984.05, and palladium rose 1.5 percent to $1,461.75.