Doha: Gold rose by more than one percent on Monday, while other precious metals also went up, amid escalating geopolitical tensions and increased demand for safe-haven assets. Spot gold climbed by around 1.5 percent to $4,395.35 per ounce, reaching its highest level in more than a week.

According to Qatar News Agency, the precious metal registered a record high of $4,549.71 per ounce on December 26, 2025. US gold futures for February delivery rose 1.8 percent to $4,405.40. Gold posted strong gains in 2025, ending the year up 64 percent, which is its largest annual gain since 1979, driven by interest rate cuts, safe-haven demand, and inflows into exchange-traded funds (ETFs).

As for other precious metals, spot silver jumped 4.5 percent to $75.86 per ounce, after hitting an all-time high of $83.62 on December 29. Silver ended the year up 147 percent, far outperforming gold, marking its best year on record. Silver reached new record levels due to its classification as a critical US metal, supply constraints, and rising industrial and investment demand.

Spot platinum rose 1.5 percent to $2,175.15 per ounce, after climbing to a record high of $2,478.50 last Monday. It had earlier gained more than 5 percent during the session to reach a one-week high.