On Thursday night, Bahaa Badr was shot by Israeli forces in the chest during clashes between the Israeli military and protesters.
According to numerous reports, soldiers opened fire when demonstrators started throwing Molotov cocktails and stones at three army jeeps that had entered the area to the west of Ramallah.
It is not clear whether Badr had taken part in the demonstrations, which were described by the Israeli army as illegal riots.
A military spokesperson for Israel said its army would be investigating the shooting and that soldiers were forced to fire when the boy threw a firebomb towards them.
The Ramallah hospital director Ahmed Betawai said the boy died of gunshot wounds two hours after being shot three times in the chest with live ammunition.
Laila Ghanam the Ramallah governor told a news station that the killing of Badr was another example of the crimes Israel carries out against children.
Tensions on the West Bank have increased since the beginning of the 50-day war with Israel in July in Gaza, which killed more than 2,000 Palestinians.
In another separate incident in the Silwan neighborhood of Jerusalem, Molotov cocktails were thrown by Arab Israelis at a private vehicle and a police car.
Clashes on a frequent basis have been reported across east Jerusalem that is where the Al-Aqsa mosque is, which is the third holiest Islam site.
Tensions at Temple Mount and Al-Aqsa spiked during last week when border police in Israel began limiting Palestinian worshippers access at the east Jerusalem Haram al-Sharif.
Israel prevented men who were less than 50 from taking part in worshipping at the mosque.
Riots were planned following Friday prayers.
The Old City protesters alleged the worshippers who are Jewish were given complete access to Temple Mount during the Sukkot Jewish festival.
The prime minister of Israel Benjamin Netanyahu has denied those allegations and has placed the blame on Palestinian extremists for instigating the violence.