Baku: Gold prices rose by $1.80 to $4,696.30 per troy ounce on the COMEX (Commodity Exchange Inc.) in New York. The price of silver also increased by $0.47 to $69.94 per ounce. According to Azerbaijan State News Agency, the changes in the prices of these precious metals are being closely monitored by investors and market analysts as they can have substantial implications for trading strategies and economic forecasts. The increase in gold and silver prices reflects trends in the global commodity markets, where fluctuations are influenced by a variety of socioeconomic factors.