Baku: The price of one troy ounce of gold rose by $16.50 to $4,321.7 on the COMEX (Commodity Exchange Inc.) in New York. The price of silver also increased by $0.09 to $62.38 per ounce.

According to Azerbaijan State News Agency, the recent fluctuations in the gold and silver markets have caught the attention of investors and traders worldwide. The increase in prices is attributed to various factors affecting the global economy, including changes in currency values and market demand.

Market analysts are closely monitoring these trends as they could impact investment strategies and economic forecasts. The rise in prices highlights the ongoing volatility and the potential for further shifts in the market.