New York: Futures prices for one troy ounce (31.1 grams) of gold have increased in commodity markets, APA-Economics reports citing exchange data. The price of June futures for one troy ounce of gold on the New York COMEX commodity exchange rose by 1.99%, reaching USD 3,304.90.

According to Azeri-Press News Agency, the surge in gold prices on the COMEX is accompanied by an increase in the price of silver. The price of May futures for one ounce of silver also increased by 0.52%, reaching USD 32.77.