New york: The price of one troy ounce of gold increased by $46.50, reaching $5,170.20 on the COMEX Commodity Exchange in New York.

According to Azerbaijan State News Agency, silver also saw an increase, trading at $1.28 per ounce, up $84.75. The fluctuations in precious metal prices are closely watched by investors and market analysts as they can impact economic forecasts and investment strategies.