New york: The price of one troy ounce of gold rose by $275.1, reaching $5,615 on the COMEX Commodity Exchange in New York. Silver decreased by $5.82, trading at $119.36 per ounce.

According to Azerbaijan State News Agency, this significant increase in gold prices marks a new record on the global market. The rise in gold value comes amidst fluctuating market conditions, influencing investors' decisions and commodity trading dynamics.

Market analysts are closely monitoring these changes, as the surge in gold prices could have broad implications for economic trends and investment strategies worldwide. Meanwhile, the decline in silver prices presents a contrasting trend, highlighting the volatile nature of commodities trading.