Gold and silver prices are hitting new highs in global markets, with significant increases also observed in Georgia. As of 2:00 p.m. Tbilisi time on October 15, the price of an ounce of gold reached $4,198, marking a 12.43% rise over the past month. Silver has climbed even more sharply—21.92%—with an ounce now trading at $52.66.

These global trends are mirrored in Georgia. Over the past week alone, the price of precious metals has increased by more than 4% locally:

Gold 999 sample: 370 GEL (up from 357.44 GEL)

Gold 750 sample: 277.84 GEL (up from 268.11 GEL)

Gold 585 sample: 216.71 GEL (up from 209.12 GEL)

Silver has also seen a notable rise:

Silver 925 sample: 4.72 GEL (up from 4.11 GEL)

Silver 800 sample: 3.77 GEL (up from 3.55 GEL)

The upward trend is driven by a mix of global economic uncertainty, increased demand for safe-haven assets, and market speculation, fueling both international and local price hikes.