The price of gold has dipped in recent global trading, with 1 ounce currently valued at $4,198, down 0.36% for the day, according to Gold Price. Despite the daily drop, gold has gained 5.7% over the past month and 60% over the past year.

In Georgia, gold prices have risen locally, increasing by about 4 GEL per gram in one day. Today, 1 gram of 999-grade gold costs 379 GEL, up from 375 GEL yesterday.

Wedding rings made of 958-grade gold have also seen price growth, with an annual increase of 47% and a monthly rise of 4%, according to the National Statistics Service.