GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Gold Approaches $5,000 Mark, Silver Surges to $100 Amid High Demand

Gold Approaches $5,000 Mark, Silver Surges to $100 Amid High Demand

Post by : Bianca Haleem

Gold and silver prices continue to hover near all-time highs this Thursday, fueled by robust investor interest and ongoing global economic uncertainty.

Spot gold maintained a level of $4,931.28 per ounce as of 13:32 GMT, having briefly peaked at $4,967.03 earlier in the trading session. Meanwhile, US gold futures for February delivery saw a 0.4% increase, reaching $4,934.20 per ounce.

Earlier in the day, gold prices saw a slight decline as certain investors took profits following a significant upward trend.

Both silver and platinum also achieved record prices, with their values climbing approximately 14% since the beginning of the year. Silver has experienced a remarkable 37% increase year-to-date, driven by vigorous purchasing activity and strong market demand.

Platinum prices rose by 1.5% to $2,667.47 per ounce after reaching a peak of $2,684.43, resulting in annual gains of 30%. Conversely, palladium saw a decline of 0.7% to $1,907.45 per ounce.

Experts indicate that ongoing purchases by central banks, along with a shift in preference away from the US dollar, are significant contributors to the rising gold prices. Investors increasingly view precious metals as a safe haven amidst global monetary risks and market fluctuations.

Jan. 24, 2026 12:34 p.m. 1437
Global News World News Gold

More Trending News

Featured Stories

Nepal Flood Rescue: Worker Pulled Alive From Tunnel
Sept. 4, 2026 5:53 p.m.
Nepal Army rescuers pull a worker alive from a Trishuli 3A tunnel as teams continue operations after severe flooding
Read More
Yemen Clashes Kill 81 as Houthi Offensive Escalates
Sept. 4, 2026 5:43 p.m.
Yemen clashes have killed 81 combatants as Houthi forces launch a major ground offensive near key Red Sea areas
Read More
OpenAI Unveils GPT-6 Astra Amid AI Safety Concerns
Sept. 4, 2026 4:49 p.m.
OpenAI unveils GPT-6 Astra as AI safety concerns grow over cyber risks regulation and advanced AI capabilities
Read More
Saudi Consumer Spending Surges 11.5% to $4.21 Billion
Sept. 4, 2026 4:41 p.m.
Saudi consumer spending jumped 11.5% to $4.21bn as food retail and back-to-school purchases increased
Read More
Madraj Camel Auction Opens in Saudi Arabia
Sept. 4, 2026 4:06 p.m.
Madraj Camel Auction opens in Qassim with camel sales hospitality and cultural activities during a 10-day event
Read More
US Investigates Alleged Missile Strike on Iran Wedding
Sept. 4, 2026 1:28 p.m.
US investigates claims that a missile hit an Iranian wedding killing at least four people and injuring dozens
Read More
Kuwait Arrests Four in Major Drug Bust
Sept. 4, 2026 10:03 a.m.
Kuwait authorities arrest four suspects and seize cocaine crystal meth, Captagon tablets and hashish in two drug cases
Read More
Wildfire in Northern Greece: Day Two of Firefighting Operations
Sept. 3, 2026 4:20 p.m.
A significant wildfire in Greece's Florina region enters its second day, leading to evacuations and intensified firefighting efforts.
Read More
Oman Customs Seizes More Than 6kg of Marijuana
Sept. 3, 2026 3:44 p.m.
Oman Customs seized more than 6kg of marijuana hidden inside a postal parcel during a smuggling attempt
Read More
Sponsored
Trending News
Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians die from airstrike injuries as Israeli bombardment continues in Gaza medical sourc
Aug. 24, 2026 4:24 p.m. 355
China Flood Death Toll Rises to 159 in Guangxi

China Flood Death Toll Rises to 159 in Guangxi

Floods in southern China have killed 159 people while 10 remain missing as Guangxi continues its re
Aug. 21, 2026 4:23 p.m. 353
Embracing Life's Unpredictability: Trust in Your Journey

Embracing Life's Unpredictability: Trust in Your Journey

Explore how embracing life's uncertainties and trusting the process can lead to growth and new oppor
June 26, 2026 12:59 p.m. 1901
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 2052
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 1837
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 1994
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 2445
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 1768