Gold prices hit $2,700 per troy ounce* for the first time in history.

 Gold prices hit $2,700 per troy ounce for the first time in history.

Demand from central banks and interest from retail investors are the main reasons for this price increase.

Geopolitical tensions and economic uncertainty in the Middle East have fueled investor interest in gold.

This event opened a new horizon in the gold market and established gold as a safe investment medium for investors.

Read More

Troy is a unit of weight, commonly used to measure the weight of precious metals such as gold and silver. One troy ounce is equal to approximately 31.1035 grams. It is slightly heavier than the normal ounce (which is about 28.35 grams).