Gold prices hit a record high on the international exchange market. An ounce of metal is currently traded at 3,000 USD, the increase made up over 40% in the last year.
The global rise in gold prices is also reflected on the Georgian market. The company “Zarapkhana” says that over the past three months, the price of 1 gram of gold has increased by 22 GEL.
As the company’s executive director told BMG, they have not changed the prices of gold products yet, but if the rising trend continues, they will have to adjust prices.
"As of today, pure gold costs two hundred sixty-six GEL, since December metal price has increased by approximately 22 GEL per gram, and it is expected to rise to 30 GEL in the coming days. Despite the increase in gold prices, our company has not adjusted its product cost by a single tetri in the last 8 months. As for the expectations, if the price of gold continues to grow, we will be forced to increase the price. Because the company needs funds to exist," - said Tornike Samkharadze.
Along with gold, the price of silver is also increasing on the international exchange. At this stage, silver is traded for thirty-four USD, which is an annual increase of thirty-five percent.
