Gold Futures Hit Record High Above $5,300 per Troy Ounce

TASS/APP

Moscow: Gold futures surged to a new all-time high on Tuesday, with prices on the Comex exchange climbing above $5,300 per troy ounce amid broad gains across precious metals.

Gold futures for February 2026 settlement rose as much as 4.4% to reach $5,306 per troy ounce at 11:32 a.m. Moscow time (08:32 GMT), according to trading data from the New York Mercantile Exchange. Prices later eased slightly, trading at $5,285.3 per ounce by 11:45 a.m. Moscow time, still up nearly 4% on the day.

Other precious metals also recorded strong gains. Silver futures for March 2026 delivery jumped 7.8% to $114.22 per troy ounce on the Comex exchange.

Meanwhile, palladium futures with March 2026 delivery rose 5.84% to $1,990.5 per troy ounce on the NYMEX, while platinum futures for April 2026 delivery advanced 5.45% to $2,675.7 per troy ounce.

The rally highlights heightened investor demand for precious metals, with gold leading the surge to record levels.

Gold prices surge Rs21,100 to all-time high of Rs551,662 per tola

Gold prices surged to an all-time high in the local market on Wednesday as the price of 24-karat gold per tola jumped by Rs21,100 to settle at Rs551,662.

The price of 10 grams of 24-karat gold also jumped by Rs18,090 to Rs472,961, while the price of 10 grams of 22-karat gold rose by Rs16,583 to Rs433,563, according to the All Pakistan Sarafa Gems and Jewellers Association.

Silver prices also witnessed an upward trend, with the price of 24-karat silver per tola increasing by Rs271 to Rs11,911, whereas the price of 10 grams of silver went up by Rs232 to Rs10,211.

In the international market, gold prices climbed by $211 to reach $5,293 per ounce, marking a fresh record, while silver prices rose by $2.71 to $114.36 per ounce, the association reported.