MCLENNAN COUNTY, Texas (KXXV) — Remember that old gold watch tucked away in your jewelry box or the class ring you bought in the 1980s? Those forgotten treasures have nearly doubled in value over the past two years as precious metals reach unprecedented price levels.

Gold prices have nearly doubled from $2,200 per ounce in March 2024 to over $4,000 per ounce currently.

Silver has also doubled from $25 per ounce to $50 per ounce in the same timeframe.

Growing distrust in the U.S. dollar and central bank purchases by countries like China and Russia are driving the surge.

Old jewelry has significantly increased in value - a gold watch worth $500 two years ago could now be worth $1,000.

You can watch the full story here: That old gold jewelry in your drawer just doubled in value - here

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