MONTPELIER, Vt. (WCAX) - Rising precious metal prices are driving market activity, including in our region. The price of gold has risen to over $5,000 for one ounce, nearly $4,000 more than five years ago. Craig McDermott, owner of Gold Silver Antique & Pawn in Montpelier, said his phone has been ringing nonstop. “It doesn’t take much to add up to a lot of money when it comes to gold and silver right now,” McDermott said. As for the reason behind the increased value, Monty said many see it as an alternative to hard currency.