Gold increased 393.93 USD/t oz. or 15.01% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold - values, historical data, forecasts and news - updated on March of 2025.

Historical dataset of nominal and real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

In 2023, one troy ounce of gold had an annual average price of 1,943.08 U.S. dollars. Gold market and industry From 2012 to 2018, the annual average gold price dropped from 1,668.98 U.S. dollars per troy ounce to 1,268.49 U.S. dollars per troy ounce, with a slight growth to approximately 1,400 U.S. dollars per troy ounce in 2019. In 2020 the figure rebounded to a record 1,769.64 U.S. dollars per ounce. The average price has grown significantly from the early 2000s with an annual average price of 279 U.S. dollars per troy ounce in 2001 up to the record high in 2020. Similarly, the costs of mining gold have risen considerably in recent years. In 2005, mining costs totaled 280 U.S. dollars per troy ounce and increased to 566 U.S. dollars per troy ounce in 2010. As of 2022, for example, Canadian company Barrick Gold reported an average realized gold price of 1,795 dollars per ounce. Gold pricing determinants Gold is a metal that is considered malleable, ductile, and is known for its bright lustrous yellow color. This transition metal is highly valued as a precious metal for its use in coins, jewelry, and in investments. Gold was also once used as a standard for monetary policies between different countries. The price of gold is determined by daily fixings where participants agree to buy or sell at a set price or to maintain the price through supply and demand control. For gold, companies like Barclays Capital, Scotia-Mocatta, Sociétè Générale, HSBC, and Deutsche Bank are members in gold fixing at the London Bullion Market Association.

The price of gold per troy ounce increased considerably between 1990 and 2024, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately 31.3 grams. At the end of 2024, a troy ounce of gold cost 2,386.2 U.S. dollars. Price of – additional information In 2000 the price of gold was at its lowest since 1990, with a troy ounce of gold costing 274.5 U.S. dollars in that year. Since then gold prices have been rising and after the economic crisis of 2008 the price of gold rose at higher rates than ever before as the market began to see gold as an increasingly good investment. History has shown that time and time again, gold is seen as a good investment in times of uncertainty because it can or is thought to function as a good store of value against a declining currency as well as providing protection against inflation. However unlike other commodities, once gold is mined it does not get used up like other commodities (for example, such as gasoline). So while gold may be a good investment at times, the supply demand argument does not apply to gold. Nonetheless, the demand for gold has been mostly consistent.

As of December 2024, the London (morning fixing) price of an ounce of gold cost an average of 2,643.83 U.S. dollars, a slight decrease compared to the average monthly morning fixing price of 2,656.09 U.S. dollars per ounce in the previous month.

London fixing gold price In January 2020, the average price for an ounce of fine gold was 1,560.67 U.S. dollars. It increased to 1,935.04 U.S. dollars as of April 2022. Although the monthly price for fine gold fluctuates, the average annual price of fine gold is gradually increasing. In 2001, the price for one ounce of gold was 271 U.S. dollars, and by 2012 the price had risen to some 1,670 U.S. dollars. By 2023, the annual average gold price was nearly 2,000 dollars per ounce. In that year, global gold demand reached 4,448.3 metric tons worldwide. Price determinants of fine gold Fine gold is considered to be almost pure gold where the value of the metal depends on the percentage of fineness. Twenty-four carat gold is considered fine gold (from 99.9 percent gold by mass and higher). London Gold Fix acts as a benchmark for the price of gold. The price of gold is set by the members of the London Gold Market Fixing Ltd undertaken by Barclays and its other members. The price is determined twice per business day at 10:30 am and 3:00 pm based on the London bullion market in order to settle contracts within the bullion market. The price is based on the equilibrium point between supply and demand agreed upon by participating banks. Gold prices must remain flexible and gold fixing provides an instantaneous price at specified times.

Dataset of historical annual gold prices from 1970 to 2024, including significant events and acts that impacted gold prices.

United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars was 1937.60000 U.S. $ per Troy Ounce in September of 2020, according to the United States Federal Reserve. Historically, United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars reached a record high of 2061.50000 in August of 2020 and a record low of 34.77500 in January of 1970. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Gold Fixing Price 10:30 A.M. (London time) in London Bullion Market, based in U.S. Dollars - last updated from the United States Federal Reserve on March of 2025.

Vietnam Gold Price Index: YoY: Hanoi data was reported at 3.370 % in Jun 2018. This records a decrease from the previous number of 4.000 % for May 2018. Vietnam Gold Price Index: YoY: Hanoi data is updated monthly, averaging 5.635 % from Aug 2008 (Median) to Jun 2018, with 118 observations. The data reached an all-time high of 71.470 % in Dec 2009 and a record low of -25.020 % in Jan 2014. Vietnam Gold Price Index: YoY: Hanoi data remains active status in CEIC and is reported by Hanoi Statistical Office. The data is categorized under Global Database’s Vietnam – Table VN.I030: Gold Price Index: MoM & YoY Growth.

This statistic depicts the average annual prices for gold from 2014 to 2023 with a forecast until 2026. In 2023, the average price for gold stood at 1,943 U.S. dollars per troy ounce, the highest value recorded throughout the period considered.

Historical dataset of real (inflation-adjusted) silver prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.

Spot Price: Central Bank of Oman: Gold per Ounce: Buy data was reported at 1,157.810 OMR in 25 Mar 2025. This records a decrease from the previous number of 1,159.190 OMR for 24 Mar 2025. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data is updated daily, averaging 524.757 OMR from Dec 2007 (Median) to 25 Mar 2025, with 3798 observations. The data reached an all-time high of 1,171.010 OMR in 20 Mar 2025 and a record low of 0.105 OMR in 02 Jan 2022. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data remains active status in CEIC and is reported by Central Bank of Oman. The data is categorized under World Trend Plus’s Commodity Market – Table OM.P001: Gold and Silver Spot Price. [COVID-19-IMPACT]

Silver increased 4.76 USD/t. oz or 16.49% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Silver - values, historical data, forecasts and news - updated on March of 2025.

Spain Gold Price: USD data was reported at 1,214.871 USD/Troy oz in Oct 2018. This records an increase from the previous number of 1,197.827 USD/Troy oz for Sep 2018. Spain Gold Price: USD data is updated monthly, averaging 341.747 USD/Troy oz from Jan 1957 (Median) to Oct 2018, with 742 observations. The data reached an all-time high of 1,771.852 USD/Troy oz in Sep 2011 and a record low of 34.870 USD/Troy oz in Jan 1957. Spain Gold Price: USD data remains active status in CEIC and is reported by Bank of Spain. The data is categorized under Global Database’s Spain – Table ES.P006: Crude Oil and Gold Price.

This statistic depicts the average monthly prices for gold worldwide from January 2014 through January 2025. In January 2025, the average monthly price for gold worldwide stood at 2,709.69 nominal U.S. dollars per troy ounce.

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

Bullion Price: Monthly Average: Mumbai: Gold: Standard data was reported at 76,195.000 INR/10 g in Dec 2024. This records a decrease from the previous number of 76,221.000 INR/10 g for Nov 2024. Bullion Price: Monthly Average: Mumbai: Gold: Standard data is updated monthly, averaging 9,559.000 INR/10 g from Apr 1990 (Median) to Dec 2024, with 417 observations. The data reached an all-time high of 76,713.000 INR/10 g in Oct 2024 and a record low of 3,285.000 INR/10 g in Jul 1990. Bullion Price: Monthly Average: Mumbai: Gold: Standard data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.PG002: Memo Items: Bullion Price.

Between January 1971 and March 2024, gold had average annual returns of 7.98 percent, which was only slightly behind the return of commodities, with an annual average of eight percent. The annual average return of gold in 2023 was 13.1 percent. What is the total global demand for gold? The global demand for gold remains robust owing to its historical importance, financial stability, and cultural appeal. During economic uncertainty, investors look for a safe haven, while emerging markets fuel jewelry demand. A distinct contrast transpired during COVID-19, when the global demand for gold experienced a sharp decline in 2020 owing to a reduction in consumer spending. However, the subsequent years saw an increase in demand for the precious metal. How much gold is produced worldwide? The production of gold depends mainly on geological formations, market demand, and the cost of production. These factors have a significant impact on the discovery, extraction, and economic viability of gold mining operations worldwide. In 2024, the worldwide production of gold was expected to reach 124 million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

Long term historical dataset of the NASDAQ Composite stock market index since 1971. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today's latest value.

Hong Kong Local Gold Prices data was reported at 11,422.000 HKD/Tael in Nov 2018. This records an increase from the previous number of 11,403.000 HKD/Tael for Oct 2018. Hong Kong Local Gold Prices data is updated monthly, averaging 3,611.000 HKD/Tael from Jan 1981 (Median) to Nov 2018, with 455 observations. The data reached an all-time high of 17,028.000 HKD/Tael in Aug 2011 and a record low of 2,213.000 HKD/Tael in Jun 1982. Hong Kong Local Gold Prices data remains active status in CEIC and is reported by Census and Statistics Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.P003: Gold and Silver Prices.

Thailand Gold Price: GTA: Ornaments 99.99%: Buying Per Gram data was reported at 3,265.000 THB/g in 27 Mar 2025. This records an increase from the previous number of 3,252.000 THB/g for 26 Mar 2025. Thailand Gold Price: GTA: Ornaments 99.99%: Buying Per Gram data is updated daily, averaging 1,453.000 THB/g from Sep 2000 (Median) to 27 Mar 2025, with 7017 observations. The data reached an all-time high of 3,265.000 THB/g in 27 Mar 2025 and a record low of 1,196.000 THB/g in 06 Nov 2014. Thailand Gold Price: GTA: Ornaments 99.99%: Buying Per Gram data remains active status in CEIC and is reported by Gold Traders Association. The data is categorized under World Trend Plus’s Commodity Market – Table TH.P009: Gold Price. [COVID-19-IMPACT]