Gold fell to 3,333.04 USD/t.oz on July 2, 2025, down 0.16% from the previous day. Over the past month, Gold's price has fallen 0.61%, but it is still 41.30% higher than a year ago, 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 July of 2025.

Interactive chart of historical data for 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 2024, one troy ounce of gold had an annual average price of ******** U.S. dollars. 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.

As of May 2025, the London (morning fixing) price of an ounce of gold cost an average of ******** U.S. dollars, a slight increase compared to the average monthly morning fixing price of ******** 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 ******** U.S. dollars. It increased to ******** 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 *** U.S. dollars, and by 2012 the price had risen to some ***** U.S. dollars. By 2024, the annual average gold price was nearly ***** dollars per ounce. In that year, global gold demand reached ******* 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). The 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 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.

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.

The price of gold per troy ounce increased considerably between 1990 and 2025, despite some fluctuations. A troy ounce is the international common unit of weight used for precious metals and is approximately **** grams. At the end of 2024, a troy ounce of gold cost ******* U.S. dollars. As of * June 2025, it increased considerably to ******** 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 ***** 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, 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.

France Gold Price: Monthly Average: US Dollar data was reported at 1,214.726 USD/oz in Oct 2018. This records an increase from the previous number of 1,199.197 USD/oz for Sep 2018. France Gold Price: Monthly Average: US Dollar data is updated monthly, averaging 1,239.742 USD/oz from Jul 2014 (Median) to Oct 2018, with 52 observations. The data reached an all-time high of 1,340.167 USD/oz in Aug 2016 and a record low of 1,068.357 USD/oz in Dec 2015. France Gold Price: Monthly Average: US Dollar data remains active status in CEIC and is reported by Bank of France. The data is categorized under Global Database’s France – Table FR.P003: Gold Price.

Gold prices in , May, 2025 For that commodity indicator, we provide data from January 1960 to May 2025. The average value during that period was 596.56 USD per troy ounce with a minimum of 34.94 USD per troy ounce in January 1970 and a maximum of 3309.49 USD per troy ounce in May 2025. | TheGlobalEconomy.com

The average monthly prices for gold increased worldwide between January 2014 and May 2025, although with some fluctuations. In January 2014, the average monthly price for gold worldwide stood at ******** nominal U.S. dollars per troy ounce. Significant jumps in the gold prices were observed, especially in the periods of uncertainty, as the investors tend to see gold as a safe investment option. For instance, the Corona pandemic acted as a shock to the economy, resulting in substantial increases in gold prices in 2020. As of May 2025, gold valued at ******** U.S. dollars per ounce, the highest value reported during this period.

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

Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data was reported at 0.000 USD/oz in Jul 2018. This records a decrease from the previous number of 16.000 USD/oz for Jun 2018. Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data is updated monthly, averaging 6.675 USD/oz from Aug 1999 (Median) to Jul 2018, with 212 observations. The data reached an all-time high of 49.000 USD/oz in Apr 2011 and a record low of 0.000 USD/oz in Jul 2018. Turkey Silver Market: IGE: USD: Last Trade Day: Close Price data remains active status in CEIC and is reported by Borsa Istanbul . The data is categorized under Global Database’s Turkey – Table TR.Z021: Istanbul Gold Exchange: Silver Market.

Silver rose to 37.04 USD/t.oz on July 3, 2025, up 1.30% from the previous day. Over the past month, Silver's price has risen 7.35%, and is up 21.97% compared to the same time last year, 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 July of 2025.

This statistic depicts the average annual prices for gold from 2014 to 2024 with a forecast until 2026. In 2024, the average price for gold stood at 2,388 U.S. dollars per troy ounce, the highest value recorded throughout the period considered. In 2026, the average gold price is expected to increase, reaching 3,200 U.S. dollars per troy ounce.

Turkey Gold Market: IGE: USD: Transaction Amount data was reported at 14,409.092 kg in Jul 2018. This records an increase from the previous number of 12,858.972 kg for Jun 2018. Turkey Gold Market: IGE: USD: Transaction Amount data is updated monthly, averaging 15,743.707 kg from Jul 1995 (Median) to Jul 2018, with 277 observations. The data reached an all-time high of 65,362.000 kg in Jul 2017 and a record low of 440.000 kg in Oct 1995. Turkey Gold Market: IGE: USD: Transaction Amount data remains active status in CEIC and is reported by Borsa Istanbul . The data is categorized under Global Database’s Turkey – Table TR.Z020: Istanbul Gold Exchange: Gold Market.

Between January 1971 and May 2025, gold had average annual returns of **** percent, which was only slightly more than the return of commodities, with an annual average of around eight percent. The annual return of gold was over ** percent in 2024. 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 *** million ounces, and it is anticipated that the rate of growth will increase as exploration technologies improve, gold prices rise, and mining practices improve.

United States US: International Liquidity: Gold data was reported at 11.041 USD bn in 2017. This records an increase from the previous number of 11.041 USD bn for 2016. United States US: International Liquidity: Gold data is updated yearly, averaging 11.068 USD bn from Dec 1950 (Median) to 2017, with 68 observations. The data reached an all-time high of 23.252 USD bn in 1952 and a record low of 10.206 USD bn in 1971. United States US: International Liquidity: Gold data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United States – Table US.IMF.IFS: International Liquidity: Annual.

United States Reserve Assets: Gold Stock Include Exchange Stabilization Fund data was reported at 11.041 USD bn in Oct 2018. This stayed constant from the previous number of 11.041 USD bn for Sep 2018. United States Reserve Assets: Gold Stock Include Exchange Stabilization Fund data is updated monthly, averaging 11.083 USD bn from Jan 1947 (Median) to Oct 2018, with 862 observations. The data reached an all-time high of 24.771 USD bn in Aug 1949 and a record low of 9.662 USD bn in Apr 1972. United States Reserve Assets: Gold Stock Include Exchange Stabilization Fund data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KA007: Reserve Assets.

Ghana Commodity Price: Gold data was reported at 1,281.100 USD/Fine oz in Jun 2018. This records a decrease from the previous number of 1,303.000 USD/Fine oz for May 2018. Ghana Commodity Price: Gold data is updated monthly, averaging 1,182.900 USD/Fine oz from Dec 2003 (Median) to Jun 2018, with 175 observations. The data reached an all-time high of 1,770.130 USD/Fine oz in Aug 2011 and a record low of 384.730 USD/Fine oz in May 2004. Ghana Commodity Price: Gold data remains active status in CEIC and is reported by Bank of Ghana. The data is categorized under Global Database’s Ghana – Table GH.P001: Commodity Price.

Copper rose to 5.06 USD/Lbs on July 2, 2025, up 0.24% from the previous day. Over the past month, Copper's price has risen 4.73%, and is up 11.72% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Copper - values, historical data, forecasts and news - updated on July of 2025.

Key information about US Gold Reserves

• US Gold Reserves was reported at 11.041 USD bn in Jan 2025
• This stayed constant from the previous number of 11.041 USD bn for Dec 2024
• US Gold Reserves data is updated monthly, averaging 11.061 USD bn from Jan 1947 to Jan 2025, with 937 observations
• The data reached an all-time high of 24.771 USD bn in Aug 1949 and a record low of 9.662 USD bn in Apr 1972
• US Gold Reserves data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Gold Reserves: USD: Monthly