Gold rose to 3,320.86 USD/t.oz on July 1, 2025, up 0.53% from the previous day. Over the past month, Gold's price has fallen 1.80%, but it is still 42.51% 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.

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.

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.

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.

Monthly gold prices in USD since 1833 (sourced from the World Gold Council). The data is derived from historical records compiled by Timothy Green and supplemented by data provided by the World Bank...

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

This chart tracks the price of gold in U.S. dollars over the last 10 years.

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.

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.

Laos LA: International Liquidity: Gold at Market Price data was reported at 26.144 XDR mn in Jan 2018. This records an increase from the previous number of 25.784 XDR mn for Dec 2017. Laos LA: International Liquidity: Gold at Market Price data is updated monthly, averaging 17.253 XDR mn from Jan 1989 (Median) to Jan 2018, with 349 observations. The data reached an all-time high of 328.702 XDR mn in Sep 2012 and a record low of 3.189 XDR mn in Aug 1999. Laos LA: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Laos – Table LA.IMF.IFS: International Liquidity.

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.

In 2021, the global gold market decreased by -7.3% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2020, and then shrank in the following year.

Ireland IE: International Liquidity: Gold at Market Price data was reported at 171.578 XDR mn in Jun 2018. This records a decrease from the previous number of 175.741 XDR mn for Mar 2018. Ireland IE: International Liquidity: Gold at Market Price data is updated quarterly, averaging 77.560 XDR mn from Dec 1950 (Median) to Jun 2018, with 253 observations. The data reached an all-time high of 222.261 XDR mn in Sep 2012 and a record low of 16.859 XDR mn in Dec 1950. Ireland IE: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Ireland – Table IE.IMF.IFS: International Liquidity: Quarterly.

Ghana GH: International Liquidity: Gold at Market Price data was reported at 249.810 XDR mn in Jun 2018. This records a decrease from the previous number of 255.871 XDR mn for Mar 2018. Ghana GH: International Liquidity: Gold at Market Price data is updated quarterly, averaging 67.707 XDR mn from Dec 1950 (Median) to Jun 2018, with 238 observations. The data reached an all-time high of 323.602 XDR mn in Sep 2012 and a record low of 0.000 XDR mn in Dec 1956. Ghana GH: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Ghana – Table GH.IMF.IFS: International Liquidity: Quarterly.

China Price: Shanghai Gold Exchange: International Au 99.99 data was reported at 753.730 RMB/g in 12 May 2025. This records a decrease from the previous number of 773.780 RMB/g for 09 May 2025. China Price: Shanghai Gold Exchange: International Au 99.99 data is updated daily, averaging 344.685 RMB/g from Sep 2014 (Median) to 12 May 2025, with 2494 observations. The data reached an all-time high of 815.710 RMB/g in 22 Apr 2025 and a record low of 201.460 RMB/g in 30 Jul 2015. China Price: Shanghai Gold Exchange: International Au 99.99 data remains active status in CEIC and is reported by Shanghai Gold Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZB: Shanghai Gold Exchange: Price: Daily.

Sri Lanka LK: International Liquidity: Gold at Market Price data was reported at 589.920 XDR mn in May 2018. This records an increase from the previous number of 583.224 XDR mn for Apr 2018. Sri Lanka LK: International Liquidity: Gold at Market Price data is updated monthly, averaging 33.722 XDR mn from Dec 1977 (Median) to May 2018, with 486 observations. The data reached an all-time high of 693.956 XDR mn in Jul 2016 and a record low of 0.000 XDR mn in Dec 1977. Sri Lanka LK: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sri Lanka – Table LK.IMF.IFS: International Liquidity.

Gold is the most popular precious metal in the investment industry. The rate of return for gold investments fluctuated significantly during the period from 2002 to 2024 but generated positive returns in most years of the observed period. The return of gold as an investment reached almost ** percent in 2024, one of the highest recorded. Why is gold valuable? Gold is a precious metal with several practical uses, particularly in technology. For example, NASA uses gold to improve its lasers and protect sensitive things in space, including a part of the visor for its astronauts. However, a large share of the demand for gold worldwide is as an investment, particularly by central banks. Gold serves the purpose of an alternative to currency because it is relatively scarce but still has enough mine production to serve the financial sector. Gold as an investment Under the Bretton Woods agreement after World War II, the world’s major currencies were tied to the value of gold. This system, called the Gold Standard, ended in 1971. Still, most countries maintain significant gold reserves. Due to this history and the overall faith in the value of gold, the average gold price tends to increase in times of recession, making it an attractive investment in uncertain times.

Sri Lanka LK: International Liquidity: Total Reserves: Including Gold at Market Price data was reported at 8.811 USD bn in May 2018. This records a decrease from the previous number of 9.933 USD bn for Apr 2018. Sri Lanka LK: International Liquidity: Total Reserves: Including Gold at Market Price data is updated monthly, averaging 431.545 USD mn from Dec 1950 (Median) to May 2018, with 744 observations. The data reached an all-time high of 9.933 USD bn in Apr 2018 and a record low of 38.000 USD mn in Oct 1969. Sri Lanka LK: International Liquidity: Total Reserves: Including Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sri Lanka – Table LK.IMF.IFS: International Liquidity.

Germany DE: International Liquidity: Gold at Market Price data was reported at 92,188.917 XDR mn in Sep 2018. This records a decrease from the previous number of 96,319.239 XDR mn for Jun 2018. Germany DE: International Liquidity: Gold at Market Price data is updated quarterly, averaging 24,558.149 XDR mn from Dec 1950 (Median) to Sep 2018, with 254 observations. The data reached an all-time high of 125,721.163 XDR mn in Sep 2012 and a record low of 0.000 XDR mn in Dec 1950. Germany DE: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Germany – Table DE.IMF.IFS: International Liquidity: Quarterly.

Jordan JO: International Liquidity: Gold at Market Price data was reported at 1,089.454 XDR mn in Sep 2017. This records a decrease from the previous number of 1,160.658 XDR mn for Jun 2017. Jordan JO: International Liquidity: Gold at Market Price data is updated quarterly, averaging 172.034 XDR mn from Dec 1950 (Median) to Sep 2017, with 246 observations. The data reached an all-time high of 1,192.693 XDR mn in Mar 2017 and a record low of 0.000 XDR mn in Dec 1964. Jordan JO: International Liquidity: Gold at Market Price data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Jordan – Table JO.IMF.IFS: International Liquidity: Quarterly.