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.

Gold fell to 4,127.71 USD/t.oz on October 21, 2025, down 5.28% from the previous day. Over the past month, Gold's price has risen 10.15%, and is up 50.29% compared to the same time last year, 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 October of 2025.

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.

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.

Gold prices in , September, 2025 For that commodity indicator, we provide data from January 1960 to September 2025. The average value during that period was 610.94 USD per troy ounce with a minimum of 34.94 USD per troy ounce in January 1970 and a maximum of 3667.68 USD per troy ounce in September 2025. | TheGlobalEconomy.com

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.

The Ghanian gold market skyrocketed to $X in 2021, increasing by 20% against the previous year. Overall, consumption, however, recorded a precipitous contraction. Gold consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Silver fell to 48.28 USD/t.oz on October 21, 2025, down 7.74% from the previous day. Over the past month, Silver's price has risen 9.57%, and is up 39.03% 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 October of 2025.

In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** U.S. dollars. Precious metals Precious metals are counted among the most valuable commodities worldwide. The most well known such metals are gold, silver and the platinum group metals. A precious metal can be used as an industrial commodity or as an investment. The major areas of application include the following sectors: technology, car-making, industrial manufacturing and jewelry making. Furthermore, gold and silver are used as coinage metals, and gold reserves are held by the central banks of many countries worldwide in order to store value or for use as a redemption medium. The idea behind this procedure is that gold reserves will help secure and stabilize the countries’ respective currencies. At ***** tons, the United States is the country with the most extensive stock of gold. It is kept in an underground vault at the New York Federal Reserve Bank. Russia, the United States, Canada, South Africa and China are the main producers of precious metals. Silver is the most abundant of the metals, followed by gold and palladium. Barrick Gold is the world’s largest gold mining company. The Toronto-based firm produced some **** million ounces of gold in 2020. The leading silver producers include Mexico-based Fresnillo, Poland’s KGHM Polska Miedž and the mining giant Glencore. Anglo Platinum and Impala are the key mining companies to produce platinum group metals. In 2023, Silver prices are expected to settle at around **** U.S. dollars per troy ounce. It is expected to remain the precious metal with the lowest value per ounce. The price of gold is forecast to drop to around ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Gold Price in Nigeria - 2022. Find the latest marketing data on the IndexBox platform.

The price of one gram of 24 karat gold in **************** was the highest at ****** Indian rupees as of July 2025 in India. Vadodara and Ahmedabad followed with a gold price of ****** Indian rupees for the same period.

Rhodium fell to 7,700 USD/t oz. on October 22, 2025, down 1.91% from the previous day. Over the past month, Rhodium's price has risen 8.07%, and is up 62.11% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Rhodium - values, historical data, forecasts and news - updated on October of 2025.

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

After four years of growth, the Nigerien gold market decreased by -31.3% to $X in 2021. Overall, consumption, however, saw significant growth. Over the period under review, the market attained the peak level at $X in 2020, and then declined significantly in the following year.

The dataset contains year- and month-wise compiled data on the average prices of Gold (Standard) and Silver at Mumbai in India

Note: Standard Gold means Gold having fineness 995 parts per thousand (%) and above

Charts displaying gold price per gram (AED) in Dubai for 22 and 24 Carat gold. Includes price comparison for March 17, 2025 vs. 2-month forecast, and 14-day price fluctuation trends leading up to March 17, 2025.

Lithium rose to 74,350 CNY/T on October 22, 2025, up 0.34% from the previous day. Over the past month, Lithium's price has risen 0.68%, and is up 3.99% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on October of 2025.

The South African gold market shrank to $X in 2021, which is down by -6.5% against the previous year. In general, consumption, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 7.4%. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

A line chart illustrating the forecasted retail price per gram (AED) for 22 and 24 Carat gold in Dubai for the next 2 weeks, 2 months, and 6 months, based on data reference date March 17, 2025.

Cobalt traded flat at 42,725 USD/T on October 16, 2025. Over the past month, Cobalt's price has risen 28.17%, and is up 75.82% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cobalt - values, historical data, forecasts and news - updated on October of 2025.