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.

During the last quarter of 2024, the gold prices in the USA reached 2652 USD/Troy Ounce (H2 2024 Avg Price) in December. As per the gold price chart, due to changing investor attitudes and economic developments, prices in the United States experienced substantial fluctuations in late 2024.

Explore IMARC’s newly published report, titled “Gold Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of gold pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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 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.

Historical dataset of the price of gold in U.S. dollars over the last 10 years.

As of June 25, 2024, gold futures contracts to be settled in June 2030 were trading on U.S. markets at around 2,795 U.S. dollars per troy ounce. This is above the price of 2,339.6 U.S. dollars per troy ounce for contracts to be settled in June 2024, indicating that gold traders expect the price of gold to rise over the next five years. Gold futures are contracts that effectively lock in a price for an amount of gold to be purchased at a time in the future, which can then be traded on markets. Futures markets therefore provide an indicator of how investors think a commodities market will develop in the future.

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.

After three years of decline, the Indian gold market increased by 162% to $X in 2021. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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.

In 2021, the Qatari gold market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption showed a pronounced expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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.

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

During the last quarter of 2024, the silver prices in the USA reached 31.3 USD/toz (H2 2024 Avg Price) in December. As per the silver price chart, prices surged during the latter half of 2024, largely influenced by the Federal Reserve’s interest rate cuts, which diminished the dollar. This shift made silver an attractive investment, particularly as a lower-cost alternative to gold.

Explore IMARC’s newly published report, titled “Silver Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of silver pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

Gold Reserves in Fiji remained unchanged at 0.03 Tonnes in the fourth quarter of 2024 from 0.03 Tonnes in the third quarter of 2024. This dataset provides - Fiji Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2025, the price of platinum is forecast to hover around 1,150 U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to 1,700 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 8,100 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 five 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 23.5 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 1,663 U.S. dollars per ounce, making it the most expensive precious metal in 2023.

According to Cognitive Market Research, the global cyanide for gold mining market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030

An increasing number of businesses are requiring more gold, which has a significant impact on the cyanide for gold mining market dynamics.
Demand for 30 percent sodium cyanide solution remains higher in the cyanide for gold mining market.
The cyanide tank leaching category held the highest cyanide for gold mining market revenue share in 2023.
North American cyanide for gold mining will continue to lead, whereas the Asia Pacific cyanide for gold mining market will experience the most substantial growth until 2030.

Market Dynamics of cyanide for gold mining market

Key Drivers of cyanide for gold mining market

Increasing Gold Demand Across Several Industries to Provide Viable Market Output

The market dynamics of cyanide for gold mining are heavily influenced by the growing demand for gold across a range of industries. In addition to being a valuable metal used in jewelry, gold is also essential to the aerospace, medicinal, and electronics industries. For example, the medical business employs gold in several treatments and gadgets, and the electronics industry depends on it because of its exceptional conductivity and resistance to corrosion. Gold is in more demand as these industries expand, which in turn raises the requirement for effective gold extraction techniques like cyanide-based processes in gold mining. Because it's still the most cost-effective way to extract gold from ore and satisfy a variety of industrial purposes, this ongoing demand drives the market for cyanide for gold mining industry.

Innovations in Substitute Techniques for Extracting Gold to Propel Market Growth

The growth of the gold mining business is facilitated by advancements in alternative gold extraction processes, which offer environmentally sustainable and socially responsible ways. By employing microorganisms to break down ores, technologies like bioleaching lessen the need for dangerous chemicals like cyanide. This responds to environmental issues as well as the growing regulatory scrutiny of mining operations. The increasing knowledge and acceptance of these alternative techniques, which are being fueled by a global trend toward sustainable practices, is another component of the market driving element. Businesses that use safer extraction techniques may be able to obtain a competitive advantage. Additionally, as environmental awareness grows, this change may spur the market for cyanide for gold mining.

Restraint Factors of cyanide for gold mining market

Growing Worries About Safety and the Environment to Restrict Market Growth

The use of cyanide for gold mining raises environmental issues since it can taint water sources and damage aquatic habitats. Ecological harm that persists over time might result from unintentional spills or leaks. Exposure to cyanide, which is poisonous to both humans and wildlife, is a risk factor for safety. It is essential to handle, store, and dispose of materials properly to avoid mishaps and safeguard local populations as well as employees. Additionally, growing regulatory scrutiny and public knowledge of environmental and safety issues may result in market restrictions in the cyanide for gold mining business. Stricter laws may result in increased expenses associated with compliance, which could affect the profitability of businesses that extract gold using cyanide.

Impact of COVID–19 on Cyanide for Gold Mining market

The extraction of gold has been one of the businesses affected by the COVID-19 pandemic. Lockdowns, problems in the supply chain, and unpredictability in the economy have an impact on mining operations and gold prices. Regarding cyanide for gold mining, safety and environmental concerns keep it a contentious practice. Stricter laws and greater public knowledge could change the dynamics of the industry. According to Cognitive Market Research, the global cyanide for gold mining market size is USD XX million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030. In the mining process, cyanide is frequently utilized to extract gold from ore through a procedure known as cyanidation. It unites with gold to generate a stable combination that permits its separation. Since it makes it possible to...

Brent decreased 0.64 USD/BBL or 0.85% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on March of 2025.

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.

The average price of gold in Mumbai stood at approximately 60,623 Indian rupees per ten grams during the financial year 2024, up from 53,000 Indian rupees per ten grams in the previous year. Nevertheless, the price of gold in the Indian city has experienced an overall increase in recent years.