Gold rose to 3,349.50 USD/t.oz on August 18, 2025, up 0.40% from the previous day. Over the past month, Gold's price has fallen 1.45%, but it is still 33.78% 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 August 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.

Get the latest insights on price movement and trend analysis of Gold in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

This comprehensive dataset offers a decade's worth of insights into gold price trends, spanning from 2013 to 2023. It meticulously captures the daily opening and closing prices, highs and lows, along with trading volume for each day. Such a wealth of information can be instrumental for those seeking to analyze or visualize market dynamics over this ten-year period. All data was sourced from the authoritative platform: Investing.com Gold Historical Data

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.

Description for Kaggle Project

Title: Gold Price Prediction

Subtitle: Analysis and Forecasting Using Gold Price Data from Kaggle's goldstock.csv

Description This project aims to analyze and forecast gold prices using a comprehensive dataset spanning from January 19, 2014, to January 22, 2024. The dataset, sourced from Kaggle, includes daily gold prices with key financial metrics such as opening and closing prices, trading volume, and the highest and lowest prices recorded each trading day. Through this project, we perform time series analysis, develop predictive models, formulate and backtest trading strategies, and conduct market sentiment and statistical analyses.

Upload an Image - Choose a relevant image such as a graph of gold price trends, a gold bar, or an illustrative image related to financial data analysis.

Datasets - Source: Kaggle - File: goldstock.csv

Context, Sources, and Inspiration -Context: Understanding the dynamics of gold prices is crucial for investors and financial analysts. This project provides insights into historical price trends and equips users with tools to predict future prices. - Sources: The dataset is sourced from Kaggle and contains historical gold price data obtained from Nasdaq. Inspiration: The inspiration behind this project is to enable researchers, analysts, and data enthusiasts to make informed decisions, develop trading strategies, and contribute to a broader understanding of market behavior.

Gold prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 603.55 USD per troy ounce with a minimum of 34.94 USD per troy ounce in January 1970 and a maximum of 3352.66 USD per troy ounce in June 2025. | TheGlobalEconomy.com

The size of the Gold Market was valued at USD 3.2 Trillion in 2023 and is projected to reach USD 4.5 Trillion by 2032, with an expected CAGR of 7.38% during the forecast period. It is one of the crucial financial assets with a liquid market, intrinsic value, and diversified uses in jewelry, electronics, and for investment purposes. Gold includes both the physical bullion and ETF markets. Mining and refining technological innovations enhance efficiency and sustainability.Gold provides economic stability and security of investments since it is durable, widely accepted, and one that diversifies portfolios. Hence, gold holds a very significant place both in consumer markets and financial systems through its support for industries ranging from luxury goods to technology. Recent developments include: March 2023: Pan American Silver Corporation acquired all the issued and outstanding common shares of Yamana Gold Inc., as part of the arrangement, which includes its mines and increased the geographical operations of the company in Latin America., February 2023: Barrick Gold, the world's second-biggest gold producer, announced a 10% increase in attributable proved and probable gold mineral reserves to 76 million ounces net of depletion in 2022 while maintaining current reserves.. Key drivers for this market are: Demand for Gold in the form of Jewelry and Long-term Savings, Increasing Consumption in High-End Electronics Applications; Other Drivers. Potential restraints include: Declining Ore Grades and Other Technical Challenges, Other Restraints. Notable trends are: Jewelry Segment to Dominate the Demand.

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.

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

Gold Bullion Market Outlook

According to our latest research, the global gold bullion market size reached USD 248.5 billion in 2024, and it is expected to grow at a CAGR of 4.7% during the forecast period, reaching approximately USD 373.4 billion by 2033. This healthy growth trajectory is primarily attributed to the increasing demand for safe-haven assets amid global economic uncertainties, rising geopolitical tensions, and a persistent appetite for portfolio diversification among both institutional and individual investors. The gold bullion market continues to benefit from its reputation as a reliable store of value, particularly during periods of inflation and currency depreciation, as per our comprehensive market analysis for 2025.

One of the most significant growth factors for the gold bullion market is the heightened volatility and uncertainty in global financial markets. Investors, both retail and institutional, are increasingly turning towards gold bullion as a hedge against inflation, currency fluctuations, and geopolitical risks. The persistent low-interest-rate environment, coupled with concerns over sovereign debt and fiscal imbalances in major economies, has further fueled the demand for physical gold. Central banks, especially in emerging markets, have been augmenting their gold reserves to diversify away from the US dollar and other fiat currencies, providing a strong and sustained impetus to the gold bullion market.

Another key driver propelling the gold bullion market is the growing accessibility and innovation in distribution channels. The proliferation of online platforms and digital gold investment products has democratized access to gold bullion, enabling a broader base of individual investors to participate in the market. This trend is further amplified by the introduction of fractional gold ownership, secure storage solutions, and transparent pricing mechanisms, which have collectively enhanced investor confidence and convenience. Additionally, the rise of gold-backed exchange-traded funds (ETFs) and other financial instruments has expanded the avenues for gold investment, reinforcing the market’s growth momentum.

Sustainability and ethical sourcing concerns are also shaping the gold bullion market landscape. Increasing awareness about responsible mining practices and the environmental and social impact of gold extraction has led to the emergence of certified, conflict-free bullion products. Regulatory initiatives and industry-led standards, such as the London Bullion Market Association (LBMA) Responsible Gold Guidance, are driving transparency and traceability across the supply chain. These developments are not only addressing investor concerns but also attracting a new segment of environmentally and socially conscious buyers, further supporting market expansion.

From a regional perspective, the Asia Pacific region remains the dominant force in the gold bullion market, driven by robust demand in countries like China and India, where gold holds deep cultural and economic significance. North America and Europe also represent substantial market shares, supported by strong institutional investment and central bank activity. Meanwhile, the Middle East & Africa and Latin America are emerging as important markets, buoyed by rising wealth levels, favorable regulatory environments, and increasing financial inclusion. The regional diversity in demand drivers underscores the global appeal and resilience of the gold bullion market.

Product Type Analysis

The gold bullion market is segmented by product type into bars, coins, rounds, and others, each catering to distinct investor preferences and use cases. Gold bars, often regarded as the standard investment vehicle for institutional buyers and high-net-worth individuals, account for the largest share of the market. Their appeal lies in their high purity, lower premiums over spot prices, and ease of storage and transport, making them the preferred choice for those seeking to make substantial investments in physical

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.

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.

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...

The Gold Market Report is Segmented by Source (Primary Mining and Recycled Gold), Type (Alloyed Gold and Layered Gold), Application (Jewellery, Electronics, Awards and Status Symbols, and Other Applications (Dental, Aerospace, Etc. )), and Geography (Production and Consumption Analysis Across Major Regions). The Market Forecasts are Provided in Terms of Volume (tons).

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.

The average gold price increased by 1.7% to $1800 per troy ounce in 2021. This year, it was forecast to ease, but rising political uncertainty may reverse the forecast.

Gold Target Market Outlook

The global gold target market size was valued at approximately USD 2.5 trillion in 2023 and is projected to reach around USD 3.7 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.3% during the forecast period. This steady growth is driven by various factors including increasing geopolitical uncertainties, inflation hedging characteristics of gold, and rising demand across different applications. The intrinsic value and limited supply of gold continue to make it a safe haven investment in times of economic volatility, further solidifying its role in diverse portfolios worldwide.

One of the significant growth factors driving the gold target market is the persistent demand for gold as a hedge against inflation and currency devaluation. In the face of fluctuating global economies and the ongoing volatility in currency markets, investors often turn to gold as a means to preserve wealth. The metalÂ’s ability to maintain its value over time makes it an attractive asset, especially in regions experiencing high inflation rates. Moreover, central banks continue to increase their gold reserves as part of their monetary policy strategies, thereby fueling demand in this market segment.

Another crucial factor contributing to the growth of the gold market is the expanding middle class and rising disposable incomes, particularly in developing economies. As incomes rise, so does the demand for luxury items, including gold jewelry. Countries like India and China, which have deep-rooted cultural affinities with gold, are witnessing significant increases in gold consumption for both investment and ornamental purposes. This cultural significance, combined with economic growth, has positioned the Asia Pacific region as a major consumer of gold, bolstering the market's global expansion.

Technological advancements and innovations in gold mining and refining processes are also propelling market growth. Modern techniques and equipment have improved the efficiency of gold extraction and processing, reducing costs and increasing output. Additionally, the development of new financial products like gold-backed exchange-traded funds (ETFs) has made gold investments more accessible to a broader range of investors. The convenience and flexibility of these products have attracted both retail and institutional investors, further driving market demand.

The emergence of Edible Gold Beverage is an intriguing development in the gold market, blending luxury with culinary innovation. This unique product taps into the growing trend of gourmet experiences, where consumers seek novel and opulent ways to indulge. Edible gold, known for its non-toxic and inert properties, is increasingly being used to enhance beverages, offering a visually stunning and luxurious appeal. This trend is particularly popular in high-end restaurants and events, where presentation and exclusivity are paramount. The incorporation of gold into beverages not only elevates the sensory experience but also aligns with the cultural significance of gold as a symbol of wealth and celebration. As consumer preferences evolve towards unique and extravagant experiences, the Edible Gold Beverage market is poised for growth, attracting both connoisseurs and curious consumers alike.

Regionally, Asia Pacific dominates the gold target market, accounting for a significant share due to its large population, cultural affinity for gold, and increasing economic power. North America and Europe follow with substantial market contributions, driven by investment demand and industrial applications. The Middle East, with its strong cultural and economic ties to gold, also presents a lucrative market, while Latin America is emerging as a notable player due to its rich natural gold reserves and growing investments in mining infrastructure.

Product Type Analysis

The segmentation of the gold market by product type includes bullion, coins, jewelry, and exchange-traded funds (ETFs). Gold bullion, comprising bars and ingots, represents a significant portion of the market due to its traditional use as a store of value and its appeal to both retail and institutional investors. As a tangible asset, bullion is favored for its purity and weight, often considered the most direct way to hold gold. The demand for bullion remains robust amidst economic uncertainties, with investors seeking security against market fluctuations and geopolitical tensions.

Coins are

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Gold Price Prediction in INR (2004-2024)🇮🇳 - Can You Forecast the Future? ✨

Data Description:

1. Time Period: October 2004 - December 2024 (20 years) - Long-term Trend Analysis!
2. Frequency: Monthly Average Gold Price (INR) - Uncover Seasonality!
3. Source: Financial Service Website (verified) ✅ - Reliable Data for Accurate Predictions!

Potential Applications:

• Time Series Analysis: Analyze trends and seasonality in gold prices. - Unravel the Gold Market Mystery! ️‍♀️
• Gold Price Prediction: Forecast future gold prices using ARIMA, SARIMA, fbProphet, etc. - Predict the Next Big Move!

Key Points:

• Long-Term Trend: Explore the evolution of gold prices over two decades. - See How Gold Has Changed Over Time! ⏳
• Prediction Models: Evaluate the effectiveness of different time series forecasting models. - Find the Best Tool for the Job!
• INR Focus: Gain insights specific to the Indian gold market. 🇮🇳 - Understand the Indian Gold Market Landscape! ️

⚠️ Note:

• Past performance does not guarantee future results.

Bonus:

This dataset allows you to explore the fascinating world of gold price prediction in the Indian market. Challenge yourself! Can you develop a model that outperforms the rest?

According to Cognitive Market Research, the Global Gold Bullion Market size will be USD 53154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 12.60% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 21261.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4%from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 15946.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 12225.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2657.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.6%from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1063.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
The gold bars category is the fastest growing segment of the Gold Bullion industry

Market Dynamics of Gold Bullion Market

Key Drivers for Gold Bullion Market

Growing Interest In Safe-Haven Investments To Boost Market Growth

Concerns about inflation, geopolitical unrest, and economic instability are the main causes of the increased interest in safe-haven investments in the gold bullion market. Gold is seen as a trustworthy store of value by investors who are looking for stability during market turbulence. This tendency is further supported by central banks' growing gold reserves, which demonstrate their faith in gold as a hedge against exchange rate swings. Furthermore, it has become more accessible and appealing to a wider spectrum of investors due to the growth of digital gold and gold-backed investment products. This change emphasizes gold's continued allure as a hedge against volatile financial markets. For Instance, Agnico Eagle Mines Limited ("Agnico Eagle" or the "Company") and Kirkland Lake Gold Ltd. ("Kirkland Lake Gold") announced that they have entered into an agreement (the "Merger Agreement") to merge in a merger of equals (the "Merger"), with the combined company to continue under the name "Agnico Eagle Mines Limited" (the "Merger"). The merger will establish the new Agnico Eagle as the gold industry's highest-quality senior producer, with the lowest unit costs, largest profits, most favorable risk profile, and industry-leading best practices in key environmental, social, and governance ("ESG") categories.

Growing Demand In Emerging Markets For Gold To Drive Market Growth

An expanding middle class, rising wealth, and rising disposable incomes are driving the increased demand for gold in emerging nations. The consumption of jewellery and investments in gold bullion is rising significantly in nations with strong cultural ties to gold, such as China and India. Furthermore, these markets see gold as a safe-haven asset due to inflation worries and economic uncertainty. Participation in the gold market is further improved by the growth of financial literacy and the availability of gold investment products like ETFs and internet platforms. This pattern emphasizes how significant gold is in emerging economies as a representation of security and riches.

Restraint Factor for the Gold Bullion Market

Expenses for security and storage

Investors are quite concerned about the rising costs of storage and security in the gold bullion market. The price of securely storing and safeguarding actual gold rises in tandem with the demand for it. To protect their funds from loss or theft, investors need to account for costs associated with safe deposit boxes, insurance, and monitoring services. Regulations may also call for more stringent security measures, which would raise expenses even further. Potential investors may be put off by these costs, especially those with tighter budgets. They may instead choose alternative investment vehicles such as gold exchange-traded funds (ETFs), which don't need to be physically stored.

Limited Liquidity in Large Transactions

While gold is generally considered a liquid ...