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.

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.

Gold Prices - Historical chart and current data through 2025.

Monthly price from 1988 to 2019.

Dataset

This dataset was created by Tamsanqa Lowan

Released under CC0: Public Domain

Contents

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

Spot Gold Prices data, recent 36 years (traceable to Jan 02,1990), the unit is USD/oz.t, latest value is 4065.39, updated at Nov 21,2025

Indonesia Retail Price: Gold: 24 Carat data was reported at 539,218.000 IDR in Nov 2017. This records a decrease from the previous number of 539,520.000 IDR for Oct 2017. Indonesia Retail Price: Gold: 24 Carat data is updated monthly, averaging 85,000.000 IDR from May 1987 (Median) to Nov 2017, with 367 observations. The data reached an all-time high of 560,000.000 IDR in Aug 2016 and a record low of 21,350.000 IDR in Jun 1990. Indonesia Retail Price: Gold: 24 Carat data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Indonesia – Table ID.PC001: Retail Price: By Major Commodities.

Bullion Price: Monthly Average: Mumbai: Gold: Standard data was reported at 109,591.000 INR/10 g in Sep 2025. This records an increase from the previous number of 99,696.000 INR/10 g for Aug 2025. Bullion Price: Monthly Average: Mumbai: Gold: Standard data is updated monthly, averaging 10,311.000 INR/10 g from Apr 1990 (Median) to Sep 2025, with 426 observations. The data reached an all-time high of 109,591.000 INR/10 g in Sep 2025 and a record low of 3,285.000 INR/10 g in Jul 1990. Bullion Price: Monthly Average: Mumbai: Gold: Standard data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under Global Database’s India – Table IN.PH: Memo Items: Bullion Price.

The yearly average price of gold in London (UK) increased dramatically between 1990 to 2024, though with fluctuations. The price for one ounce of fine gold peaked at an average cost of approximately ***** euros in 2024.

Spot Gold Prices data, recent 36 years (traceable to Jan 02,1990), the unit is JPY/oz.t, latest value is 608511, updated at Nov 06,2025

Context

02 Apr 1990 - 9 Sept 2024

Historically, precious metals were important as currency but are now regarded mainly as investment and industrial commodities. Gold, silver, platinum, and palladium each have an ISO 4217 currency code.
The "London Fix" is issued by the London Bullion Market Association (LBMA). It is the way that global daily prices are set for precious metals including gold, silver, platinum and palladium.

Content

Dataset contains daily London Fix Prices starting from 2 April 1990.

The gold price is set twice daily (at 10:30 and 15:00 London BST) in US dollars.
The silver price is set daily at 12:00 (London BST time) in US dollars.
The platinum and palladium prices are set twice daily at 09:45 and 14:00 (London BST) in US dollars per .9995 fine ounces.

All prices are in USD per troy ounce (oz t) of precious metal.

Acknowledgements

Data was downloaded from Kitco and already cleaned by me.

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.

Context

The database contains historic gold prices of 18 different countries in their respective currencies

Content

Monthly gold prices of 18 different countries starting from January 1979. Expected to be updated quarterly. Attribute Information:

1. Date - Date of Observation 
2. United States(USD)
3. Europe(EUR)
4. Japan(JPY)
5. United Kingdom(GBP)
6. Canada(CAD)
7. Switzerland(CHF)
8. India(INR)
9. China(CNY)
10. Turkey(TRY)
11. Saudi Arabia(SAR)
12. Indonesia(IDR)
13. United Arab Emirates(AED)
14. Thailand(THB)
15. Vietnam(VND)
16. Egypt(EGP)
17. South Korean(KRW)
18. Australia(AUD)
19. South Africa(ZAR)

Acknowledgements

https://www.gold.org/goldhub/data/gold-prices

View market daily updates and historical trends for Gold Price in United Arab Emirates Dirham (DISCONTINUED). Source: Gold Council. Track economic data wi…

Australia Export Price Index: SITC: Commodities & Transactions nec: Gold, Non Monetary Excluding Gold Ores & Concentrates data was reported at 333.300 1989-1990=100 in Jun 2012. This records a decrease from the previous number of 339.200 1989-1990=100 for Mar 2012. Australia Export Price Index: SITC: Commodities & Transactions nec: Gold, Non Monetary Excluding Gold Ores & Concentrates data is updated quarterly, averaging 98.150 1989-1990=100 from Sep 1974 (Median) to Jun 2012, with 152 observations. The data reached an all-time high of 353.000 1989-1990=100 in Dec 2011 and a record low of 17.900 1989-1990=100 in Sep 1976. Australia Export Price Index: SITC: Commodities & Transactions nec: Gold, Non Monetary Excluding Gold Ores & Concentrates data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.I059: Export Price Index: SITC: 1989-90=100.

London Gold Fixing (AM), recent 36 years (traceable to Jan 01,1990), the unit is USD/oz.t, latest value is 4058.28, updated at Oct 31,2025

Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.

Key information about Saudi Arabia Gold Production

• Saudi Arabia Gold Production was reported at 5,000.000 kg in Dec 2016.
• This records a decrease from the previous figure of 5,078.000 kg for Dec 2015.
• Saudi Arabia Gold Production data is updated yearly, averaging 0.000 kg from Dec 1990 to 2016, with 27 observations.
• Saudi Arabia Gold Production data remains active status in CEIC and is reported by U.S. Geological Survey. The data is categorized under World Trend Plus’s Association: Metal and Mining Sector – Table WB.USGS.GOLD: Precious Metals: Gold: Production by Country or Locality.

France RMPI: Spot: LME: Gold data was reported at 298.400 Jan2010=100 in Mar 2025. This records a decrease from the previous number of 300.500 Jan2010=100 for Feb 2025. France RMPI: Spot: LME: Gold data is updated monthly, averaging 55.400 Jan2010=100 from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 300.500 Jan2010=100 in Feb 2025 and a record low of 26.200 Jan2010=100 in Aug 1999. France RMPI: Spot: LME: Gold data remains active status in CEIC and is reported by National Institute of Statistics and Economic Studies. The data is categorized under Global Database’s France – Table FR.I046: Raw Materials Price Index: January 2010=100. [COVID-19-IMPACT]