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.
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.
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.
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The latest closing stock price for Barrick Gold as of May 23, 2025 is 19.07. An investor who bought $1,000 worth of Barrick Gold stock at the IPO in 1985 would have $45,592 today, roughly 46 times their original investment - a 10.08% compound annual growth rate over 40 years. The all-time high Barrick Gold stock closing price was 43.23 on April 21, 2011. The Barrick Gold 52-week high stock price is 21.35, which is 12% above the current share price. The Barrick Gold 52-week low stock price is 15.11, which is 20.8% below the current share price. The average Barrick Gold stock price for the last 52 weeks is 18.24. For more information on how our historical price data is adjusted see the Stock Price Adjustment Guide.
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Iron Ore fell to 96.71 USD/T on July 11, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.31%, but it is still 11.74% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.
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Dataset of historical annual silver prices from 1970 to 2022, including significant events and acts that impacted silver prices.
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Rhodium traded flat at 5,700 USD/t oz. on July 11, 2025. Over the past month, Rhodium's price has risen 3.64%, and is up 23.91% 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 July of 2025.
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Cobalt traded flat at 33,335 USD/T on July 10, 2025. Over the past month, Cobalt's price has remained flat, but it is still 22.78% higher than a year ago, 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 July of 2025.
Central banks worldwide bought a record ****** tonnes of gold in the third quarter of 2022, as they looked for safe investment havens. Gold prices were relatively low during the end of 2022, making it easy for central banks to stock up gold reserves. Demand remained high in the first quarter of 2025, however. The United States, Germany, and Italy made up the top three of countries with the highest gold reserves in the world.
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Interactive chart of historical daily palladium prices back to 1987. The price shown is in U.S. Dollars per troy ounce.
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Interactive chart of historical daily platinum prices back to 1985. The price shown is in U.S. Dollars per troy ounce.
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Key information about India Gold Production
As of 31 May 2025, MSCI U.S. had an average **-year return rate of ***** percent, whereas gold had a return rate of ***** percent. Gold mining overview In light of recent technological advancements shaping the gold mining market, global gold production has been rather stable in the last few years, hovering around ***** metric tons since 2020. Among nations, Australia holds the highest gold production, surpassing countries with the highest mine gold reserves. Gold as a financial security Known for its ability to provide diversification to investment portfolios, gold has exhibited a positive trend in its Gold’s return rate was particularly high in the early 2000s, and, despite experiencing a decline during the pandemic, it demonstrated a remarkable recovery since. Furthermore, gold serves as a valuable asset for a nation's economic stability, with the United States holding the highest amount of
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Key information about India Gold Reserves
In 2022, Alaska produced approximately 22,200 kilograms of gold from mines, while Nevada produced some 125,000 kilograms. The total mine production of gold in the United States reached approximately 173,000 kilograms that year.
Gold mining in the United States
Gold production in the United States has seen a considerable amount of fluctuation in recent years. An estimated 170 metric tons of gold was produced in U.S. mines in 2022. The U.S. production value of gold amounted to nearly 11 billion U.S. dollars in 2021. The Cortez Operations mine located in Nevada was the leading gold mine in the U.S. based on production as of 2021, with an output of nearly 27 metric tons of gold.
U.S. gold consumption
Gold is a relatively rare metal that has been used for coinage, jewelry, and other applications throughout recorded human history. The total global demand for gold amounted to over 4,700 metric tons in 2022. Meanwhile, the reported consumption of gold in the United States alone amounted to an estimated 250 metric tons that year. Gold imported to the U.S. for consumption amounted to some 140 metric tons that same year.
In 2024, worldwide gold production stood at ***** metric tons. Gold is a transition metal known for its bright, lustrous yellow coloring. For industrial purposes, its malleability, ductility, and resistance to corrosion and many chemical reactions makes it ideal for applications such as electrical connectors, infrared shielding, and gold leafing. Key facts about the gold mining industry The global mine production of gold has steadily increased following the 2008 economic crisis. In 2010, gold mine production worldwide totaled ***** metric tons, and it has surpassed ***** metric tons in each year since 2015. China is currently leading the global gold mining countries, with an estimated *** metric tons produced in 2024, while Russia came in a close second, producing about *** metric tons in the same year. As of 2023, the world's most productive gold mine was the Muruntau mine complex, located in Uzbekistan. Gold can be mined through several processes, including placer mining, panning, sluicing, and dredging. Panning is a manual technique that uses a shallow pan filled with sand and gravel, that may also contain gold, to sort through the material. The precious metal can also be produced as a byproduct, often with copper mining. Gold's end uses Gold is also highly valued as a precious metal for use in coins, investments, and jewelry. In 2024, gold's primary use worldwide was jewelry production.
The demand for gold across India was about *** metric tons in 2024. This represented an increase of five percent in comparison to the previous year, when the gold demand was *** metric tons. Gold supply Gold demand in India is principally met through imports. India is one of the leading countries for gold imports. In financial year 2022, the value of India’s gold imports was estimated at over *** trillion Indian rupees. The import of gold was a major cause for the country’s trade deficit. To curb imports, the Modi government changed India’s gold import policy. This was done by introducing a higher import duty and allowing import only via nominated agencies which were notified by the Reserve Bank of India and the Directorate General of Foreign Trade. The country produces a minimal amount of its gold needs through local mining. The volume of gold mined in India has remained below * metric tons since financial year 2013, while a small amount is also generated by the recycling the precious metal. Reasons to purchase gold Gold purchases are considered an important source of investment. Weddings and festivals across the country lead to major gold sales. Around ** percent of annual sales come from Deepavali, the Hindu festival of lights. The precious metal is considered auspicious and is worn on important occasions and ceremonies in India, mainly in the form of jewelry. Since 2010, more than *** metric tons of gold jewelry are consumed in the country every year.
Gold exports from Peru amounted to approximately ***** billion U.S. dollars in 2024, the highest value during the period considered. India was the leading country of destination for Peruvian gold exports that year, accounting for some ** percent of the export value.
China's gold mine production amounted to an estimated 370 metric tons in 2023. Chinese gold production peaked at 453.5 metric tons in 2016, and has been declining each year since then.
China is the world's largest gold mining country based on production volume.
In 2022, obver *** billion U.S. dollars worth of gold were exported from Ghana, increasing from the previous year when some *** billion U.S. dollars of the mineral were exported. The country's international trade in gold generally increased over the reviewed period. Ghana is one of the leading producers of gold in Africa.
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.