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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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Gold Nanorods Market Size 2024-2028

The gold nanorods market size is forecast to increase by USD 218.1 million at a CAGR of 9.3% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand from the medical industry for cancer treatment applications. The trend toward advanced drug delivery is also driving market expansion. Gold nanorods' unique properties, such as their ability to absorb and scatter light, make them an ideal choice for various therapeutic and diagnostic applications. 
Furthermore, the use of gold nanorods in bioimaging and photothermal therapy is gaining popularity. However, the market growth is influenced by the fluctuations in gold prices, which can impact the affordability and profitability of gold nanorods. Despite this challenge, the market is expected to continue its upward trajectory due to the numerous benefits offered by gold nanorods in various industries, including healthcare, electronics manufacturing, and energy.

What will be the Size of the Gold Nanorods Market During the Forecast Period?

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The market encompasses the production and application of nanoscale gold particles In the form of rods, exhibiting unique optical and electronic properties. These nanorods find extensive use in various sectors, including healthcare, electronics, and energy, due to their exceptional physical and chemical properties. In healthcare, gold nanorods are utilized for biomedical applications such as targeted drug delivery, photodynamic therapy, biosensing, medical diagnostics, and imaging. Their high reactive surface area and tunable electron structure offer significant advantages In these areas. 
In electronics, gold nanorods contribute to the development of advanced technologies like electronic chips, printable inks, transistors, and semiconductors. Additionally, they exhibit anti-oxidant properties and can function as radiation enhancers, making them valuable in various diagnostic and therapeutic applications.
Gold nanorods' versatility and potential for innovation continue to drive growth in this market.

How is this Gold Nanorods Industry segmented and which is the largest segment?

The gold nanorods industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Medical
  Diagnostics
  Electronics
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK


  APAC

    China


  Middle East and Africa



  South America

By Application Insights

The medical segment is estimated to witness significant growth during the forecast period.

Gold nanorods, a type of nanotechnology, have gained significant attention due to their unique optical and electronic properties. In the healthcare sector, they have been extensively used for various applications, including targeted drug delivery, photodynamic therapy, biosensing, and imaging. Gold nanorods' biocompatibility and non-cytotoxicity make them suitable for medical diagnostics and therapeutics. Their plasmonic effects enable photothermal therapy, which is effective in cancer cases. In electronics and energy sectors, gold nanorods are used in quantum computing, environmental monitoring, and energy harvesting, among others. Gold nanorods' surface modification with PEG, citrate, cysteine, biotin, or a gold-shell enhances their binding properties and applicability in DNA labelling and cancer therapy.

Gold nanorods' physical and chemical properties, including high reactive surface area, electron structure, and anti-oxidant properties, make them valuable in bio-synthesis, radiation enhancers, and tumor location. The synthesis methods, such as green methods, are crucial in maintaining the nanorods' shape and properties. Gold nanorods' applications extend to optoelectronics, photo imaging, and semiconductor industries, offering low cytotoxicity and ultra-light weight. Gold nanorods are also used in electronic devices, such as transistors, solar cells, and electronic connectors. In the environmental sector, gold nanorods are used for metal ions detection, including arsenic, mercury, lead, and copper. Gold nanorods' potential applications in nanowires, catalysis, and quantum computing further broaden their market scope.

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The Medical segment was valued at USD 137.80 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 41% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast

The Gold Market Report is segmented by type (alloyed gold and layered gold), application (jewelry, electronics, awards and status symbols, and other applications), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The market size and forecasts are provided in terms of volume (tonnes) for the above segments.

In 2021, the Pakistani gold market decreased by -4.9% to $X for the first time since 2018, thus ending a two-year rising trend. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.8% against 2016 indices. Gold consumption peaked at $X in 2020, and then declined modestly in the following year.

After two years of decline, the Asian gold market increased by 62% to $X in 2021. In general, consumption posted a strong increase. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the immediate term.

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

The Canadian gold market totaled $X in 2021, rising by 6.8% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Gold consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

The Global gold nanoparticles market is projected to reach USD 1.52 Bn by the end of 2026 and grow at a CAGR of 10.2% during the forecast period.

Gold Jewelry Market size was valued at USD 192,500.00 Million in 2023 and is projected to reach USD 344,856.21 Million by 2031, growing at a CAGR of 7.69% from 2024 to 2031.

Global Gold Jewelry Market Overview

The Global Gold Jewelry Market is significantly driven as disposable incomes rise in emerging markets, particularly in countries like India and China, more consumers have the financial means to purchase luxury items, including gold jewelry. Economic growth in these regions, accompanied by urbanization and an expanding middle class, allows consumers to indulge in higher-end products. Gold, in these markets, is seen not just as an accessory but as a symbol of wealth and social status. Additionally, gold’s reputation as a secure investment option especially in times of economic uncertainty encourages consumers to buy gold jewelry as a form of financial protection.

As of December 2024, U.S. stocks had an average 10-year return rate of 13.1 percent, whereas gold had a return rate of 8.33 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 3,000 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