In 2025, the price of platinum is forecast to hover around ***** U.S. dollars per troy ounce. Meanwhile, the cost of per troy ounce of gold is expected to amount to ***** 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 ***** 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 **** 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 **** 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 ***** U.S. dollars per ounce, making it the most expensive precious metal in 2023.

Spot Price: Central Bank of Oman: Gold per Ounce: Buy data was reported at 1,229.680 OMR in 18 May 2025. This records an increase from the previous number of 1,208.530 OMR for 15 May 2025. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data is updated daily, averaging 532.042 OMR from Dec 2007 (Median) to 18 May 2025, with 3830 observations. The data reached an all-time high of 1,337.450 OMR in 22 Apr 2025 and a record low of 0.105 OMR in 02 Jan 2022. Spot Price: Central Bank of Oman: Gold per Ounce: Buy data remains active status in CEIC and is reported by Central Bank of Oman. The data is categorized under World Trend Plus’s Commodity Market – Table OM.P001: Gold and Silver Spot Price. [COVID-19-IMPACT]

View monthly updates and historical trends for Silver Price. from United States. Source: World Bank. Track economic data with YCharts analytics.

Precious Metals Price: Central Bank of Armenia: Silver data was reported at 398.520 AMD/g in 16 May 2025. This records a decrease from the previous number of 409.100 AMD/g for 15 May 2025. Precious Metals Price: Central Bank of Armenia: Silver data is updated daily, averaging 286.175 AMD/g from Apr 2008 (Median) to 16 May 2025, with 4279 observations. The data reached an all-time high of 582.170 AMD/g in 03 May 2011 and a record low of 190.510 AMD/g in 20 Mar 2020. Precious Metals Price: Central Bank of Armenia: Silver data remains active status in CEIC and is reported by Central Bank of Armenia. The data is categorized under World Trend Plus’s Commodity Market – Table AM.DP001: Precious Metals Price: Central Bank of Armenia. [COVID-19-IMPACT]

Spot Price: Central Bank of Oman: Silver per Ounce: Sell data was reported at 12.450 OMR in 18 May 2025. This records an increase from the previous number of 12.273 OMR for 15 May 2025. Spot Price: Central Bank of Oman: Silver per Ounce: Sell data is updated daily, averaging 7.537 OMR from Dec 2007 (Median) to 18 May 2025, with 3830 observations. The data reached an all-time high of 919.099 OMR in 29 Jul 2024 and a record low of 1.021 OMR in 02 Jan 2022. Spot Price: Central Bank of Oman: Silver per Ounce: Sell data remains active status in CEIC and is reported by Central Bank of Oman. The data is categorized under World Trend Plus’s Commodity Market – Table OM.P001: Gold and Silver Spot Price. [COVID-19-IMPACT]