Gold Price Monthly and Annualy

The Price of Gold in International Commodity Markets for April 2024 is 2,331.45 dollars per troy oz, as estimated by the World Bank. In comparison to the previous month, March 2024, when Gold was valued at 2,158.010 dollars per troy oz, there has been a net change of 173.44 dollars. This represents a percentage increase of 7.44%. Looking back to April 2023, the Gold price stood at 1,999.77 dollars per troy oz. The current data reflects a dynamic market with a modest increase in Gold prices from April 2023 to April 2024, signaling potential shifts in global economic trends.

Gold Price in Last 12 Months World Bank

Source: World-bank
Last Updated: 25 May 2024
Index Last 12 Months Nominal US $($/troy oz) Net-Chg Percentage-Chg
13April 2023$ 1,999.77--
12May 2023$ 1,992.13 $ -7.64-0.38 %
11June 2023$ 1,942.90 $ -49.23-2.53 %
10July 2023$ 1,951.02 $ 8.120.42 %
9August 2023$ 1,918.70 $ -32.32-1.68 %
8September 2023$ 1,915.95 $ -2.75-0.14 %
7October 2023$ 1,916.25 $ 0.300.02 %
6November 2023$ 1,984.11 $ 67.863.42 %
5December 2023$ 2,026.18 $ 42.072.08 %
4January 2024$ 2,034.04 $ 7.860.39 %
3February 2024$ 2,023.24 $ -10.80-0.53 %
2March 2024$ 2,158.01 $ 134.776.25 %
1April 2024$ 2,331.45 $ 173.447.44 %

Gold Price Annual World Bank

Gold Price in 2023 was 1,942.67 dollars per troy oz estimated by the world bank.

In the previous year, 2022 Gold Price was 1,800.60 dollars per troy oz. The net change in Gold Price in 2023 was 142.07 dollars which is about a 7.31% increase in price.

Year Price Nominal US Dollars($/troy oz) Net-ChangePercentage-Change
1960 $ 35.27--
1961 $ 35.25 $ -0.02-0.06 %
1962 $ 35.23 $ -0.02-0.06 %
1963 $ 35.09 $ -0.14-0.40 %
1964 $ 35.10 $ 0.010.03 %
1965 $ 35.12 $ 0.020.06 %
1966 $ 35.13 $ 0.010.03 %
1967 $ 34.95 $ -0.18-0.52 %
1968 $ 38.93 $ 3.9810.22 %
1969 $ 41.08 $ 2.155.23 %
1970 $ 35.94 $ -5.14-14.30 %
1971 $ 40.80 $ 4.8611.91 %
1972 $ 58.16 $ 17.3629.85 %
1973 $ 97.33 $ 39.1740.24 %
1974 $ 159.25 $ 61.9238.88 %
1975 $ 161.03 $ 1.781.11 %
1976 $ 124.82 $ -36.21-29.01 %
1977 $ 147.72 $ 22.9015.50 %
1978 $ 193.24 $ 45.5223.56 %
1979 $ 306.67 $ 113.4336.99 %
1980 $ 607.86 $ 301.1949.55 %
1981 $ 459.75 $ -148.11-32.22 %
1982 $ 375.80 $ -83.95-22.34 %
1983 $ 422.53 $ 46.7311.06 %
1984 $ 360.48 $ -62.05-17.21 %
1985 $ 317.91 $ -42.57-13.39 %
1986 $ 367.69 $ 49.7813.54 %
1987 $ 446.47 $ 78.7817.65 %
1988 $ 437.05 $ -9.42-2.16 %
1989 $ 381.43 $ -55.62-14.58 %
1990 $ 383.47 $ 2.040.53 %
1991 $ 362.18 $ -21.29-5.88 %
1992 $ 343.73 $ -18.45-5.37 %
1993 $ 359.77 $ 16.044.46 %
1994 $ 384.01 $ 24.246.31 %
1995 $ 384.16 $ 0.150.04 %
1996 $ 387.70 $ 3.540.91 %
1997 $ 331.10 $ -56.60-17.09 %
1998 $ 294.16 $ -36.94-12.56 %
1999 $ 278.77 $ -15.39-5.52 %
2000 $ 279.03 $ 0.260.09 %
2001 $ 270.99 $ -8.04-2.97 %
2002 $ 309.97 $ 38.9812.58 %
2003 $ 363.51 $ 53.5414.73 %
2004 $ 409.21 $ 45.7011.17 %
2005 $ 444.84 $ 35.638.01 %
2006 $ 604.34 $ 159.5026.39 %
2007 $ 696.72 $ 92.3813.26 %
2008 $ 871.71 $ 174.9920.07 %
2009 $ 972.97 $ 101.2610.41 %
2010 $ 1,224.66 $ 251.6920.55 %
2011 $ 1,569.21 $ 344.5521.96 %
2012 $ 1,669.52 $ 100.316.01 %
2013 $ 1,411.46 $ -258.06-18.28 %
2014 $ 1,265.58 $ -145.88-11.53 %
2015 $ 1,160.66 $ -104.92-9.04 %
2016 $ 1,248.99 $ 88.337.07 %
2017 $ 1,257.56 $ 8.570.68 %
2018 $ 1,269.23 $ 11.670.92 %
2019 $ 1,392.50 $ 123.278.85 %
2020 $ 1,770.25 $ 377.7521.34 %
2021 $ 1,799.63 $ 29.381.63 %
2022 $ 1,800.60 $ 0.970.05 %
2023 $ 1,942.67 $ 142.077.31 %

Introduction

In this article, we will delve into the intricacies of gold pricing, explore the factors that influence its value, and provide valuable insights to help you navigate the world of gold investments.

The Significance of Gold Prices

Gold has captivated human civilization for centuries due to its rarity, beauty, and intrinsic value. As an investor, understanding the dynamics of gold prices is crucial for maximizing potential returns. Gold prices are influenced by a myriad of factors, ranging from global economic conditions to geopolitical tensions. By analyzing these factors, investors can gauge the potential trajectory of gold prices and make strategic investment decisions.

Factors Influencing Gold Prices

 1. Economic Conditions

Gold prices often react to economic fluctuations. During times of economic uncertainty or recession, investors tend to flock to gold as a haven asset, driving its demand and subsequently increasing its price. Similarly, when economies thrive, the demand for gold may decrease, leading to a decline in its value.

 2. Inflation and Deflation

Gold is often seen as a hedge against inflation. When the purchasing power of currencies diminishes due to rising inflation, investors turn to gold to preserve wealth. Conversely, during periods of deflation, when prices are declining, gold may not yield significant returns compared to other investment options.

 3. Geopolitical Factors

Geopolitical tensions and instability can impact gold prices. Events such as political unrest, wars, or diplomatic conflicts can create uncertainty in financial markets, leading to increased demand for gold as a haven. Geopolitical stability, on the other hand, may reduce the appeal of gold as an investment asset.

 4. Supply and Demand

The supply and demand dynamics play a crucial role in determining gold prices. Gold is a finite resource, and mining production levels can directly impact its availability. Additionally, industrial demand for gold in sectors such as jewelry, technology, and dentistry can influence its price.

Conclusion

In conclusion, understanding gold prices and their underlying factors is essential for anyone looking to invest in this precious metal. By closely monitoring economic conditions, geopolitical events, and supply-demand dynamics, investors can make informed decisions and potentially capitalize on opportunities presented by gold price fluctuations. Remember to conduct thorough research, stay informed, and consult with professionals to ensure your gold investments align with your financial objectives.