$1,780 /t oz
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1 week
1 month

Performance of Gold

The price of Gold is $1,780, down 0.4% over 24 hours.

$1k invested in Gold...
  • 1 day ago
    is now worth
  • 1 month ago
    is now worth
  • 1 year ago
    is now worth

About Gold

Gold is a precious metal used for coinage, jewelry and other aesthetics since antiquity. Until 1971, industrial economies implemented a gold standard monetary policy, backing their currencies with an set amount of gold. Gold is seen as a store of value and a safe haven - gold typically sees strong demand and price increases during times of economic uncertainty. Gold extraction from deep mines and grinding ore is energy intensive, requiring nearly 25 kWh of electricity per gram of gold produced.

Gold Stats
3.5k tonnes (t) in 2018. Top 3 producers were China: 404t, Australia: 319t, Russia: 297t
~244k tonnes (t) total known reserves, ~190k tonnes (77%) mined. Top 3 countries by reserves are Australia: 9.8kt, South Africa: 6kt, Russia 5.3kt
Jewelry and other aesthetics, electronics, medicine

How to Trade Gold

Are you looking to long or short Gold?

Trading gold as a physical asset involves storage, transport and insurance costs, and other complexities. CFDs (Contracts for Difference) allow traders to gain exposure to price movements in gold without physically holding gold. A trader can buy gold CFDs to benefit from a price rise, or short sell gold CFDs to benefit from a price fall, never needing to hold the physical asset.
After careful evaluation of several CFD exchanges, we recommend Plus500 for their
CFD Service. Your capital is at risk. CFDs are exciting and innovative, but as with all financial instruments, it is important to understand the risks.

New to trading with Plus500?
Practice trading with free virtual cash on a Plus500 demo account
Find out more about Gold CFDs β†’

More Commodities
Last update 2021-12-07T03:00:40Z UTC
Prices are approximate and may be subject to delay.