View the current and historical gold price here. Our data is updated in real time, so you are always aware of the most current gold price.
The current gold price is largely determined by the principle of supply and demand: if demand for gold rises while supply is limited, the current gold price rises. If there is a surplus of supply and lower demand, the gold price falls. The same applies to the price of silver. Historically, demand for gold has often exceeded supply.
Fluctuations between the US dollar and the euro can also influence the gold price, as the gold price is usually expressed in dollars.
Finally, factors such as economic uncertainty, inflation and central bank interest rates influence the gold price. As a result, the gold price fluctuates continuously on trading days.
The historical price of gold shows that gold has been a stable investment over long periods, with significant increases in times of economic uncertainty.
Over the past 30 years, the price of gold has risen sharply, particularly since the 2008 financial crisis, when gold became popular as a safe haven.
Between 1996 and 2026, the price of gold increased twelvefold. This table shows the annual return on gold over various periods.
In the first quarter of 2026, the gold price reached a new record of over £129,000 per kilo (well over $5,500 per troy ounce).
These returns show that gold is particularly favourable as a long-term investment and as a hedge against inflation and crises.
Analysts predict a further rise in the gold price in 2026 due to global economic uncertainties, inflation, and geopolitical tensions.
In their most recent forecasts in the first quarter of 2026, analysts shared that the gold price could reach $5,400 per troy ounce (Goldman Sachs) or even $6,000 to $6,300 per troy ounce (J.P. Morgan) during the year. The outlook for 2027 and the following years is equally optimistic.
J.P. Morgan predicts that the gold price could reach $8.000 per troy ounce by the end of this decade (2030), provided that private investors increase their holdings in gold.
These precise expectations for the gold price depend heavily on factors such as inflation, central bank interest rate policies, geopolitical tensions, and confidence in currencies—with the US Dollar remaining the most significant. All in all, gold remains a popular hedge against financial uncertainty and long-term inflation risks.
The gold price is fixed twice a day through the LBMA Gold Price, an electronic auction in London where major banks match supply and demand. Important factors influencing the price are real interest rates, geopolitical tensions and the value of the US dollar.
The gold price is determined by a combination of real interest rates, the value of the US dollar and geopolitical tensions. In addition, record demand from central banks provides structural support for the price.
A gold chart shows price development per troy ounce (31.1 grams) or per kilogram in pounds, euros or dollars. Pay attention to the bid price and the ask price; the difference between them is called the spread.
Central banks are key price setters because they represent roughly 20% to 25% of global gold demand.
In theory, the global spot price of gold is the same everywhere, but the physical selling price varies by provider.
The gold price changes continuously and is updated live every 15 seconds during trading days.
Various analysts expect the gold price to rise further due to continued demand from central banks and possible interest-rate cuts.
The current gold price is historically high, but it may still be attractive for those expecting further gains. Whether this is a good entry point depends on your time horizon and your confidence in these forecasts.
Although the gold price keeps breaking records, there are also scenarios in which the gold price could fall.
Through GoldRepublic, you can purchase gold bars from reputable, LBMA-certified smelters. You can buy gold starting from one gram (or a minimum investment of £50), at the current gold market price. Saving gold is also an option. Each month, you automatically deposit an amount for which gold is purchased at the current gold price. This allows you to build up a gold reserve step by step, without having to actively trade.
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