Current gold price

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.

How is the current gold price determined?

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.

What is the historical price of gold?

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 1995 and 2025, the price of gold more than quadrupled. The table below shows the annual return on gold over different periods.

Period
Annual return on gold
The past 30 years
7-8% per year
The past 20 years
10%  per year
The past 10 years
5-6%  per year

Over the past 10 years, returns have been slightly lower due to market developments and recent economic uncertainties. Nevertheless, the price per kilogram of gold exceeded £100,000 for the first time in 2025.

These returns show that gold is particularly favourable as a long-term investment and as a hedge against inflation and crises.

What is the outlook for the price of gold?

Analysts predict a further rise in the price of gold in 2025 due to global economic uncertainties, inflation and geopolitical tensions.

The price of gold already peaked several times in September 2025, surpassing the inflation-adjusted peak of 1980. In euros, this amounted to a record of approximately £100,000 per kilogram of gold.

In response to this recent price record, ANZ Group predicted that the price of gold could reach £3,800 per ounce by the end of 2025. Other banks such as Goldman Sachs, UBS and JPMorgan also predict that the gold price will continue to rise in 2025, mainly due to interest rate cuts by central banks and a weaker dollar.

The outlook for 2026 and beyond is also optimistic: Goldman Sachs and ANZ Group predict that the price could rise to $4,000 per ounce around June 2026.

This expectation depends heavily on factors such as inflation, central bank interest rate policy, geopolitical tensions and confidence in currencies, with the US dollar being the most important currency.All in all, gold remains a popular hedge against financial uncertainties and inflation risks in the longer term.

Frequently asked questions

Is buying gold a wise choice?

Buying gold can be a wise choice, especially in times of economic uncertainty or inflation. Historically, gold has retained its value well and offers protection against declining currency purchasing power. In addition, physical gold is a tangible asset that you can keep outside the financial system...

What should I look out for when buying physical gold?

At GoldRepublic, you can buy whole gold bars or become a co-owner of a bar. If you become a co-owner, you pay NO bar reservation fees and you may be allocated anew bar every day. Legally, this makes no difference. You are still the(co-)owner of physical gold. The gold is delivered to you. You still know which bar you own (based on the bar number). Only in the event that, due to extreme circumstances, GoldRepublic is no longer able to provide its services, will you have to agree with the co-owners on what to do with the bar (sell or melt it down). If you reserve your own bar, this is not the case.

Are gold bars exempt from VAT?

Yes, investment gold is exempt from VAT in the United Kingdom and throughout the European Union. This exemption applies to gold bars with a purity of at least99.5% (24 carats). All gold bars you purchase through GoldRepublic must meet these conditions and are therefore exempt from VAT.

Do I have to declare gold as an asset to the tax authorities?

In the Netherlands, you must declare physical gold that you own as assets in box 3 of your tax return. The reference date used for this is 1 January of the tax year for which you are filing your return. This means you declare the value of your gold on 1 January, based on the gold price on that day. However, always check with your tax adviser to see what applies to your personal situation.

Buy gold at a competitive daily price

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.