wcg gold price 4
Global gold demand stays strong, supporting record-high prices World Gold Council
Gold not only has a spot price, but it also has the LBMA Gold Price, as well as several regional prices. The LBMA Gold Price is used as an important benchmark throughout the gold market, while the other regional gold prices are important to local markets. Whatever the outlook, choosing to buy gold for investment can make a good idea for spreading risk across a balanced portfolio. That’s because the value of gold bullion has, in the past, tended to increase when other investment assets fall over long periods of time. More active traders can also try to time their buying and selling using this live gold price chart.
The gold bid price is the highest price the buyer is willing to pay for gold. The gold bid price and the gold ask price are the prices at which gold can be bought and sold, respectively. Quarterly official gold holdings from 2000, as well as the latest available month-end data for the Top 100 holders. Register today and get free and unlimited access to all Goldhub market data, tools and analysis. Central banks bought 244 tonnes of the precious metal in quarter one, down 21% from the wcg gold price same month in 2024.
Can I buy Gold at the current spot price?
- Global gold demand struck levels not seen for almost a decade in the first quarter as macroeconomic jitters drove safe-haven buying, according to the World Gold Council.
- Central banks often respond to crises by printing more money, flooding the market with devalued currency.
- Rather than making fresh purchases, many buyers are opting to exchange old gold for new jewellery.
- Monthly files are updated within the first 10 days of the month (with data two months in arrears).
- There can be no assurance that any forward-looking statements will be achieved.
The gold ask price is the lowest price the seller is willing to sell gold. Monthly files are updated within the first 10 days of the month (with data two months in arrears). When not logged in, only limited features of the dashboard are available. Login to filter countries by characteristic, economic data category and geography, view data over a date range, compare dates and download data.
Gold price ending August at record highs: All eyes now on $3,500
A sharp upsurge in gold ETF investment, along with elevated bar and coin buying, drove total Q1 gold demand to 1,206t – its highest for a first quarter since 2016. Jewellery consumption was contrastingly weak as the gold price hit successive new record highs during the quarter. Physically-backed gold exchange-traded funds (gold ETFs) are an important source of gold demand, with institutional and individual investors using them as part of well-diversified investment strategies. Our comprehensive data set covers more than 100 physically-backed gold ETFs and similar products worldwide, providing regional and fund-specific analysis of demand in tonnes and flows in USD over different time periods. For more information on how our gold ETF data set is produced, please see our methodology note.
- To assess the effect of such varied conditions, we look at gold’s four key drivers – economic expansion, risk and uncertainty, opportunity cost, and momentum – across three scenarios (Figure 3).
- The percentage share held in gold of total foreign reserves is calculated by the World Gold Council.
- In addition, demand for gold in technology recovered 10% year-on-year driven by the AI boom in the electronics sector.
- The last thing you need in today’s world is a confusing or opaque buying experience.
- On the flip side, while seemingly unlikely given the current environment – widespread and sustained global trade normalisation would bring higher yields and resurgent risk appetite, challenging gold’s momentum.
Dollar-related pressures are likely to persist, and questions around the end of US exceptionalism may dominate investor discussions. Overall, these conditions position gold as a net beneficiary – but while the fundamentals remain strong, the gold price has already captured part of these dynamics. In turn, sustainable conflict resolution and continued rising stock prices could lure more risk on flows and limit gold’s appeal. This data set provides the gold price averages over a range of timeframes (monthly, quarterly, annually) going back to 1978, and in the major trading, producer, and consumer currencies.
World Gold Council and its affiliates assume no responsibility for updating any forward-looking statements. Gold spot price fluctuates depending on various factors and these include supply and demand not only in physical but also in futures markets. Other factors that influence the spot price of gold are political events, investor sentiments, macroeconomic events and economic data releases.
As of 18 March 2025, only limited LBMA Gold Price data is available on our website. Historical LBMA Gold Price data has been removed at the request of the ICE Benchmark Administration. If you would like to obtain the historical LBMA Gold Price, please visit here for more information on licensing. When investing in gold as a way to spread risk, its a good idea to think about costs, security and simplicity. BullionVault addresses these issues to make buying gold cheaper, safer and easier. Spot, in other words, doesn’t necessarily reflect a price you might actually get from any individual bank or dealer, and it cannot reflect the spread between prices to buy and prices to sell.