Silver prices
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View the reference price, historical chart and source details.Gold price and historical chart
The latest available gold reference is $4,286.20 USD per troy ounce for 27 September 2026 at 11:11 UTC. Delay: 28 minutes ago. It is an hourly spot reference from Gold API hourly spot reference.
Gold is traded as bullion, investment products and jewellery. Compare like-for-like purity and delivery terms before comparing prices.
Hourly spot reference
$4,286.20
USD / troy-ozLoading
Gold API hourly spot referenceDownload USD history ↓
Historical currency views use the latest reference FX, not date-matched historical exchange rates.
Check another metal’s price.
Explore related markets or compare their price movements with gold.
Platinum prices
Catalysts · Jewellery · Chemical processing
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Palladium prices
Automotive catalysts · Electronics
View the reference price, historical chart and source details.Where does the world’s newly mined gold come from?
Gold is mined on every continent except Antarctica. The 13 countries named separately by USGS produced an estimated 2,250 metric tonnes in 2025, about 68.2% of the rounded world total. USGS groups another 1,000 tonnes under “other countries.”
China was the largest national producer in the 2025 USGS estimate, followed by Russia and Australia. Canada, the United States and Ghana were also major sources. A country total describes mine output; it does not tell us which refinery or buyer received each doré bar.
Loading the gold-production map…
These are estimates of gold content mined during the year. They exclude recycled gold and do not measure reserves, refinery throughput or bullion holdings.
| Rank | Country | Mine production | Share of rounded world total | Representative map area |
|---|---|---|---|---|
| 1 | China | 380 metric tonnes | 11.5% | Shandong and wider Chinese production |
| 2 | Russia | 310 metric tonnes | 9.4% | Siberian and Far Eastern production |
| 3 | Australia | 280 metric tonnes | 8.5% | Western Australian goldfields |
| 4 | Canada | 200 metric tonnes | 6.1% | Ontario and wider Canadian production |
| 5 | United States | 160 metric tonnes | 4.8% | Nevada and wider US production |
| 6 | Ghana | 150 metric tonnes | 4.5% | Ashanti gold belt and wider Ghanaian production |
| 7 | Mexico | 140 metric tonnes | 4.2% | Sonora and wider Mexican production |
| 8 | Kazakhstan | 130 metric tonnes | 3.9% | Central and eastern Kazakhstan production |
| 8 | Uzbekistan | 130 metric tonnes | 3.9% | Muruntau and wider Uzbek production |
| 10 | Peru | 110 metric tonnes | 3.3% | Cajamarca and wider Peruvian production |
| 11 | Indonesia | 90 metric tonnes | 2.7% | Papua and wider Indonesian production |
| 11 | South Africa | 90 metric tonnes | 2.7% | Witwatersrand Basin and wider South African production |
| 13 | Brazil | 80 metric tonnes | 2.4% | Minas Gerais and wider Brazilian production |
Mine output and gold supply are different totals. Gold supply also includes recycled jewellery, bars and industrial material. Read the 2025 supply-and-demand breakdown below or compare the metal with silver prices and market uses.
How gold moves from mines through refineries to markets.
Follow each numbered example: 1 is mine doré or recycled feedstock, 2 is the refinery, and 3 is a market that can accept the finished bullion or fabricated product. Each route has its own color.
1Mine doré or recycled gold 2Refinery 3Market area 1 to 2 · feedstock 2 to 3 · refined gold
1Canada and Ottawa2Australia and Perth3Africa and Rand Refinery4Global feedstock and India
Loading the gold supply-chain map…
1 Canadian mine doré → Royal Canadian Mint → bullion products
The Royal Canadian Mint says deposits accepted directly from mines are Canadian. It assays and refines doré, then casts investment bars, grain and bullion or collectible coins.
1 · Mine or recycled sourceCanadian gold mines
2 · RefinedRoyal Canadian Mint refinery Ottawa refinery; doré is assayed, purified and cast into high-purity products
3 · SuppliedCanadian bullion marketInternational bullion customers
2 Australian mine supply → Perth Mint → wholesale and investment markets
The Perth Mint works across refining and bullion fabrication. It produces London Good Delivery bars as well as kilobars, smaller investment bars and granules for precious-metals markets.
1 · Mine or recycled sourceWestern Australian goldfields
2 · RefinedPerth Mint refinery Produces 99.5% and 99.99% gold bars, investment bars and granules
3 · SuppliedLondon wholesale bullion marketAsia-Pacific investment markets
3 African mine doré → Rand Refinery → international bullion exchanges
Rand Refinery describes itself as Africa’s refining hub. It accepts mine doré and other responsible feedstock and is accredited to supply bars accepted in London, New York, Tokyo and Shanghai.
1 · Mine or recycled sourceSouthern African gold minesWest African gold mines
2 · RefinedRand Refinery Germiston, South Africa; refines mine doré, recycled material and alluvial gold
3 · SuppliedLondon bullion marketNew York futures delivery marketTokyo bullion marketShanghai bullion market
4 Mined and recycled feedstock → MMTC-PAMP → Indian gold market
MMTC-PAMP says it processes ore from mining partners and scrap from the jewellery industry at its Haryana refinery. Its output includes high-purity bars and coins for India’s large precious-metals market.
1 · Mine or recycled sourceGlobal industrial mine supplyIndian recycled gold
2 · RefinedMMTC-PAMP refinery Haryana, India; installed gold refining capacity of 300 tonnes per year
3 · SuppliedIndian jewellery marketIndian bar and coin market
Why there is no single mine-to-buyer map. A doré bar can contain metal from one mine, while a refinery can process many deposits and recycled feedstock. Wholesale bars can then trade inside a vault. The routes above show relationships documented by the refinery or mint, not a claim that all regional gold follows one path.
Where was gold supplied and used in 2025?
Investment was the largest measured demand category in 2025. Jewellery fabrication ranked second, followed by net central-bank purchases and technology. These categories describe the first reported use of gold; they are not four separate qualities of metal.
Measured 2025 demand5,002.3 tonnes
Largest categoryInvestment · 43.5%
Investment2,175.3 t 43.5% of measured demand
Jewellery fabrication1,638.0 t 32.7% of measured demand
Central banks863.3 t 17.3% of measured demand
Technology322.8 t 6.5% of measured demand
The four visible categories total 4,999.4 tonnes. The World Gold Council’s 5,002.3-tonne total also includes a 2.9-tonne “OTC and other” balancing category, which is too small to display as a useful segment.
Investment
2,175.3 tonnesBars, coins, gold-backed ETFs and similar products.
Jewellery fabrication
1,638.0 tonnesGold entering jewellery manufacturing and fabrication inventories.
Central banks
863.3 tonnesNet purchases by central banks and other official institutions.
Technology
322.8 tonnesElectronics, other industrial uses and dentistry.
Gold can move without being used up
A refinery turns doré or recycled material into a standard product. An investor, bank or central bank may then store a bar for years. Ownership can change through a bullion account while the physical bar remains in the same approved vault.
Jewellery and electronics create a more visible manufacturing chain. Old jewellery, production scrap and electronic material can later return to a refinery, so recycled gold becomes supply again.
Use the price with the right product
- The chart above reports a fine-gold reference per troy ounce.
- A coin or small bar normally includes fabrication and dealer premiums.
- Jewellery value depends on weight, fineness, workmanship and resale terms.
- Mine production is measured in tonnes and should not be confused with reserves underground.
Sources: World Gold Council — Gold Demand Trends: Full Year 2025; USGS Mineral Commodity Summaries 2026 — Gold; LBMA country-of-origin data and refining flows.
Behind the chart.
Data methodology →This chart separates the source observation, its period and its published unit from later currency or weight conversions.
What this price represents
Gold is traded as bullion, investment products and jewellery. Compare like-for-like purity and delivery terms before comparing prices.
price-chart.com stores timestamped hourly spot references separately from its daily USD-per-troy-ounce reference observations. Hourly points are indicative market references, not executable dealer quotes or exchange closes. Monthly observations are nominal USD averages from the World Bank Pink Sheet where available; palladium uses means of stored daily references. Yearly values are means of the available monthly averages, with incomplete periods labelled. Period averages describe the stated interval, not a current executable quote. Currency and weight conversions change the display, not the underlying specification.
What a physical transaction may cost
Grade, delivery location, fabrication, taxes and dealer spreads can change a real offer. Use a matching specification and period when comparing prices.
Recent observations
| Period | USD / troy-oz |
|---|---|
| 27 Sep 2026 11:11 UTC | 4,286.20 |
| 27 Sep 2026 10:11 UTC | 4,286.20 |
| 27 Sep 2026 09:11 UTC | 4,286.20 |
| 27 Sep 2026 08:11 UTC | 4,286.20 |
| 27 Sep 2026 07:11 UTC | 4,286.20 |
| 27 Sep 2026 06:11 UTC | 4,286.20 |
| 27 Sep 2026 05:11 UTC | 4,286.20 |
| 27 Sep 2026 04:11 UTC | 4,286.20 |
| 27 Sep 2026 03:11 UTC | 4,286.20 |
| 27 Sep 2026 02:10 UTC | 4,286.20 |
| 27 Sep 2026 01:10 UTC | 4,286.20 |
| 27 Sep 2026 00:10 UTC | 4,286.20 |
The selected period in numbers.
hourly observations · 2026-09-24T21:21:56Z to 2026-09-27T11:11:02Z · USD / troy-oz · Gold API hourly spot reference
Lowest observation4,260.8
Highest observation4,306.6
Mean observation4,284.57
Stored observations70
First-to-last change0.26%
High and low mean the highest and lowest stored observations, not intraday trading extremes. The mean is an unweighted average of those observations. Missing dates are not filled in.
Gold by weight.
Custom weight & purity →Common fine-metal weights
Uses the latest reference of the frequency selected above. Values exclude product premiums and fees.
| Fine weight | Reference value (USD) |
|---|---|
| 1 gram | 137.80 |
| 10 grams | 1,378.05 |
| 1 troy ounce | 4,286.20 |
| 100 grams | 13,780.45 |
| 1 kilogram | 137,804.54 |
Fine weight versus gross weight
The reference values assume the entire weight is the specified metal. For an alloy, multiply net metal weight by its fineness divided by 1,000 before applying a fine-metal price. Deduct stones or non-metal parts first. A plated item cannot be valued as though all its weight were the surface metal.
A troy ounce is 31.1034768 grams. An ordinary ounce is 28.349523125 grams. A metric tonne is 1,000 kilograms. Use the weight worksheet to compare units or an entire batch.
For a purchase, compare the invoice with the premium calculator. For recovered metal, review deductions in the scrap payout calculator.
Gold value by purity
Nominal karat values for one gram of metal, using the same selected reference. A stamped fineness such as 585 can differ from exact 14/24 arithmetic.
| Karat | Nominal fineness | Fine gold in 1 gram | Reference value (USD) |
|---|---|---|---|
| 9K | 375.000 | 0.375000 g | 51.68 |
| 10K | 416.667 | 0.416667 g | 57.42 |
| 14K | 583.333 | 0.583333 g | 80.39 |
| 18K | 750.000 | 0.750000 g | 103.35 |
| 21K | 875.000 | 0.875000 g | 120.58 |
| 22K | 916.667 | 0.916667 g | 126.32 |
| 24K | 1000.000 | 1.000000 g | 137.80 |
Gold as a reference, a material and a finished product
Gold can be compared in several different forms: a fine-metal reference, a bullion bar or coin, and a jewellery item. The number on this page describes the underlying reference series. It does not include the fabrication premium on a small bar or the design and retail costs of jewellery. Start with fine-metal content when comparing those products, then account for the costs of the transaction.
Investment and monetary demand
Gold is held by investors and central banks as well as used in jewellery. Changes in desired holdings can affect demand independently of fabrication activity. A price chart alone cannot identify which group caused a particular move.
Currency and financing conditions
Gold references here originate in US dollars. A local-currency price can change because of the metal price, the exchange rate, or both. Financing conditions and the opportunity cost of holding a non-income-producing asset are also useful context; they do not provide a mechanical price forecast.
Physical supply and recycling
Mine output and recycled material add supply, while delivery location, bar specification and availability affect a physical offer. A quoted retail premium can move differently from the metal reference.
Make comparisons meaningful
Silver offers another precious-metal reference with industrial applications. Platinum and palladium provide a view of separate precious-metal markets. Compare aligned periods rather than assuming these metals move together.
In the comparison chart, each series starts at 100 on its first shared date. This compares percentage movements rather than equating the price of a tonne with the price of an ounce. For a physical transaction, also match quality, currency and delivery conditions.
Which product are you comparing?
| Product | What to check |
|---|---|
| Fine bullion | Use the stated fine weight; a one-ounce label should identify whether it means a troy ounce. |
| Gold jewellery | Apply an assayed or stated fineness to metal weight, excluding stones. Workmanship is separate. |
| Scrap and mixed items | Account for assay, recovery, buyer payout terms and fees before comparing a net offer. |
Recent yearly averages.
Download annual USD data ↓Original USD per troy ounce. These figures average the available monthly observations. They are not year-end closes or the mean of all daily prices. This archive retains the original source unit regardless of chart display settings.
| Year | Average (USD) | Monthly observations | Coverage |
|---|---|---|---|
| 2026 | 4,581.12 | 8 | Partial period |
| 2025 | 3,441.50 | 12 | 12 complete monthly observations |
| 2024 | 2,387.58 | 12 | 12 complete monthly observations |
| 2023 | 1,942.75 | 12 | 12 complete monthly observations |
| 2022 | 1,800.75 | 12 | 12 complete monthly observations |
| 2021 | 1,799.58 | 12 | 12 complete monthly observations |
| 2020 | 1,770.25 | 12 | 12 complete monthly observations |
| 2019 | 1,392.58 | 12 | 12 complete monthly observations |
| 2018 | 1,269.25 | 12 | 12 complete monthly observations |
| 2017 | 1,257.50 | 12 | 12 complete monthly observations |
Partial averages can change as observations are added. Do not compare an incomplete year with a full year as though the coverage were identical.
Questions about gold prices
Is the Gold price live or a reference?
The daily series is a price-chart.com reference observation, separate from an exchange closing price or executable intraday quote. The displayed label, source and timestamp identify the observation. Polling a source does not make its underlying publication more frequent.
What can affect the Gold price?
Investment and monetary demand: Gold is held by investors and central banks as well as used in jewellery. Changes in desired holdings can affect demand independently of fabrication activity. A price chart alone cannot identify which group caused a particular move. Currency and financing conditions: Gold references here originate in US dollars. A local-currency price can change because of the metal price, the exchange rate, or both. Financing conditions and the opportunity cost of holding a non-income-producing asset are also useful context; they do not provide a mechanical price forecast.
Which Gold products need separate specifications?
Fine bullion: Use the stated fine weight; a one-ounce label should identify whether it means a troy ounce. Gold jewellery: Apply an assayed or stated fineness to metal weight, excluding stones. Workmanship is separate. These product differences mean one headline reference cannot price every physical transaction.
What do monthly and yearly Gold prices mean?
Monthly values retain the World Bank source averages rather than being rebuilt from a different daily feed. Yearly values average those monthly observations. The table flags incomplete coverage. A period average is different from a closing price.
How do I value a custom amount of Gold?
Use the gold value calculator for weight, fineness and currency, then inspect its scenario chart and weight table. A contained-metal estimate excludes unentered premiums, fees and non-metal components.
Where does gold come from?
Gold comes from mines and recycled material. In the USGS 2025 estimate, China was the largest gold-mining country, followed by Russia and Australia. The gold origin map also shows Canada, the United States and Ghana.
Where is mined gold supplied?
Mines usually pour partly refined doré bars, which accredited refineries assay and purify. Refined gold then enters investment bars and coins, jewellery fabrication, central-bank reserves or technology. The gold supply-chain map shows documented examples without treating representative routes as live cargo tracking.
Sources and further reading
- World Bank commodity data — monthly reference histories and source documentation.
- Daily precious-metal reference archive — daily reference observations under a CC0 licence.
- USGS commodity statistics and information — material uses, supply and industry context.
- price-chart.com methodology — validation, timestamps, period averages and conversions.
