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