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Gold

2953.2 USD/oz 260.1 (9.66%) (Last updated - February 21, 2025 10:38 PM UTC )

Day High

1811.5

Day Low

1780.3

Previous Close

1791.95

52 Week Range

1677.9 - 2078.8

Change YTD

11.82%

Risk Disclaimer

About

Performance USD/oz	Change
5 Day	10.8%
1 Month	10.92%
3 Months	10.73%
6 Months	20.05%
52 Week	45.17%

February 21, 2025 10:38 PM UTC

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Gold is a precious and malleable metal which has continued to lure humankind since time immemorial. Thanks to its eye-pleasing glitter and non-corrosive nature, the yellow metal has been widely used for making jewellery.

Apart from this, gold has been used universally in exchange for goods and services. For many centuries the yellow metal was widely used as a currency in the form of coins. Through most of 20th century, gold was also used as the world reserve currency backing the paper currency system. Nearly 45% of the world's total gold is held by central and government banks.

Apart from this, gold is also used in many modern electronic devices like mobile phones, GPS systems, computers, televisions, and calculators because of its high conductivity. The precious metal also finds application in the manufacturing of glasses, dentistry, and medical treatments. Adding to that, it is widely used as a safe-haven investment – as a hedge against inflation.

Gold has been one of the oldest forms of investments known to man. Since it is not a consumable product, and does not corrode, majority of gold that is mined from the earth is still available on the planet.

The amount of gold mined every year is relatively low as compared to the growth in demand. This is the basic reason behind the constant rise in gold prices. On the supply front, around 75% of the world’s total gold demand is fulfilled by mine production every year while the remaining 30% is met from recycling of jewellery and technology extraction.

The price of gold is guided by the combination of several factors like supply, demand, and investors' behavior. Like every other commodity, the demand and supply dynamics of gold play a vital role in determining its price.

However, here are the few major factors that drive the yellow metal’s price:

Inflation expectations
Demand arising due to purchase of gold by governments and their respective central banks.
During economic downturns, the price of gold shoots up on the back of rising demand from investors who perceive it as a safe investment.
The jewellery demand is also a major contributing factor that influences gold prices. India, China, and the US are the primary consumers of gold in the form of jewellery.
The advent of gold ETFs (Exchange Traded Funds) has also contributed to gold demand.

Code	Company	Price	Chg	%Chg	High	Low	Volume	Market Cap
PTR	PTR Petratherm Ltd	0.295	0.005	1.724	0.315	0.290	829479	91.390 M
A8G	A8G Australasian Metals Limited	0.069	0.000	0.000	0.069	0.069	15000	3.994 M
AAU	AAU Antilles Gold Ltd	0.005	0.000	0.000	0.005	0.005	3131309	7.582 M
DTR	DTR Dateline Resources Ltd	0.003	0.000	0.000	0.003	0.003	--	7.697 M
EQR	EQR EQ Resources Ltd	0.046	-0.004	-8.000	0.049	0.043	3505627	108.561 M
AZL	AZL Arizona Lithium Ltd	0.009	-0.001	-10.000	0.010	0.009	2698185	41.056 M
GML	GML Gateway Mining Ltd	0.022	-0.001	-4.348	0.022	0.022	30000	9.403 M
AAR	AAR Astral Resources NL	0.150	0.010	7.143	0.150	0.140	1881763	174.042 M
BEZ	BEZ Besra Gold Inc	0.045	-0.006	-11.765	0.051	0.045	3311874	37.629 M
BMO	BMO Bastion Minerals Ltd	0.004	0.000	0.000	0.004	0.004	2	3.379 M
CLZ	CLZ Classic Minerals Ltd	0.001	0.000	0.000	0.001	0.001	--	1.544 M
PGD	PGD Peregrine Gold Ltd	0.140	0.000	0.000	0.140	0.140	61920	11.125 M
ALK	ALK Alkane Resources Ltd	0.635	0.015	2.419	0.640	0.610	981263	379.675 M
CMM	CMM Capricorn Metals Ltd	7.940	0.040	0.506	7.990	7.830	820056	3,281.372 M
CST	CST Castile Resources Ltd	0.071	0.000	0.000	0.071	0.071	5000	21.299 M
MEG	MEG Megado Minerals Limited	0.013	0.000	0.000	0.014	0.013	117901	5.456 M
MKG	MKG Mako Gold Ltd	--	--	--	--	--	--	10.853 M
NAG	NAG Nagambie Mining Ltd	0.016	-0.004	-20.000	0.020	0.016	3362842	13.656 M
EVN	EVN Evolution Mining Ltd	6.380	0.100	1.592	6.430	6.260	10208446	12,731.776 M
GMD	GMD Genesis Minerals Ltd	3.170	-0.110	-3.354	3.190	3.070	4709309	3,549.698 M
GMN	GMN Gold Mountain Ltd	0.002	0.000	0.000	0.002	0.002	41686516	9.158 M
LEX	LEX Lefroy Exploration Ltd	0.080	-0.002	-2.439	0.080	0.080	5000	21.364 M
IBG	IBG Ironbark Zinc Ltd	0.275	0.005	1.852	0.275	0.265	88856	17.929 M
TAM	TAM Tanami Gold NL	0.028	-0.002	-6.667	0.030	0.028	843406	32.903 M
TBR	TBR Tribune Resources Ltd	4.960	-0.030	-0.601	4.990	4.920	10147	261.816 M
NST	NST Northern Star Resources Ltd	17.890	-0.050	-0.279	17.985	17.700	5122118	20,341.709 M
ADN	ADN Andromeda Metals Ltd	0.007	0.000	0.000	0.008	0.007	951299	27.430 M
AGC	AGC Australian Gold and Copper Ltd	0.165	0.015	10.000	0.165	0.150	245350	42.339 M
CHN	CHN Chalice Mining Limited	1.465	0.015	1.035	1.465	1.402	3091947	564.089 M
ARD	ARD Argent Minerals Ltd	0.022	-0.002	-8.333	0.024	0.022	4386130	31.804 M
ARL	ARL Ardea Resources Ltd	0.450	0.005	1.124	0.450	0.440	65156	89.857 M
ARN	ARN Aldoro Resources Ltd	0.355	0.020	5.970	0.360	0.340	456598	61.470 M
BRX	BRX Belararox Ltd	0.155	-0.005	-3.125	0.165	0.155	147023	22.314 M
BSX	BSX Blackstone Minerals Ltd	0.050	-0.010	-16.667	0.056	0.050	1302710	29.750 M
MAT	MAT Matsa Resources Ltd	0.054	0.002	3.846	0.054	0.052	700166	38.828 M
AIS	AIS Aeris Resources Ltd	0.165	0.000	0.000	0.170	0.160	1277475	159.769 M
IXR	IXR Ionic Rare Earths Ltd	0.006	0.000	0.000	0.006	0.006	1166259	31.431 M
BNR	BNR Bulletin Resources Ltd	0.040	0.002	5.263	0.040	0.038	88446	11.745 M
BNZ	BNZ Benz Mining Corp	0.435	0.000	0.000	0.435	0.425	190570	83.106 M
LKY	LKY Locksley Resources Ltd	0.017	-0.001	-5.556	0.017	0.017	70059	2.493 M
RCR	RCR Rincon Resources Ltd	0.018	0.001	5.882	0.018	0.017	1763884	5.266 M
OZM	OZM Ozaurum Resources Ltd	0.110	-0.005	-4.348	0.120	0.110	3241511	21.723 M
AUN	AUN Aurumin Ltd	0.064	-0.002	-3.030	0.064	0.064	75697	32.621 M
MKR	MKR Manuka Resources Ltd	0.028	0.001	3.704	0.029	0.027	212914	22.702 M
SFM	SFM Santa Fe Minerals Ltd	0.037	0.000	0.000	0.037	0.037	--	2.694 M
SFR	SFR Sandfire Resources NL	10.790	0.060	0.559	10.910	10.160	2609101	4,954.014 M
AOA	AOA Ausmon Resources Ltd	0.002	0.000	0.000	0.002	0.002	--	2.410 M
APC	APC Australian Potash Ltd	0.019	0.000	0.000	0.020	0.019	232550	2.146 M
AS2	AS2 Askari Metals Ltd	0.011	-0.001	-8.333	0.012	0.011	335603	2.929 M
AUC	AUC Ausgold Ltd	0.470	0.005	1.075	0.470	0.465	201474	167.609 M
AX8	AX8 Accelerate Resources Ltd	0.010	0.000	0.000	0.010	0.010	25000	7.872 M
BC8	BC8 Black Cat Syndicate Ltd	0.840	0.040	5.000	0.850	0.785	4691093	496.681 M
BGD	BGD Barton Gold Holdings Ltd	0.310	0.010	3.333	0.320	0.310	118800	69.368 M
BGL	BGL Bellevue Gold Ltd	1.195	-0.015	-1.240	1.202	1.175	6610882	1,530.242 M
BHP	BHP BHP Group Limited	40.150	-0.830	-2.025	40.550	39.710	11492313	203,267.129 M
CAI	CAI Calidus Resources Ltd	--	--	--	--	--	--	93.678 M
CDT	CDT Castle Minerals Ltd	0.002	0.000	0.000	0.002	0.002	5100000	3.794 M
CLA	CLA Celsius Resources Ltd	0.011	0.000	0.000	0.011	0.010	1778034	29.362 M
COY	COY Coppermoly Ltd	0.014	0.000	0.000	0.014	0.014	100000	11.307 M
CWX	CWX Carawine Resources Limited	0.100	0.000	0.000	0.100	0.099	22864	23.613 M
CY5	CY5 Cygnus Metals Limited	0.135	-0.005	-3.571	0.140	0.135	83190	118.893 M
CYL	CYL Catalyst Metals Ltd	4.160	-0.070	-1.655	4.220	4.090	551349	933.314 M
CZN	CZN Corazon Mining Ltd	0.002	0.000	0.000	0.002	0.002	575058	2.369 M
DAF	DAF Discovery Africa Ltd	0.014	0.000	0.000	0.014	0.014	6250	3.279 M
DEG	DEG De Grey Mining Ltd	2.050	-0.010	-0.485	2.075	2.035	6427127	4,915.716 M
DGR	DGR DGR Global Ltd	0.009	0.000	0.000	0.009	0.008	1364798	9.393 M
EMR	EMR Emerald Resources NL	4.090	0.030	0.739	4.140	4.050	1934064	2,697.170 M
ENT	ENT Enterprise Metals Ltd	0.003	0.000	0.000	0.003	0.003	540000	3.535 M
ERM	ERM Emmerson Resources Ltd	0.110	-0.005	-4.348	0.115	0.110	152533	69.918 M
ESR	ESR Estrella Resources Ltd	0.031	0.000	0.000	0.032	0.031	3839632	65.025 M
FAU	FAU First Au Ltd	0.002	0.000	0.000	0.002	0.002	42967	4.144 M
FML	FML Focus Minerals Ltd	0.195	-0.015	-7.143	0.210	0.195	120268	55.879 M
G88	G88 Golden Mile Resources Ltd	0.010	-0.002	-16.667	0.011	0.010	2780444	5.274 M
GBZ	GBZ GBM Resources Ltd	0.008	0.000	0.000	0.008	0.008	1652801	9.369 M
GCR	GCR Golden Cross Resources Ltd	0.002	0.000	0.000	0.002	0.002	--	2.195 M
GES	GES Genesis Resources Ltd	0.005	0.000	0.000	0.005	0.005	739936	3.914 M
GRV	GRV Greenvale Energy Ltd	0.057	-0.008	-12.308	0.066	0.055	717908	27.265 M
GSN	GSN Great Southern Mining Ltd	0.024	-0.001	-4.000	0.025	0.023	663283	23.708 M
GTE	GTE Great Western Exploration Ltd	0.030	0.001	3.448	0.030	0.029	835134	16.915 M
GWR	GWR GWR Group Ltd	0.095	0.001	1.064	0.095	0.095	279574	30.516 M
HAV	HAV Havilah Resources Ltd	0.210	-0.010	-4.546	0.220	0.210	70936	71.244 M
HLX	HLX Helix Resources Ltd	0.004	0.001	33.333	0.004	0.003	9068048	13.457 M
HRN	HRN Horizon Gold Ltd	0.455	-0.075	-14.151	0.500	0.455	39000	65.902 M
HRZ	HRZ Horizon Minerals Limited	0.069	0.000	0.000	0.069	0.064	22113149	131.974 M
IEC	IEC Intra Energy Corporation	0.069	0.000	0.000	0.069	0.069	--	2.528 M
IPT	IPT Impact Minerals Ltd	0.009	-0.001	-10.000	0.010	0.009	293846	27.535 M
KCN	KCN Kingsgate Consolidated Ltd.	1.345	-0.050	-3.584	1.385	1.335	267474	345.388 M
KGD	KGD Kula Gold Ltd	0.005	-0.002	-28.571	0.007	0.005	4921462	4.258 M
KNB	KNB Koonenberry Gold Ltd	0.033	-0.001	-2.941	0.035	0.032	6848884	28.852 M
KRM	KRM Kingsrose Mining Ltd	0.035	-0.001	-2.778	0.035	0.035	113779	26.373 M
LCL	LCL LCL Resources Limited	0.010	0.001	11.111	0.011	0.009	5575228	11.948 M
LCY	LCY Legacy Iron Ore Ltd	0.010	0.000	0.000	0.010	0.010	54545	97.620 M
M3M	M3M M3 Mining Ltd	0.058	0.000	0.000	0.058	0.058	--	4.861 M
MDI	MDI Middle Island Resources Ltd	0.019	0.000	0.000	0.019	0.018	339764	5.189 M
MEU	MEU Marmota Energy Ltd	0.053	0.001	1.923	0.054	0.052	982940	63.629 M
MRR	MRR Minrex Resources Ltd	0.008	0.000	0.000	0.008	0.008	310624	8.679 M
MRZ	MRZ Mont Royal Resources Ltd	0.041	0.000	0.000	0.041	0.041	--	3.486 M
MVL	MVL Marvel Gold Ltd	0.011	0.000	0.000	0.011	0.011	--	9.502 M
MXR	MXR Maximus Resources Ltd	0.067	0.002	3.077	0.067	0.064	3910141	28.729 M
NME	NME Nex Metals Explorations Ltd	0.035	0.000	0.000	0.035	0.035	--	11.460 M
NML	NML Navarre Minerals Ltd	--	--	--	--	--	--	10.756 M
NPM	NPM New Peak Metals Limited	0.016	0.000	0.000	0.016	0.016	74106	5.153 M
NSM	NSM North Stawell Minerals Ltd	0.029	0.004	16.000	0.030	0.025	1878848	7.908 M
NWF	NWF Newfield Resources Ltd	0.089	0.000	0.000	0.089	0.089	--	83.723 M
OAR	OAR OAR Resources Ltd	--	--	--	--	--	--	6.125 M
OBM	OBM Ora Banda Mining Ltd	0.960	0.000	0.000	0.980	0.942	4141408	1,781.099 M
ORN	ORN Orion Minerals Ltd	0.014	0.000	0.000	0.014	0.014	5000	95.906 M
PEC	PEC Perpetual Resources Ltd	0.016	-0.002	-11.111	0.017	0.016	2368040	14.048 M
PNR	PNR Pantoro Ltd	0.140	-0.005	-3.448	0.145	0.137	33495783	916.472 M
PRU	PRU Perseus Mining Ltd	2.900	0.040	1.399	2.915	2.830	4477193	3,986.183 M
PRX	PRX Prodigy Gold NL	0.002	0.000	0.000	0.002	0.002	76500	6.350 M
PUA	PUA Peak Minerals Ltd	0.011	0.002	22.222	0.011	0.009	15838645	28.073 M
QML	QML QMines Ltd	0.052	0.000	0.000	0.052	0.048	1404098	17.873 M
RED	RED Red 5 Ltd	--	--	--	--	--	--	2,346.852 M
REZ	REZ Resources Energy Group Ltd	0.027	0.000	0.000	0.027	0.027	417512	18.134 M
RGL	RGL Riversgold Ltd	0.005	0.000	0.000	0.006	0.005	2427426	8.419 M
RHI	RHI Red Hill Iron Ltd	3.700	-0.030	-0.804	3.740	3.600	10547	232.142 M
RML	RML Resolution Minerals Ltd	0.009	0.000	0.000	0.009	0.009	400000	2.684 M
RMS	RMS Ramelius Resources Ltd	2.630	0.010	0.382	2.640	2.590	3157600	3,015.020 M
RND	RND Rand Mining Ltd	1.700	0.000	0.000	1.710	1.700	2960	96.689 M
RRL	RRL Regis Resources Ltd	3.070	-0.110	-3.459	3.190	3.020	3922564	2,319.318 M
RSG	RSG Resolute Mining Ltd	0.360	0.010	2.857	0.370	0.352	18622828	766.458 M
RTG	RTG RTG Mining Inc	0.019	-0.001	-5.000	0.020	0.019	821318	32.951 M
SBM	SBM St Barbara Ltd	0.260	-0.010	-3.704	0.270	0.257	2186422	281.541 M
SKY	SKY Sky Metals Ltd	0.052	0.002	4.000	0.052	0.048	250273	34.824 M
SMI	SMI Santana Minerals Ltd	0.600	0.025	4.348	0.600	0.570	325544	408.491 M
SPQ	SPQ Superior Resources Ltd	0.006	0.000	0.000	0.006	0.006	1170733	13.019 M
SRI	SRI Sipa Resources Ltd	0.012	0.000	0.000	0.012	0.012	496648	4.997 M
STN	STN Saturn Metals Ltd	0.235	-0.005	-2.083	0.240	0.235	79288	74.132 M
TG1	TG1 Techgen Metals Ltd	0.036	0.002	5.882	0.036	0.035	38811	5.712 M
TGM	TGM Theta Gold Mines Ltd	0.175	0.000	0.000	0.175	0.170	63822	148.650 M
TMX	TMX Terrain Minerals Ltd	0.004	-0.001	-20.000	0.004	0.004	750000	8.014 M
TOE	TOE Toro Energy Ltd	0.205	0.000	0.000	0.205	0.205	27502	24.658 M
TRM	TRM Truscott Mining Corp Ltd	0.072	-0.016	-18.182	0.080	0.072	93200	14.359 M
TTM	TTM Titan Minerals Ltd	0.495	-0.005	-1.000	0.500	0.485	526857	128.745 M
TZN	TZN Terramin Australia Ltd.	0.080	0.000	0.000	0.080	0.080	200019	169.325 M
CAY	CAY Canyon Resources Ltd	0.285	0.030	11.765	0.290	0.255	2047548	404.469 M
WAF	WAF West African Resources Ltd	1.745	0.030	1.749	1.755	1.695	2521048	1,983.217 M
WGR	WGR Western Gold Resources Ltd	0.074	0.000	0.000	0.074	0.070	1003843	15.168 M
WGX	WGX Westgold Resources Ltd	2.490	-0.020	-0.797	2.500	2.440	6470893	2,390.784 M
WMG	WMG Western Mines Group Ltd	0.125	-0.005	-3.846	0.135	0.125	72555	11.294 M
XAM	XAM Xanadu Mines Ltd	0.053	-0.001	-1.852	0.054	0.053	486326	101.347 M
WC8	WC8 Wildcat Resources Ltd	0.210	0.000	0.000	0.215	0.200	5202811	281.369 M
BCN	BCN Beacon Minerals Ltd	0.026	0.000	0.000	0.026	0.025	731740	92.980 M
BDM	BDM Burgundy Diamond Mines Ltd	0.059	-0.002	-3.279	0.062	0.059	1069274	85.280 M
GOR	GOR Gold Road Resources Ltd	2.610	-0.020	-0.761	2.650	2.590	4090177	2,818.452 M
YRL	YRL Yandal Resources Ltd	0.200	0.010	5.263	0.200	0.195	61924	61.847 M
TLM	TLM Talisman Mining Ltd	0.185	-0.005	-2.632	0.185	0.185	10000	34.839 M
AEE	AEE Aura Energy Ltd	0.120	-0.005	-4.000	0.125	0.117	155111	109.530 M
ZAG	ZAG Zuleika Gold Ltd	0.012	0.001	9.091	0.012	0.011	105277	8.903 M
ZIM	ZIM Zimplats Holdings Ltd	11.900	0.200	1.709	11.990	11.680	19215	1,279.816 M
A1M	A1M AIC Mines Limited	0.405	0.015	3.846	0.405	0.380	1984224	230.273 M

* Data powered by EODHD®. Data delayed 20 minutes unless otherwise indicated.

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Frequently Asked Questions

1. How can one invest in gold?

Most popularly, there are three major avenues to invest in gold – buying physical gold, purchasing gold exchange-traded fund (ETF), and trading in gold and its derivatives such as futures and options in the commodity market.

Physical gold can be purchased in the form of coins, bars, and bullions. For those who want to invest in gold without actually buying physical gold, ETFs could be a good option. ETFs are passive investment instruments which provide better flexibility and liquidity relative to buying physical gold. They also guarantee purity and hassle-free transaction with no burden of storage. Gold derivatives such as futures and options allow investors to buy or sell gold at a specific price for a certain period.

How does Fed fund rate affect gold prices?

Interest rates and gold prices are inversely corelated to each other. Rising Fed fund rates make fixed income and bond investments more attractive, as a result money flowing into higher-yielding investment increases, shifting investors' interest away from non-yielding investments such as gold. Contrarily, when interest rates trend lower, the inflow towards gold increases as investors don’t get good returns on their deposits and purchase gold by breaking their deposits, causing an increase in gold demand and pushing prices higher.

2. Why is gold called a safe-haven investment?

Gold has maintained its position as one of the major investment assets, backed by its rich history and value. For years, people have been investing in gold, driven by various factors. Gold holds some value as insurance against rough economic downturns.

Gold is commonly known as a safe-haven asset as it is negatively correlated with other assets. In times of market turbulence, when the prices of most assets decline, gold retains its value. Since gold does not easily corrode, it can be stored for many years without any concerns of it losing its properties. Investing in gold can provide a hedge against inflation. Furthermore, gold offers high liquidity thus making it attractive for big investors such as the institutions.

3. What is the correlation between gold and silver?

The gold-silver ratio is the most conventional form of expression that is being used to track the exchange rate. It is an expression of the gold and silver price relationship that shows the number of ounces of silver required to equate the value of one ounce of gold. For example, if the price of gold is US$500 per ounce and the price of silver is US$20 per ounce. Then the gold-silver ratio would be 25:1.

The rationale behind tracking the gold-silver ratio is that the prices of these two precious metals have a well-established correlation and they rarely deviate from each other.

4. Which are the most prominent gold mining areas in Australia?

As per the United States Geological Survey data, Australia holds the largest gold reserves in the world, followed by Russia and South Africa. The US contains the fourth largest gold reserves in the world.

In Australia, nearly 60% of gold deposits are concentrated in the Western Australia region while the remaining deposits are in Northern Territory and other states. The primary gold deposits in the country include those mined at Kalgoorlie in the Super Pit, St Ives, Granny Smith, Norseman, Callie, Mount Magnet, Gympie, Ravenswood, Stawell, Cadia, Henty, and Challenger. The Lachlan Fold Belt of NSW is the second-largest gold-producing region in Australia.