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Gold

2654.7 USD/oz 57.65 (2.22%) (Last updated - January 03, 2025 10:37 PM UTC )

Day High

1811.5

Day Low

1780.3

Previous Close

1791.95

52 Week Range

1677.9 - 2078.8

Change YTD

29.95%

Risk Disclaimer

About

Performance USD/oz	Change
5 Day	4.42%
1 Month	4.61%
3 Months	13.12%
6 Months	22.85%
52 Week	29.95%

January 03, 2025 10:37 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
A1M	A1M AIC Mines Limited	0.345	0.005	1.471	0.345	0.340	177946	196.884 M
A8G	A8G Australasian Metals Limited	0.075	-0.004	-5.063	0.075	0.075	7462	3.909 M
AAR	AAR Astral Resources NL	0.130	-0.005	-3.704	0.140	0.130	1289041	161.611 M
AAU	AAU Antilles Gold Ltd	0.004	0.001	33.333	0.005	0.004	4567792	7.432 M
ADN	ADN Andromeda Metals Ltd	0.007	0.000	0.000	0.007	0.006	1793065	24.001 M
AEE	AEE Aura Energy Ltd	0.130	0.005	4.000	0.130	0.125	385622	118.657 M
AGC	AGC Australian Gold and Copper Ltd	0.155	0.005	3.333	0.155	0.150	29703	39.773 M
AIS	AIS Aeris Resources Ltd	0.175	0.000	0.000	0.180	0.170	194164	174.293 M
ALK	ALK Alkane Resources Ltd	0.530	0.020	3.922	0.530	0.510	387183	320.937 M
AOA	AOA Ausmon Resources Ltd	0.002	0.001	33.333	0.002	0.002	3402545	2.410 M
APC	APC Australian Potash Ltd	0.012	-0.002	-11.111	0.013	0.012	152143	1.328 M
ARD	ARD Argent Minerals Ltd	0.017	0.000	0.000	0.018	0.017	910278	24.576 M
ARL	ARL Ardea Resources Ltd	0.325	-0.010	-2.985	0.340	0.325	34642	64.897 M
ARN	ARN Aldoro Resources Ltd	0.360	-0.020	-5.263	0.380	0.340	550115	48.465 M
AS2	AS2 Askari Metals Ltd	0.011	-0.001	-8.333	0.011	0.011	88000	2.401 M
AUC	AUC Ausgold Ltd	0.420	0.000	0.000	0.430	0.417	184127	151.561 M
AUN	AUN Aurumin Ltd	0.066	0.000	0.000	0.066	0.066	113241	32.905 M
AX8	AX8 Accelerate Resources Ltd	0.007	0.000	0.000	0.007	0.007	--	4.635 M
AZL	AZL Arizona Lithium Ltd	0.013	0.001	4.000	0.013	0.012	1448412	58.160 M
BC8	BC8 Black Cat Syndicate Ltd	0.575	0.010	1.770	0.580	0.552	2818681	344.086 M
BCN	BCN Beacon Minerals Ltd	0.022	0.000	0.000	0.022	0.022	234376	92.980 M
BDM	BDM Burgundy Diamond Mines Ltd	0.089	0.000	0.000	0.090	0.085	264745	123.656 M
BEZ	BEZ Besra Gold Inc	0.089	-0.001	-1.111	0.093	0.087	300499	75.258 M
BGD	BGD Barton Gold Holdings Ltd	0.250	0.005	2.041	0.250	0.245	76229	54.706 M
BGL	BGL Bellevue Gold Ltd	1.135	0.010	0.889	1.135	1.107	2793070	1,452.800 M
BHP	BHP BHP Group Limited	39.960	0.410	1.037	39.985	39.490	4496134	202,607.985 M
BMO	BMO Bastion Minerals Ltd	0.004	0.000	0.000	0.004	0.004	--	3.379 M
BNR	BNR Bulletin Resources Ltd	0.037	-0.002	-5.128	0.037	0.037	12000	10.864 M
BNZ	BNZ Benz Mining Corp	0.345	0.000	0.000	0.345	0.345	5400	64.626 M
BRX	BRX Belararox Ltd	0.180	0.005	2.857	0.180	0.180	250000	25.898 M
BSX	BSX Blackstone Minerals Ltd	0.029	0.001	3.571	0.029	0.027	58994	17.255 M
CAI	CAI Calidus Resources Ltd	0.115	0.000	0.000	0.115	0.115	--	93.678 M
CAY	CAY Canyon Resources Ltd	0.175	-0.005	-2.778	0.185	0.175	488926	247.954 M
CDT	CDT Castle Minerals Ltd	0.002	0.000	0.000	0.002	0.002	201667	3.794 M
CHN	CHN Chalice Mining Limited	1.130	0.025	2.262	1.135	1.062	2454057	439.601 M
CLA	CLA Celsius Resources Ltd	0.010	-0.001	-9.091	0.010	0.010	140082	26.692 M
CLZ	CLZ Classic Minerals Ltd	0.001	0.000	0.000	0.001	0.001	--	1.544 M
CMM	CMM Capricorn Metals Ltd	6.280	0.000	0.000	6.340	6.210	353974	2,671.775 M
COY	COY Coppermoly Ltd	0.013	0.000	0.000	0.013	0.012	471250	9.200 M
CST	CST Castile Resources Ltd	0.071	-0.009	-11.250	0.071	0.068	71625	21.299 M
CWX	CWX Carawine Resources Limited	0.100	0.000	0.000	0.105	0.100	23962	23.613 M
CY5	CY5 Cygnus Metals Limited	0.115	0.015	15.000	0.120	0.105	581054	64.019 M
CYL	CYL Catalyst Metals Ltd	2.600	0.020	0.775	2.700	2.570	415519	603.377 M
CZN	CZN Corazon Mining Ltd	0.002	0.000	0.000	0.002	0.002	--	2.336 M
DAF	DAF Discovery Africa Ltd	0.016	0.002	14.286	0.016	0.015	166733	3.748 M
DEG	DEG De Grey Mining Ltd	1.790	0.025	1.416	1.795	1.765	1768958	4,290.200 M
DGR	DGR DGR Global Ltd	0.009	-0.001	-10.000	0.009	0.009	126190	9.393 M
DTR	DTR Dateline Resources Ltd	0.003	-0.001	-14.286	0.003	0.003	150000	7.549 M
EMR	EMR Emerald Resources NL	3.280	0.030	0.923	3.310	3.230	770331	2,155.108 M
ENT	ENT Enterprise Metals Ltd	0.004	0.000	0.000	0.004	0.004	--	4.713 M
EQR	EQR EQ Resources Ltd	0.040	-0.002	-4.762	0.041	0.040	1256504	93.401 M
ERM	ERM Emmerson Resources Ltd	0.079	0.002	2.597	0.079	0.076	1087616	50.214 M
ESR	ESR Estrella Resources Ltd	0.021	0.001	5.000	0.021	0.019	2027137	39.922 M
EVN	EVN Evolution Mining Ltd	4.840	0.030	0.624	4.880	4.800	2731893	9,628.406 M
FAU	FAU First Au Ltd	0.002	0.000	0.000	0.002	0.002	--	4.144 M
FML	FML Focus Minerals Ltd	0.170	0.000	0.000	0.170	0.170	2950	48.715 M
G88	G88 Golden Mile Resources Ltd	0.009	0.000	0.000	0.009	0.009	621011	4.255 M
GBZ	GBZ GBM Resources Ltd	0.008	0.000	0.000	0.008	0.008	125000	9.254 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	--	3.914 M
GMD	GMD Genesis Minerals Ltd	2.480	0.010	0.405	2.500	2.430	1070006	2,799.077 M
GML	GML Gateway Mining Ltd	0.021	0.000	0.000	0.021	0.021	150000	8.585 M
GMN	GMN Gold Mountain Ltd	0.003	0.000	0.000	0.003	0.003	700000	13.702 M
GOR	GOR Gold Road Resources Ltd	2.060	0.010	0.488	2.070	2.040	1712506	2,233.081 M
GRV	GRV Greenvale Energy Ltd	0.032	-0.002	-5.882	0.032	0.032	71497	15.580 M
GSN	GSN Great Southern Mining Ltd	0.016	0.001	6.667	0.016	0.016	7274	14.817 M
GTE	GTE Great Western Exploration Ltd	0.027	0.000	0.000	0.027	0.027	4	15.223 M
GWR	GWR GWR Group Ltd	0.080	0.000	0.000	0.080	0.080	12500	25.697 M
HAV	HAV Havilah Resources Ltd	0.220	-0.005	-2.222	0.225	0.215	31952	74.636 M
HLX	HLX Helix Resources Ltd	0.004	0.000	0.000	0.004	0.004	--	13.057 M
HRN	HRN Horizon Gold Ltd	0.495	0.015	3.125	0.495	0.480	10154	72.420 M
HRZ	HRZ Horizon Minerals Limited	0.043	0.003	7.500	0.043	0.041	2926561	61.476 M
IBG	IBG Ironbark Zinc Ltd	0.300	0.020	7.143	0.300	0.300	--	0.044 M
IEC	IEC Intra Energy Corporation	0.070	0.000	0.000	0.070	0.070	110240	2.528 M
IPT	IPT Impact Minerals Ltd	0.010	0.000	0.000	0.010	0.010	63972	30.594 M
IXR	IXR Ionic Rare Earths Ltd	0.007	0.000	0.000	0.007	0.007	1175187	36.599 M
KCN	KCN Kingsgate Consolidated Ltd.	1.290	0.005	0.389	1.310	1.260	334532	332.500 M
KGD	KGD Kula Gold Ltd	0.006	0.000	0.000	0.006	0.006	170000	3.859 M
KNB	KNB Koonenberry Gold Ltd	0.015	0.002	15.385	0.015	0.014	1620591	13.114 M
KRM	KRM Kingsrose Mining Ltd	0.034	-0.001	-2.857	0.035	0.034	138417	25.620 M
LCL	LCL LCL Resources Limited	0.010	0.000	0.000	0.010	0.010	--	11.948 M
LCY	LCY Legacy Iron Ore Ltd	0.009	-0.001	-10.000	0.009	0.009	352829	97.620 M
LEX	LEX Lefroy Exploration Ltd	0.071	0.001	1.429	0.071	0.070	11737	17.364 M
LKY	LKY Locksley Resources Ltd	0.016	-0.001	-5.882	0.016	0.016	240000	2.347 M
M3M	M3M M3 Mining Ltd	0.038	0.003	8.571	0.038	0.038	72388	3.185 M
MAT	MAT Matsa Resources Ltd	0.035	-0.001	-2.778	0.035	0.035	21000	22.753 M
MDI	MDI Middle Island Resources Ltd	0.012	0.000	0.000	0.012	0.012	--	3.277 M
MEG	MEG Megado Minerals Limited	0.015	-0.002	-11.765	0.015	0.015	100164	7.135 M
MEU	MEU Marmota Energy Ltd	0.039	0.000	0.000	0.039	0.039	230515	42.377 M
MKG	MKG Mako Gold Ltd	0.013	0.000	0.000	0.013	0.013	300000	12.826 M
MKR	MKR Manuka Resources Ltd	0.028	0.000	0.000	0.028	0.027	130135	22.702 M
MRR	MRR Minrex Resources Ltd	0.007	-0.001	-12.500	0.007	0.007	14	7.594 M
MRZ	MRZ Mont Royal Resources Ltd	0.043	0.000	0.000	0.043	0.043	--	3.656 M
MVL	MVL Marvel Gold Ltd	0.009	0.000	0.000	0.009	0.009	2858071	7.774 M
MXR	MXR Maximus Resources Ltd	0.058	-0.001	-1.695	0.059	0.058	905067	24.820 M
NAG	NAG Nagambie Mining Ltd	0.018	0.000	0.000	0.018	0.018	135301	14.459 M
NME	NME Nex Metals Explorations Ltd	0.033	-0.005	-13.158	0.035	0.033	282908	8.985 M
NML	NML Navarre Minerals Ltd	0.135	0.000	0.000	0.145	0.135	7019	10.756 M
NPM	NPM New Peak Metals Limited	0.011	0.000	0.000	0.011	0.011	--	3.360 M
NSM	NSM North Stawell Minerals Ltd	0.016	0.000	0.000	0.016	0.016	--	4.363 M
NST	NST Northern Star Resources Ltd	15.450	0.010	0.065	15.540	15.340	1237377	17,762.556 M
NWF	NWF Newfield Resources Ltd	0.089	0.000	0.000	0.089	0.089	--	83.723 M
OAR	OAR OAR Resources Ltd	0.025	0.000	0.000	0.025	0.025	--	6.125 M
OBM	OBM Ora Banda Mining Ltd	0.660	0.010	1.539	0.675	0.642	4395164	1,250.719 M
ORN	ORN Orion Minerals Ltd	0.015	0.000	0.000	0.015	0.015	--	102.574 M
OZM	OZM Ozaurum Resources Ltd	0.030	0.000	0.000	0.030	0.030	16656	4.763 M
PEC	PEC Perpetual Resources Ltd	0.013	0.000	0.000	0.013	0.012	653681	9.916 M
PGD	PGD Peregrine Gold Ltd	0.130	-0.010	-7.143	0.130	0.120	40712	8.824 M
PNR	PNR Pantoro Ltd	0.091	0.001	1.111	0.092	0.088	4958142	587.317 M
PRU	PRU Perseus Mining Ltd	2.610	0.040	1.556	2.620	2.565	1823817	3,591.412 M
PRX	PRX Prodigy Gold NL	0.002	0.000	0.000	0.002	0.002	1000000	6.350 M
PTR	PTR Petratherm Ltd	0.335	0.030	9.836	0.350	0.315	1289186	103.581 M
PUA	PUA Peak Minerals Ltd	0.008	0.000	0.000	0.008	0.007	4288421	20.417 M
QML	QML QMines Ltd	0.056	0.002	3.704	0.056	0.053	245099	19.248 M
RCR	RCR Rincon Resources Ltd	0.012	0.001	9.091	0.012	0.011	650524	3.511 M
RED	RED Red 5 Ltd	--	--	--	--	--	--	2,346.852 M
REZ	REZ Resources Energy Group Ltd	0.025	0.002	8.696	0.025	0.023	752051	16.791 M
RGL	RGL Riversgold Ltd	0.004	0.000	0.000	0.004	0.004	--	6.735 M
RHI	RHI Red Hill Iron Ltd	4.120	0.010	0.243	4.190	4.100	10134	268.695 M
RML	RML Resolution Minerals Ltd	0.012	0.000	0.000	0.012	0.012	448089	2.705 M
RMS	RMS Ramelius Resources Ltd	2.110	0.040	1.932	2.110	2.070	1755409	2,437.092 M
RND	RND Rand Mining Ltd	1.450	-0.065	-4.290	1.505	1.450	1202	82.470 M
RRL	RRL Regis Resources Ltd	2.580	0.030	1.177	2.600	2.555	1024022	1,949.133 M
RSG	RSG Resolute Mining Ltd	0.405	0.010	2.532	0.405	0.385	10485586	862.265 M
RTG	RTG RTG Mining Inc	0.025	0.000	0.000	0.025	0.025	277082	46.034 M
SBM	SBM St Barbara Ltd	0.235	0.010	4.444	0.240	0.225	4163123	254.470 M
SFM	SFM Santa Fe Minerals Ltd	0.031	0.000	0.000	0.031	0.031	--	2.257 M
SFR	SFR Sandfire Resources NL	9.310	0.030	0.323	9.390	9.160	659048	4,270.544 M
SKY	SKY Sky Metals Ltd	0.054	0.000	0.000	0.054	0.052	76771	38.378 M
SMI	SMI Santana Minerals Ltd	0.460	-0.025	-5.155	0.495	0.450	485859	303.995 M
SPQ	SPQ Superior Resources Ltd	0.007	0.001	16.667	0.007	0.006	226433	15.189 M
SRI	SRI Sipa Resources Ltd	0.013	0.001	8.333	0.013	0.012	588756	3.704 M
STN	STN Saturn Metals Ltd	0.212	0.007	3.415	0.220	0.212	7592	65.484 M
TAM	TAM Tanami Gold NL	0.031	0.001	3.333	0.031	0.031	142161	36.428 M
TBR	TBR Tribune Resources Ltd	4.280	-0.010	-0.233	4.280	4.200	636	224.564 M
TG1	TG1 Techgen Metals Ltd	0.034	0.001	3.030	0.034	0.034	48975	5.395 M
TGM	TGM Theta Gold Mines Ltd	0.180	0.000	0.000	0.180	0.180	2000	152.897 M
TLM	TLM Talisman Mining Ltd	0.215	0.010	4.878	0.220	0.215	2311	40.489 M
TMX	TMX Terrain Minerals Ltd	0.003	0.000	0.000	0.003	0.003	177466	5.432 M
TOE	TOE Toro Energy Ltd	0.220	-0.005	-2.222	0.225	0.220	210506	26.462 M
TRM	TRM Truscott Mining Corp Ltd	0.077	-0.001	-1.282	0.077	0.077	500000	14.933 M
TTM	TTM Titan Minerals Ltd	0.380	0.000	0.000	0.380	0.360	410255	92.417 M
TZN	TZN Terramin Australia Ltd.	0.090	-0.001	-1.099	0.090	0.090	699	190.490 M
WAF	WAF West African Resources Ltd	1.465	0.030	2.091	1.475	1.430	1428783	1,669.778 M
WC8	WC8 Wildcat Resources Ltd	0.270	-0.005	-1.818	0.277	0.252	3517634	359.716 M
WGR	WGR Western Gold Resources Ltd	0.034	0.002	6.250	0.034	0.032	328442	5.451 M
WGX	WGX Westgold Resources Ltd	2.890	0.060	2.120	2.900	2.840	1859595	2,772.743 M
WMG	WMG Western Mines Group Ltd	0.140	-0.010	-6.667	0.145	0.140	160634	12.650 M
XAM	XAM Xanadu Mines Ltd	0.048	-0.001	-2.041	0.048	0.048	6250	90.513 M
YRL	YRL Yandal Resources Ltd	0.175	0.000	0.000	0.175	0.175	241368	54.116 M
ZAG	ZAG Zuleika Gold Ltd	0.013	0.000	0.000	0.013	0.013	280000	9.644 M
ZIM	ZIM Zimplats Holdings Ltd	13.100	-0.010	-0.076	13.360	13.100	1377	1,410.058 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.