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Gold

2916.85 USD/oz 223.75 (8.31%) (Last updated - March 06, 2025 11:59 PM UTC )

Day High

1811.5

Day Low

1780.3

Previous Close

1791.95

52 Week Range

1677.9 - 2078.8

Change YTD

10.44%

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About

Performance USD/oz	Change
5 Day	9.43%
1 Month	9.56%
3 Months	9.37%
6 Months	18.58%
52 Week	36.18%

March 06, 2025 11:59 PM UTC

Data Powered by Stockdio. Data delayed by 5 minutes unless otherwise indicated.

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	0.425	0.000	0.000	0.425	0.405	2281729	244.665 M
A8G	A8G Australasian Metals Limited	0.080	0.000	0.000	0.080	0.080	1789	4.631 M
AAR	AAR Astral Resources NL	0.135	0.000	0.000	0.140	0.135	695475	167.827 M
AAU	AAU Antilles Gold Ltd	0.005	0.000	0.000	0.005	0.004	3008164	10.602 M
ADN	ADN Andromeda Metals Ltd	0.007	0.000	0.000	0.007	0.007	3207524	24.001 M
AEE	AEE Aura Energy Ltd	0.115	0.000	0.000	0.122	0.110	1895255	104.966 M
AGC	AGC Australian Gold and Copper Ltd	0.175	0.000	0.000	0.175	0.175	52266	44.905 M
AIS	AIS Aeris Resources Ltd	0.165	0.000	0.000	0.170	0.160	1703763	159.769 M
ALK	ALK Alkane Resources Ltd	0.640	0.000	0.000	0.640	0.615	1083542	387.547 M
AOA	AOA Ausmon Resources Ltd	0.002	0.000	0.000	0.002	0.002	--	2.410 M
APC	APC Australian Potash Ltd	0.012	0.000	0.000	0.015	0.012	2037635	1.640 M
ARD	ARD Argent Minerals Ltd	0.019	0.000	0.000	0.020	0.019	3331519	27.467 M
ARL	ARL Ardea Resources Ltd	0.430	0.000	0.000	0.440	0.430	13116	85.864 M
ARN	ARN Aldoro Resources Ltd	0.365	0.000	0.000	0.370	0.360	51625	64.755 M
AS2	AS2 Askari Metals Ltd	0.011	0.000	0.000	0.011	0.011	500000	2.990 M
AUC	AUC Ausgold Ltd	0.485	0.000	0.000	0.500	0.460	1053899	178.308 M
AUN	AUN Aurumin Ltd	0.065	0.000	0.000	0.065	0.065	437375	32.127 M
AX8	AX8 Accelerate Resources Ltd	0.009	0.000	0.000	0.009	0.008	260460	7.085 M
AZL	AZL Arizona Lithium Ltd	0.009	0.000	0.000	0.009	0.008	1679081	36.495 M
BC8	BC8 Black Cat Syndicate Ltd	0.915	0.000	0.000	0.920	0.855	5855755	538.732 M
BCN	BCN Beacon Minerals Ltd	0.024	0.000	0.000	0.025	0.024	3585590	101.433 M
BDM	BDM Burgundy Diamond Mines Ltd	0.046	0.000	0.000	0.049	0.046	735258	65.395 M
BEZ	BEZ Besra Gold Inc	0.029	0.000	0.000	0.030	0.029	1048629	23.414 M
BGD	BGD Barton Gold Holdings Ltd	0.300	0.000	0.000	0.302	0.295	85982	65.648 M
BGL	BGL Bellevue Gold Ltd	1.315	0.000	0.000	1.315	1.240	10496217	1,688.145 M
BHP	BHP BHP Group Limited	39.230	0.000	0.000	42.155	38.970	12681608	198,999.671 M
BMO	BMO Bastion Minerals Ltd	0.004	0.000	0.000	0.004	0.004	--	3.379 M
BNR	BNR Bulletin Resources Ltd	0.045	0.000	0.000	0.045	0.043	65003	13.213 M
BNZ	BNZ Benz Mining Corp	0.395	0.000	0.000	0.395	0.395	94343	73.992 M
BRX	BRX Belararox Ltd	0.095	0.000	0.000	0.095	0.089	148997	13.677 M
BSX	BSX Blackstone Minerals Ltd	0.078	0.000	0.000	0.084	0.073	3098041	52.973 M
CAY	CAY Canyon Resources Ltd	0.250	0.000	0.000	0.250	0.240	491945	354.798 M
CDT	CDT Castle Minerals Ltd	0.002	0.000	0.000	0.002	0.002	1407577	3.794 M
CHN	CHN Chalice Mining Limited	1.425	0.000	0.000	1.455	1.402	2974949	554.364 M
CLA	CLA Celsius Resources Ltd	0.011	0.000	0.000	0.011	0.010	1063197	29.362 M
CLZ	CLZ Classic Minerals Ltd	0.001	0.000	0.000	0.001	0.001	--	1.544 M
CMM	CMM Capricorn Metals Ltd	8.010	0.000	0.000	8.050	7.650	1132627	3,116.168 M
COY	COY Coppermoly Ltd	0.015	0.000	0.000	0.015	0.015	6	13.165 M
CST	CST Castile Resources Ltd	0.060	0.000	0.000	0.060	0.060	82000	17.999 M
CWX	CWX Carawine Resources Limited	0.096	0.001	1.053	0.097	0.096	526	22.668 M
CY5	CY5 Cygnus Metals Limited	0.120	0.000	0.000	0.125	0.120	981632	101.908 M
CYL	CYL Catalyst Metals Ltd	4.270	0.000	0.000	4.330	4.050	1059331	931.054 M
CZN	CZN Corazon Mining Ltd	0.002	0.000	0.000	0.002	0.002	555014	2.369 M
DAF	DAF Discovery Africa Ltd	0.013	0.000	0.000	0.013	0.013	--	3.045 M
DEG	DEG De Grey Mining Ltd	2.060	0.000	0.000	2.060	2.015	10968858	4,855.869 M
DGR	DGR DGR Global Ltd	0.009	0.000	0.000	0.009	0.009	150000	9.393 M
DTR	DTR Dateline Resources Ltd	0.003	0.000	0.000	0.003	0.003	43750	10.262 M
EMR	EMR Emerald Resources NL	4.010	0.000	0.000	4.010	3.920	1016694	2,634.751 M
ENT	ENT Enterprise Metals Ltd	0.003	0.000	0.000	0.003	0.003	--	3.535 M
EQR	EQR EQ Resources Ltd	0.046	0.000	0.000	0.046	0.044	291916	108.561 M
ERM	ERM Emmerson Resources Ltd	0.110	0.000	0.000	0.115	0.105	287233	69.918 M
ESR	ESR Estrella Resources Ltd	0.026	0.000	0.000	0.027	0.026	1756707	53.350 M
EVN	EVN Evolution Mining Ltd	6.500	0.000	0.000	6.540	6.360	6781123	12,930.711 M
FAU	FAU First Au Ltd	0.003	0.000	0.000	0.003	0.003	200	6.216 M
FML	FML Focus Minerals Ltd	0.205	0.000	0.000	0.205	0.200	32849	58.745 M
G88	G88 Golden Mile Resources Ltd	0.009	0.000	0.000	0.009	0.009	229101	4.898 M
GBZ	GBZ GBM Resources Ltd	0.007	0.000	0.000	0.007	0.007	32555	8.198 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	0.009	0.000	0.000	0.009	0.009	248750	7.046 M
GMD	GMD Genesis Minerals Ltd	3.260	0.000	0.000	3.270	3.175	4437178	3,682.789 M
GML	GML Gateway Mining Ltd	0.021	0.000	0.000	0.021	0.021	--	8.585 M
GMN	GMN Gold Mountain Ltd	0.002	0.000	0.000	0.002	0.001	3799398	9.158 M
GOR	GOR Gold Road Resources Ltd	2.580	0.000	0.000	2.580	2.525	4460890	2,799.713 M
GRV	GRV Greenvale Energy Ltd	0.067	-0.003	-4.286	0.070	0.067	718865	32.621 M
GSN	GSN Great Southern Mining Ltd	0.022	0.000	0.000	0.022	0.022	1000100	21.732 M
GTE	GTE Great Western Exploration Ltd	0.027	0.000	0.000	0.027	0.027	903	15.223 M
GWR	GWR GWR Group Ltd	0.086	0.000	0.000	0.089	0.086	304518	27.625 M
HAV	HAV Havilah Resources Ltd	0.205	0.000	0.000	0.207	0.200	66201	69.548 M
HLX	HLX Helix Resources Ltd	0.002	0.000	0.000	0.003	0.002	2730016	6.728 M
HRN	HRN Horizon Gold Ltd	0.395	0.000	0.000	0.395	0.395	11632	57.212 M
HRZ	HRZ Horizon Minerals Limited	0.061	0.000	0.000	0.063	0.060	4589171	132.681 M
IBG	IBG Ironbark Zinc Ltd	0.240	0.000	0.000	0.245	0.235	177353	17.929 M
IEC	IEC Intra Energy Corporation	--	--	--	--	--	--	2.528 M
IPT	IPT Impact Minerals Ltd	0.007	0.000	0.000	0.007	0.007	652277	21.416 M
IXR	IXR Ionic Rare Earths Ltd	0.006	0.000	0.000	0.006	0.006	440191	31.431 M
KCN	KCN Kingsgate Consolidated Ltd.	1.370	0.000	0.000	1.400	1.325	848039	353.120 M
KGD	KGD Kula Gold Ltd	0.005	0.000	0.000	0.005	0.005	--	3.685 M
KNB	KNB Koonenberry Gold Ltd	0.030	0.000	0.000	0.031	0.030	926002	28.229 M
KRM	KRM Kingsrose Mining Ltd	0.036	0.000	0.000	0.036	0.034	263214	27.127 M
LCL	LCL LCL Resources Limited	0.009	0.000	0.000	0.009	0.009	7110	10.753 M
LCY	LCY Legacy Iron Ore Ltd	0.010	0.000	0.000	0.010	0.009	1073216	97.620 M
LEX	LEX Lefroy Exploration Ltd	0.088	0.000	0.000	0.088	0.087	53724	21.364 M
LKY	LKY Locksley Resources Ltd	0.017	0.000	0.000	0.017	0.017	177158	2.493 M
M3M	M3M M3 Mining Ltd	0.048	0.000	0.000	0.048	0.048	102594	4.023 M
MAT	MAT Matsa Resources Ltd	0.056	0.000	0.000	0.057	0.056	730999	41.026 M
MDI	MDI Middle Island Resources Ltd	0.016	0.000	0.000	0.017	0.016	51250	4.409 M
MEG	MEG Megado Minerals Limited	0.014	0.000	0.000	0.014	0.014	1185712	5.876 M
MEU	MEU Marmota Energy Ltd	0.048	0.000	0.000	0.049	0.048	602226	56.559 M
MKR	MKR Manuka Resources Ltd	0.028	0.000	0.000	0.029	0.028	366220	22.702 M
MRR	MRR Minrex Resources Ltd	0.007	0.000	0.000	0.008	0.007	31303	7.594 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	0.010	0.000	0.000	0.010	0.010	554905	8.638 M
MXR	MXR Maximus Resources Ltd	0.065	0.001	1.563	0.066	0.065	3094073	27.782 M
NAG	NAG Nagambie Mining Ltd	0.015	0.000	0.000	0.015	0.015	325000	12.050 M
NME	NME Nex Metals Explorations Ltd	0.031	0.000	0.000	0.031	0.031	--	10.151 M
NML	NML Navarre Minerals Ltd	--	--	--	--	--	--	10.756 M
NPM	NPM New Peak Metals Limited	0.014	0.002	16.667	0.014	0.014	2600	4.509 M
NSM	NSM North Stawell Minerals Ltd	0.030	0.000	0.000	0.030	0.028	311996	8.180 M
NST	NST Northern Star Resources Ltd	17.610	0.000	0.000	17.610	17.290	3445825	20,152.885 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	0.980	0.000	0.000	1.005	0.965	9474680	1,852.608 M
ORN	ORN Orion Minerals Ltd	0.015	0.000	0.000	0.016	0.015	162435	109.607 M
OZM	OZM Ozaurum Resources Ltd	0.067	0.000	0.000	0.069	0.065	1038678	13.231 M
PEC	PEC Perpetual Resources Ltd	0.015	0.000	0.000	0.016	0.015	1313406	13.222 M
PGD	PGD Peregrine Gold Ltd	0.130	0.000	0.000	0.130	0.120	80000	10.330 M
PNR	PNR Pantoro Ltd	0.140	0.000	0.000	0.145	0.135	11558121	917.200 M
PRU	PRU Perseus Mining Ltd	3.120	0.000	0.000	3.120	3.050	3560025	4,281.201 M
PRX	PRX Prodigy Gold NL	0.002	0.000	0.000	0.002	0.002	506	6.350 M
PTR	PTR Petratherm Ltd	0.235	0.000	0.000	0.235	0.235	--	72.802 M
PUA	PUA Peak Minerals Ltd	0.010	0.001	11.111	0.010	0.009	3858006	26.319 M
QML	QML QMines Ltd	0.044	0.000	0.000	0.045	0.044	137203	18.872 M
RCR	RCR Rincon Resources Ltd	0.011	0.000	0.000	0.012	0.011	292400	3.218 M
REZ	REZ Resources Energy Group Ltd	0.024	0.000	0.000	0.024	0.024	150063	16.119 M
RGL	RGL Riversgold Ltd	0.004	0.000	0.000	0.004	0.004	40000	6.735 M
RHI	RHI Red Hill Iron Ltd	3.520	0.000	0.000	3.520	3.480	4598	225.729 M
RML	RML Resolution Minerals Ltd	0.010	0.000	0.000	0.010	0.009	2289817	2.983 M
RMS	RMS Ramelius Resources Ltd	2.760	0.000	0.000	2.770	2.710	3211969	3,188.297 M
RND	RND Rand Mining Ltd	1.710	0.000	0.000	1.710	1.710	3000	97.258 M
RRL	RRL Regis Resources Ltd	3.260	0.000	0.000	3.260	3.200	4001195	2,462.858 M
RSG	RSG Resolute Mining Ltd	0.425	0.030	7.595	0.427	0.400	18124518	904.846 M
RTG	RTG RTG Mining Inc	0.025	0.000	0.000	0.034	0.025	37655343	30.474 M
SBM	SBM St Barbara Ltd	0.240	0.000	0.000	0.247	0.235	5226199	259.884 M
SFM	SFM Santa Fe Minerals Ltd	0.041	0.000	0.000	0.041	0.041	120	2.986 M
SFR	SFR Sandfire Resources NL	11.260	0.000	0.000	11.530	11.210	2855649	5,165.018 M
SKY	SKY Sky Metals Ltd	0.051	0.000	0.000	0.051	0.048	40844	35.535 M
SMI	SMI Santana Minerals Ltd	0.600	0.000	0.000	0.600	0.560	627250	423.532 M
SPQ	SPQ Superior Resources Ltd	0.007	0.000	0.000	0.007	0.007	75000	13.019 M
SRI	SRI Sipa Resources Ltd	0.011	0.000	0.000	0.011	0.011	19828	4.580 M
STN	STN Saturn Metals Ltd	0.200	0.000	0.000	0.220	0.200	172547	61.777 M
TAM	TAM Tanami Gold NL	0.029	0.000	0.000	0.029	0.028	327271	34.078 M
TBR	TBR Tribune Resources Ltd	4.850	0.000	0.000	4.780	4.780	2390	254.470 M
TG1	TG1 Techgen Metals Ltd	0.028	0.000	0.000	0.028	0.028	34325	4.443 M
TGM	TGM Theta Gold Mines Ltd	0.155	0.000	0.000	0.155	0.150	6931	131.662 M
TLM	TLM Talisman Mining Ltd	0.165	0.000	0.000	0.175	0.165	43902	31.073 M
TMX	TMX Terrain Minerals Ltd	0.004	0.000	0.000	0.004	0.004	997010	8.014 M
TOE	TOE Toro Energy Ltd	0.200	0.000	0.000	0.200	0.190	115548	24.056 M
TRM	TRM Truscott Mining Corp Ltd	0.070	0.000	0.000	0.070	0.070	10000	13.401 M
TTM	TTM Titan Minerals Ltd	0.420	0.000	0.000	0.425	0.415	49054	104.036 M
TZN	TZN Terramin Australia Ltd.	0.081	0.000	0.000	0.085	0.080	381531	171.441 M
WAF	WAF West African Resources Ltd	2.110	0.000	0.000	2.130	1.905	5670101	2,404.936 M
WC8	WC8 Wildcat Resources Ltd	0.195	0.000	0.000	0.195	0.187	3979497	261.271 M
WGR	WGR Western Gold Resources Ltd	0.065	-0.002	-2.985	0.068	0.065	266008	12.324 M
WGX	WGX Westgold Resources Ltd	2.530	0.000	0.000	2.550	2.470	5828655	2,324.766 M
WMG	WMG Western Mines Group Ltd	0.105	0.000	0.000	0.105	0.105	5048	9.487 M
XAM	XAM Xanadu Mines Ltd	0.049	0.000	0.000	0.051	0.048	192418	93.698 M
YRL	YRL Yandal Resources Ltd	0.150	0.000	0.000	0.160	0.150	227774	46.385 M
ZAG	ZAG Zuleika Gold Ltd	0.011	0.000	0.000	0.011	0.011	--	8.161 M
ZIM	ZIM Zimplats Holdings Ltd	11.700	0.000	0.000	12.100	11.530	3780	1,259.365 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.