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Gold

3344 USD/oz -50.59 (-1.49%) (Last updated - May 09, 2025 08:58 PM UTC )

Day High

1811.5

Day Low

1780.3

Previous Close

1791.95

52 Week Range

1677.9 - 2078.8

Change YTD

26.62%

Risk Disclaimer

About

Performance USD/oz	Change
5 Day	0.75%
1 Month	10.17%
3 Months	15.59%
6 Months	23.59%
52 Week	42.24%

May 09, 2025 08:58 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
BC8	BC8 Black Cat Syndicate Ltd	0.960	-0.035	-3.518	0.980	0.935	4759874	638.023 M
ARL	ARL Ardea Resources Ltd	0.420	0.005	1.205	0.420	0.400	58645	87.321 M
ENT	ENT Enterprise Metals Ltd	0.002	-0.001	-20.000	0.002	0.002	1	2.357 M
BRX	BRX Belararox Ltd	0.080	0.000	0.000	0.082	0.079	73095	13.461 M
AAR	AAR Astral Resources NL	0.160	0.000	0.000	0.160	0.155	1263672	209.763 M
AAU	AAU Antilles Gold Ltd	0.004	0.000	0.000	0.004	0.004	875743	8.506 M
ADN	ADN Andromeda Metals Ltd	0.017	0.000	0.000	0.017	0.017	--	61.717 M
AGC	AGC Australian Gold and Copper Ltd	0.145	-0.010	-6.452	0.160	0.145	45155	38.490 M
ALK	ALK Alkane Resources Ltd	0.790	-0.020	-2.469	0.805	0.782	1657388	481.406 M
AOA	AOA Ausmon Resources Ltd	0.002	0.000	0.000	0.002	0.002	9999	2.853 M
APC	APC Australian Potash Ltd	0.009	0.000	0.000	0.009	0.009	35885	2.636 M
ARD	ARD Argent Minerals Ltd	0.020	-0.001	-4.762	0.021	0.020	2053489	31.804 M
ARN	ARN Aldoro Resources Ltd	0.365	-0.020	-5.195	0.385	0.365	489106	53.224 M
AS2	AS2 Askari Metals Ltd	0.010	0.001	11.111	0.010	0.009	2000087	2.499 M
AUC	AUC Ausgold Ltd	0.645	0.010	1.575	0.650	0.615	768617	187.398 M
AX8	AX8 Accelerate Resources Ltd	0.009	0.000	0.000	0.009	0.009	73111	5.510 M
AZL	AZL Arizona Lithium Ltd	0.010	0.000	0.000	0.013	0.010	73895444	41.056 M
BCN	BCN Beacon Minerals Ltd	0.028	0.000	0.000	0.028	0.027	3096853	109.886 M
BGD	BGD Barton Gold Holdings Ltd	0.555	-0.010	-1.770	0.570	0.540	772353	111.652 M
BGL	BGL Bellevue Gold Ltd	0.975	0.005	0.516	0.975	0.950	7660007	1,358.224 M
BHP	BHP BHP Group Limited	37.540	-0.380	-1.002	37.680	37.370	7117999	193,245.725 M
BMO	BMO Bastion Minerals Ltd	0.003	0.000	0.000	0.003	0.003	--	2.711 M
BNR	BNR Bulletin Resources Ltd	0.076	-0.001	-1.299	0.078	0.076	476560	21.140 M
BNZ	BNZ Benz Mining Corp	0.385	0.010	2.667	0.385	0.375	92999	82.611 M
CDT	CDT Castle Minerals Ltd	0.071	0.011	18.333	0.071	0.060	6486188	6.381 M
CHN	CHN Chalice Mining Limited	1.130	0.025	2.262	1.130	1.070	3173280	425.985 M
CLA	CLA Celsius Resources Ltd	0.008	0.001	14.286	0.008	0.007	3367810	20.353 M
COY	COY Coppermoly Ltd	0.013	0.000	0.000	0.013	0.013	--	11.475 M
CST	CST Castile Resources Ltd	0.075	0.000	0.000	0.075	0.073	72905	22.625 M
CWX	CWX Carawine Resources Limited	0.097	0.000	0.000	0.097	0.097	5455	22.904 M
CY5	CY5 Cygnus Metals Limited	0.084	-0.001	-1.177	0.090	0.082	540498	66.264 M
CYL	CYL Catalyst Metals Ltd	6.080	-0.240	-3.798	6.230	5.760	1220758	1,275.364 M
CZN	CZN Corazon Mining Ltd	0.002	0.000	0.000	0.002	0.002	1717612	2.369 M
DAF	DAF Discovery Africa Ltd	0.011	0.000	0.000	0.011	0.011	--	2.577 M
DEG	DEG De Grey Mining Ltd	2.460	0.000	0.000	2.460	2.460	--	5,915.070 M
DGR	DGR DGR Global Ltd	0.004	0.000	0.000	0.004	0.004	--	5.219 M
DTR	DTR Dateline Resources Ltd	0.036	-0.004	-10.000	0.038	0.034	77878977	60.843 M
EQR	EQR EQ Resources Ltd	0.043	-0.001	-2.273	0.044	0.043	110000	106.201 M
ERM	ERM Emmerson Resources Ltd	0.140	-0.010	-6.667	0.150	0.135	168041	85.809 M
ESR	ESR Estrella Resources Ltd	0.036	-0.001	-2.703	0.038	0.035	2036604	65.662 M
EVN	EVN Evolution Mining Ltd	8.630	-0.010	-0.116	8.630	8.370	7243656	16,259.326 M
FAU	FAU First Au Ltd	0.003	0.000	0.000	0.003	0.003	--	4.144 M
FML	FML Focus Minerals Ltd	0.240	0.020	9.091	0.240	0.220	125684	65.909 M
G88	G88 Golden Mile Resources Ltd	0.011	-0.001	-8.333	0.012	0.011	3448922	5.987 M
GBZ	GBZ GBM Resources Ltd	0.009	0.000	0.000	0.009	0.008	83492	10.540 M
GCR	GCR Golden Cross Resources Ltd	0.002	0.000	0.000	0.002	0.002	--	2.195 M
GMD	GMD Genesis Minerals Ltd	4.360	0.010	0.230	4.370	4.220	2817943	4,428.385 M
GML	GML Gateway Mining Ltd	0.029	0.000	0.000	0.031	0.029	154658	12.265 M
GMN	GMN Gold Mountain Ltd	0.002	0.000	0.000	0.002	0.002	11654	9.592 M
GRV	GRV Greenvale Energy Ltd	0.052	0.003	6.122	0.055	0.048	1710206	23.072 M
GSN	GSN Great Southern Mining Ltd	0.022	-0.001	-4.348	0.022	0.022	235954	19.936 M
GTE	GTE Great Western Exploration Ltd	0.017	-0.001	-5.556	0.018	0.017	1117242	8.516 M
HLX	HLX Helix Resources Ltd	0.003	0.000	0.000	0.003	0.003	--	6.728 M
HRZ	HRZ Horizon Minerals Limited	0.058	0.000	0.000	0.058	0.055	4218267	121.995 M
IPT	IPT Impact Minerals Ltd	0.006	0.000	0.000	0.006	0.006	653372	25.919 M
IXR	IXR Ionic Rare Earths Ltd	0.007	0.000	0.000	0.008	0.007	3111727	36.669 M
KCN	KCN Kingsgate Consolidated Ltd.	2.080	0.020	0.971	2.080	1.967	1348826	481.996 M
KGD	KGD Kula Gold Ltd	0.008	0.000	0.000	0.008	0.007	1367697	8.291 M
KNB	KNB Koonenberry Gold Ltd	0.085	0.006	7.595	0.088	0.080	35303419	81.863 M
KRM	KRM Kingsrose Mining Ltd	0.033	0.001	3.125	0.033	0.031	464937	24.113 M
LCL	LCL LCL Resources Limited	0.007	0.000	0.000	0.007	0.007	803971	8.364 M
LCY	LCY Legacy Iron Ore Ltd	0.008	0.000	0.000	0.008	0.008	--	87.858 M
LEX	LEX Lefroy Exploration Ltd	0.080	0.004	5.263	0.080	0.076	412357	18.880 M
LKY	LKY Locksley Resources Ltd	0.042	-0.001	-2.326	0.049	0.040	31422510	3.227 M
M3M	M3M M3 Mining Ltd	0.033	0.000	0.000	0.033	0.033	--	2.766 M
MDI	MDI Middle Island Resources Ltd	0.018	-0.003	-14.286	0.018	0.018	782231	5.235 M
MEG	MEG Megado Minerals Limited	0.011	0.000	0.000	0.011	0.011	169698	4.617 M
MEU	MEU Marmota Energy Ltd	0.041	0.000	0.000	0.042	0.041	150879	50.667 M
MKR	MKR Manuka Resources Ltd	0.035	0.000	0.000	0.037	0.033	420579	24.323 M
MRR	MRR Minrex Resources Ltd	0.008	0.000	0.000	0.008	0.008	132500	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	0.015	0.001	7.143	0.015	0.014	450692	15.116 M
NAG	NAG Nagambie Mining Ltd	0.022	0.001	4.762	0.022	0.020	561344	15.263 M
NME	NME Nex Metals Explorations Ltd	0.027	-0.002	-6.897	0.028	0.026	239052	8.841 M
NPM	NPM New Peak Metals Limited	0.013	0.001	8.333	0.013	0.013	76987	3.865 M
NSM	NSM North Stawell Minerals Ltd	0.043	0.000	0.000	0.043	0.041	109121	12.316 M
NST	NST Northern Star Resources Ltd	19.770	-0.120	-0.603	20.010	19.530	5887637	21,936.423 M
NWF	NWF Newfield Resources Ltd	0.089	0.000	0.000	0.089	0.089	--	83.723 M
OBM	OBM Ora Banda Mining Ltd	1.105	-0.065	-5.556	1.140	1.085	6137916	2,024.644 M
ORN	ORN Orion Minerals Ltd	0.012	0.001	9.091	0.012	0.011	70010	89.056 M
OZM	OZM Ozaurum Resources Ltd	0.082	0.001	1.235	0.084	0.078	2715020	20.976 M
PEC	PEC Perpetual Resources Ltd	0.013	0.000	0.000	0.013	0.013	1288343	10.822 M
PGD	PGD Peregrine Gold Ltd	0.150	0.000	0.000	0.150	0.150	20588	12.303 M
PNR	PNR Pantoro Ltd	3.260	-0.050	-1.511	3.310	3.100	1272330	1,195.019 M
PRU	PRU Perseus Mining Ltd	3.610	-0.020	-0.551	3.620	3.540	3835350	4,833.551 M
PRX	PRX Prodigy Gold NL	0.002	0.000	0.000	0.002	0.002	1000	6.350 M
PTR	PTR Petratherm Ltd	0.300	0.010	3.448	0.300	0.285	182359	89.860 M
PUA	PUA Peak Minerals Ltd	0.013	0.000	0.000	0.013	0.013	--	30.881 M
QML	QML QMines Ltd	0.039	0.001	1.299	0.039	0.038	186726	16.727 M
RCR	RCR Rincon Resources Ltd	0.014	0.000	0.000	0.014	0.013	232294	3.803 M
REZ	REZ Resources Energy Group Ltd	0.019	-0.001	-5.000	0.019	0.019	5526	14.776 M
RGL	RGL Riversgold Ltd	0.004	-0.001	-20.000	0.005	0.004	788060	6.735 M
RHI	RHI Red Hill Iron Ltd	3.350	-0.010	-0.298	3.440	3.350	2800	214.828 M
RML	RML Resolution Minerals Ltd	0.009	-0.001	-10.000	0.010	0.009	1300000	4.206 M
RMS	RMS Ramelius Resources Ltd	2.870	-0.010	-0.347	2.890	2.775	5965682	3,233.443 M
RND	RND Rand Mining Ltd	1.910	0.000	0.000	1.915	1.910	2182	110.624 M
RRL	RRL Regis Resources Ltd	4.850	-0.010	-0.206	4.850	4.715	3493225	3,482.754 M
RSG	RSG Resolute Mining Ltd	0.600	-0.005	-0.826	0.605	0.582	9946153	1,175.236 M
RTG	RTG RTG Mining Inc	0.031	0.001	3.333	0.031	0.031	297425	44.670 M
SBM	SBM St Barbara Ltd	0.320	0.000	0.000	0.320	0.305	4021230	330.269 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	10.250	-0.090	-0.870	10.410	10.235	853752	4,722.368 M
SKY	SKY Sky Metals Ltd	0.048	0.000	0.000	0.048	0.047	504938	32.692 M
SMI	SMI Santana Minerals Ltd	0.575	0.000	0.000	0.575	0.555	710272	375.814 M
SPQ	SPQ Superior Resources Ltd	0.004	0.000	0.000	0.004	0.004	100000	9.484 M
SRI	SRI Sipa Resources Ltd	0.012	0.000	0.000	0.012	0.012	1001782	4.997 M
STN	STN Saturn Metals Ltd	0.275	-0.010	-3.509	0.285	0.275	631259	112.191 M
TAM	TAM Tanami Gold NL	0.036	-0.001	-2.703	0.036	0.036	86000	42.304 M
TBR	TBR Tribune Resources Ltd	5.120	0.000	0.000	5.200	5.120	1450	267.587 M
TG1	TG1 Techgen Metals Ltd	0.024	0.004	20.000	0.025	0.022	607703	3.808 M
TGM	TGM Theta Gold Mines Ltd	0.135	0.000	0.000	0.135	0.135	--	123.120 M
TMX	TMX Terrain Minerals Ltd	0.003	0.000	0.000	0.003	0.003	1790667	4.007 M
TTM	TTM Titan Minerals Ltd	0.400	-0.010	-2.439	0.400	0.390	312107	102.979 M
WAF	WAF West African Resources Ltd	2.510	0.000	0.000	2.520	2.420	3974402	2,644.359 M
WC8	WC8 Wildcat Resources Ltd	0.190	-0.015	-7.317	0.205	0.190	2018327	262.191 M
WGR	WGR Western Gold Resources Ltd	0.069	0.003	4.546	0.069	0.065	201146	14.031 M
WGX	WGX Westgold Resources Ltd	2.910	-0.030	-1.020	2.910	2.825	3060468	2,555.828 M
HRN	HRN Horizon Gold Ltd	0.550	0.060	12.245	0.550	0.480	59524	68.075 M
XAM	XAM Xanadu Mines Ltd	0.047	-0.004	-7.843	0.051	0.045	10977217	103.259 M
BDM	BDM Burgundy Diamond Mines Ltd	0.035	0.000	0.000	0.036	0.035	104464	49.757 M
CAY	CAY Canyon Resources Ltd	0.230	0.000	0.000	0.235	0.220	106926	270.216 M
GWR	GWR GWR Group Ltd	0.115	0.005	4.546	0.120	0.105	360671	30.096 M
HAV	HAV Havilah Resources Ltd	0.170	-0.005	-2.857	0.170	0.167	119706	57.674 M
BSX	BSX Blackstone Minerals Ltd	0.070	0.000	0.000	0.074	0.067	638968	43.975 M
WMG	WMG Western Mines Group Ltd	0.170	0.010	6.250	0.170	0.160	55082	13.553 M
GES	GES Genesis Resources Ltd	0.010	0.000	0.000	0.010	0.010	19726	6.263 M
AUN	AUN Aurumin Ltd	0.075	0.000	0.000	0.075	0.074	86003	32.127 M
BEZ	BEZ Besra Gold Inc	0.045	0.003	7.143	0.045	0.040	1338555	38.465 M
MAT	MAT Matsa Resources Ltd	0.067	0.002	3.077	0.067	0.064	460535	46.910 M
AIS	AIS Aeris Resources Ltd	0.180	0.005	2.857	0.185	0.175	931245	183.976 M
A8G	A8G Australasian Metals Limited	0.070	0.001	1.449	0.070	0.070	4264	4.168 M
EMR	EMR Emerald Resources NL	4.580	-0.050	-1.080	4.620	4.490	1861186	2,833.467 M
TOE	TOE Toro Energy Ltd	0.205	0.010	5.128	0.205	0.195	26524	26.462 M
TRM	TRM Truscott Mining Corp Ltd	0.060	0.000	0.000	0.060	0.060	--	11.487 M
CLZ	CLZ Classic Minerals Ltd	0.001	0.000	0.000	0.001	0.001	--	1.544 M
CMM	CMM Capricorn Metals Ltd	9.720	-0.010	-0.103	9.760	9.470	891723	4,102.244 M
TZN	TZN Terramin Australia Ltd.	0.069	0.000	0.000	0.070	0.069	15898	156.625 M
GOR	GOR Gold Road Resources Ltd	3.280	-0.020	-0.606	3.330	3.260	19553219	3,601.416 M
YRL	YRL Yandal Resources Ltd	0.180	0.000	0.000	0.180	0.175	185553	41.747 M
TLM	TLM Talisman Mining Ltd	0.175	0.005	2.941	0.175	0.175	25686	31.073 M
AEE	AEE Aura Energy Ltd	0.125	0.000	0.000	0.125	0.115	812530	102.228 M
ZAG	ZAG Zuleika Gold Ltd	0.012	-0.001	-7.692	0.013	0.012	239557	8.903 M
ZIM	ZIM Zimplats Holdings Ltd	11.280	0.310	2.826	11.280	10.870	8432	1,189.400 M
A1M	A1M AIC Mines Limited	0.350	0.000	0.000	0.355	0.345	445672	198.611 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.