Current Gold Price and Gold Rate with Charts & Calculators
The gold price is the most important indicator in the precious metals market and is closely watched worldwide as a barometer of economic uncertainty. Here you will find the current price per troy ounce in euros and US dollars, updated live during trading hours. The interactive chart shows price development from intraday data to maximum history. The performance table, seasonality analysis and heatmap calendar provide additional perspectives on trends and patterns. With the historical price calculator, you can look up the gold price for any past date. In the comprehensive guide below, learn why central banks hoard gold, how inflation and interest rate policy affect the price, and what to look for when buying bars and coins.
Here you see the current Gold price per troy ounce (31.1 g) in your selected currency, including daily change in percent and absolute.
Below you find the current exchange rate and the price in the second currency. At the bottom are the prices per gram, troy ounce and kilogram.
Tip: When the market is open, the price updates automatically every minute.
Gold price details →
Source: Spot
Look up the Gold price for any date in the past. You will see open, high, low, and close prices as well as the price per gram and kilogram.
Tip: Select a date and a source (LBMA Fix = official daily fixing, Spot = market price). If no trading took place on your selected day, the nearest available rate will be shown.
| 05/29/2026 | EUR | USD |
|---|---|---|
| Open | 3,861.52 € | 4,499.45 $ |
| High | 3,933.55 € | 4,592.96 $ |
| Low | 3,853.27 € | 4,489.84 $ |
| Close | 3,893.95 € | 4,540.60 $ |
Source: Spot
The chart shows the price development of the Gold price over the selected period. Move your mouse over the chart to see the exact price on a specific day.
Select the time period above (Today to Max). You can zoom into an area with your mouse. The statistics cards below show high, low, and change for the selected period.
Tip: In the "Today" period, you can see intraday data with per-minute resolution.
(31.05.26)
(30.05.26)
(31.05.26)
(31.05.26)
(29.01.26)
Here you can see the current gold price converted to different weight units: gram, troy ounce (31.1 g) and kilogram.
The second row shows the price in the other currency for comparison.
Tip: A troy ounce is the international trading unit for precious metals and equals 31.1035 grams.
1 Troy Ounce = 31.1035 Grams
This table shows the current price per gram for various Gold alloys. The fineness indicates how much pure Gold is contained in 1000 parts.
Example: : 750/1000 means 75% pure Gold (for gold this equals 18 carat). The price per gram is calculated according to the fineness.
| Fineness | Carat | Price / Gram |
|---|---|---|
| 333/1000 | 8K | 41.69 € |
| 585/1000 | 14K | 73.24 € |
| 750/1000 | 18K | 93.90 € |
| 833/1000 | 20K | 104.29 € |
| 900/1000 | 21,6K | 112.67 € |
| 916/1000 | 22K | 114.68 € |
| 999/1000 | 24K | 125.07 € |
| 999.9/1000 | Fine Gold | 125.19 € |
The performance table shows how the Gold price has developed over various time periods: from today to 5 years.
You can see the absolute change in both currencies as well as the percentage change. Green values indicate gain, red values indicate loss.
Tip: Compare the EUR and USD performance to identify the impact of the exchange rate.
| Period | EUR | % EUR | USD | % USD |
|---|---|---|---|---|
| Today | +0.00 € | +0.00 % | +0.00 $ | +0.00 % |
| 7 Days | +25.61 € | +0.66 % | +29.87 $ | +0.66 % |
| 30 Days | -70.74 € | -1.78 % | -82.49 $ | -1.78 % |
| since Jan 1 | +153.71 € | +4.11 % | +179.25 $ | +4.11 % |
| 1 Year | +1,072.88 € | +38.03 % | +1,251.10 $ | +38.03 % |
| 5 Years | +2,260.32 € | +138.36 % | +2,635.80 $ | +138.36 % |
The seasonality chart shows the average monthly return of the Gold price over the last 20 years.
Green bars show months with historically positive returns, red bars months with negative returns.
Tip: Seasonality only shows historical averages and is no guarantee for the future.
The calendar shows the daily price change of the Gold price as a heatmap. Each cell represents a trading day (Monday to Friday).
Green cells = price increase, red cells = price decrease.
Hover over a cell to see the exact price and change on that day.
Here you can find a quick overview of the current prices of the other precious metals. The percentage shows the daily change.
Tip: Click on a metal to go directly to its detail page.
What Is the Gold Price?
The gold price indicates the current market value of one troy ounce (31.1035 grams) of pure gold. It is quoted worldwide in US dollars and traded around the clock on spot markets. For European investors, the gold price in euros is also relevant — it is derived from the USD price multiplied by the current EUR/USD exchange rate.
For over 5,000 years, gold has served as a store of value, medium of exchange, and monetary anchor. No other asset class can look back on a comparably long history. Gold was already used as a means of payment in ancient Egypt and the Roman Empire, and until the 20th century it formed the foundation of the international monetary system.
Good to know: Under the Bretton Woods system (1944–1971), the US dollar was pegged to gold at a fixed rate of 35 USD per troy ounce. On 15 August 1971, US President Richard Nixon ended this convertibility (the so-called Nixon Shock), allowing the gold price to float freely on the open market for the first time.
Today, the official reference price is set twice daily through the LBMA Gold Price Fixing. The ICE Benchmark Administration (IBA) conducts this electronic auction process at 10:30 AM and 3:00 PM London time. Accredited banks and trading houses participate in the auction, submitting buy and sell orders until an equilibrium price is found. This fixing serves globally as the settlement basis for gold contracts, ETFs, and central bank transactions.
Spot Price, Troy Ounce, and Currencies
The spot price (also known as the cash price) is the price at which gold is traded for immediate delivery. It is determined continuously at the major trading venues — particularly in London (OTC market), New York (COMEX), Shanghai (SGE), and Zurich. Unlike the LBMA fixing, the spot price changes by the second.
The international trading unit is the troy ounce, which weighs exactly 31.1035 grams. It originates from the medieval city of Troyes in France, an important trading hub where gold and silver were measured using this weight system. The troy ounce must not be confused with the avoirdupois ounce (28.35 g), which is used for everyday goods in English-speaking countries.
While gold is traded internationally in USD, the EUR price is decisive for European investors. It is calculated by dividing the USD spot price by the EUR/USD exchange rate. A weak euro makes gold more expensive in EUR terms, even if the USD price remains stable — an effect that has historically delivered additional returns for European gold investors.
Gold Price History at a Glance
Since the gold price was set free in 1971, the value of one troy ounce has multiplied from 35 USD to at times over 2,800 USD. This development was by no means linear, but was marked by dramatic rallies, sharp corrections, and long sideways phases. Those who understand the history of the gold price recognise the mechanisms that drive the price today.
Over the long term, gold has achieved an average annual return of approximately 8% since 1971. In doing so, it consistently provided protection during the worst stock market crashes: in 8 of the 10 largest equity bear markets since 1970, gold either gained in value or held its ground.
Historical Milestones
The historical price calculator allows you to look up the gold price on any date in the past. The official reference is the LBMA Gold Price, which is set twice daily through an electronic auction process: the AM Fix at 10:30 AM and the PM Fix at 3:00 PM London time (11:30 AM and 4:00 PM CET). The PM Fix is considered the authoritative daily closing price and is used globally as the settlement basis for ETFs, central bank transactions, and industrial contracts. Our database contains historical prices in USD, EUR, GBP, and CHF, allowing the gold price to be queried directly in the relevant currency.
A particularly common use case for the historical price lookup is the calculation of the speculation period under Section 23 of the German Income Tax Act (EStG): anyone who sells gold within one year must pay tax on the gain. This requires the purchase price on the date of acquisition, which you can easily determine using the calculator. The historical price on the date of transfer is also relevant for the valuation of inherited or gifted gold — the tax authorities base the value on the date of inheritance or gift. A helpful anchor point for long-term analysis is the historical Bretton Woods price of 35 USD per troy ounce (1944–1971), which strikingly illustrates the enormous appreciation of gold since the price was set free.
By comparing different dates, you can also identify trends and cycles: what was the gold price one year ago, five years ago, ten years ago? How did gold perform during specific crises — for example after the Lehman Brothers collapse (September 2008), at the start of the COVID pandemic (March 2020), or after the beginning of the Ukraine war (February 2022)? These comparisons help place the current gold price in its historical context and make well-informed investment decisions. Particularly revealing is the parallel comparison in USD and EUR: in some years, performance diverged considerably, as the exchange rate effect can distort the gold return for European investors by up to 10 percentage points.
Gold Price by Weight and Unit
In the international precious metals trade, gold is quoted exclusively in troy ounces. In everyday life, however, gram and kilogram prices are more relevant — for instance when buying bars, coins, or jewellery. The conversion is straightforward: gold price per gram = ounce price divided by 31.1035.
The troy ounce has its origins in the medieval trading city of Troyes in the French Champagne region, where major fairs took place in the 12th and 13th centuries. A dedicated weight system for precious metals was established there and remains in use worldwide to this day. The troy ounce (31.1035 g) must not be confused with the avoirdupois ounce (28.3495 g), which is used for everyday goods in English-speaking countries.
Common Bar and Coin Sizes
- ◆ 1 Gram Bar — Entry-level product, though with a high percentage premium (minting and trading costs)
- ◆ 1 Troy Ounce (31.1 g) — The most popular investment unit, available both as a bar and as a coin (e.g. Krugerrand, Vienna Philharmonic, Maple Leaf)
- ◆ 100 Gram / 250 Gram Bars — A compromise between denomination flexibility and lower premium
- ◆ 1 Kilogram Bar — A popular size for high-net-worth private investors, with a low premium
- ◆ 400 oz Bar (approx. 12.4 kg) — The LBMA Good Delivery bar, the standard bar in professional trading between banks and central banks
The Best-Known Gold Bullion Coins
All classic bullion coins contain exactly 1 troy ounce (31.1035 g) of pure gold with a fineness of at least 999/1000:
- ◆ Krugerrand (South Africa, since 1967) — The oldest modern bullion coin, 916.7/1000 fineness (1 oz fine gold + copper alloy, total weight 33.93 g)
- ◆ Vienna Philharmonic (Austria, since 1989) — 999.9/1000, the best-selling gold coin in Europe
- ◆ Maple Leaf (Canada, since 1979) — 999.9/1000, renowned for the highest purity and security features (DNA marking)
- ◆ American Eagle (USA, since 1986) — 916.7/1000, face value of 50 USD, legal tender
- ◆ Britannia (United Kingdom, since 1987) — 999.9/1000 (since 2013), with advanced anti-counterfeiting features
The gold price per gram is the most commonly used unit in the German jewellery and dealer market. Jewellers, buyers, and online shops almost always refer to the gram price of the respective alloy when quoting prices.
Troy Ounce Converter
1 troy ounce = 31.1035 grams
Common Investment Products
Key Drivers of the Gold Price
The gold price is shaped by a complex interplay of macroeconomic, geopolitical, and market-structural factors. Unlike industrial commodities, physical demand from industry plays only a minor role -- gold is primarily sought after as a monetary metal and store of value.
Central Banks and Gold Reserves
Since 2010, central banks worldwide have become net buyers of gold -- after two decades as net sellers. The People's Bank of China (PBOC), the Reserve Bank of India (RBI), and the Central Bank of Turkey (TCMB) in particular have massively expanded their gold reserves. In 2022 and 2023 alone, central banks each purchased over 1,000 tonnes of gold -- a historic record.
Behind these purchases lies the trend towards de-dollarisation: many emerging economies are diversifying their foreign exchange reserves away from the US dollar and into gold, which carries no counterparty risk and is not subject to sanctions. Germany holds approximately 3,352 tonnes, the second-largest gold reserves in the world after the United States (8,133 tonnes).
Inflation, Real Interest Rates, and Fed Policy
Gold is traditionally regarded as an inflation hedge, since unlike fiat currency it cannot be created at will. What matters most for the gold price, however, is not nominal inflation but real interest rates (nominal rate minus inflation). When real rates are negative -- meaning investors are losing money in real terms on bonds -- the appeal of gold, which yields no interest, increases.
The monetary policy of the US Federal Reserve (Fed) has the single strongest impact on the gold price. Rate hikes tend to strengthen the dollar and raise the opportunity cost of holding non-yielding gold. Rate cuts and quantitative easing (QE) have the opposite effect, pushing gold prices higher.
Geopolitical Crises
Gold is the ultimate safe haven in times of geopolitical uncertainty. Wars, terrorist attacks, and diplomatic crises regularly trigger flights into gold. Recent examples include Russia's invasion of Ukraine (2022), the escalation in the Middle East (2023/2024), and the growing trade conflicts between the United States and China.
US Dollar and Exchange Rates
Since gold is priced in USD, there is a pronounced inverse correlation between the Dollar Index (DXY) and the gold price. A weaker dollar makes gold cheaper for buyers in other currencies, driving demand higher. For European investors, the EUR/USD exchange rate is doubly relevant: it influences both the USD gold price and the conversion into euros.
Jewellery and Industrial Demand
Approximately 50% of annual gold demand comes from the jewellery industry, led by India and China. Seasonal factors play a significant role: the Indian wedding season (October-December), the Diwali festival, and Chinese New Year regularly create demand spikes.
Industrial gold consumption accounts for only about 7-10% of total demand. Gold is used in electronics (contacts, circuit boards, connectors), medical technology (dental prosthetics, diagnostics), and aerospace (reflective coatings).
Gold Performance and Seasonality
Performance Table
Go to tableThe performance table shows the price development of gold over various time periods: from today's daily change through 7 days, 30 days, and the year-to-date (YTD) return, to 1-year and 5-year returns. Gold stands out among the precious metals for its comparatively low short-term volatility — daily fluctuations of more than 1% are the exception rather than the rule. Over longer periods, however, gold delivers impressive returns: since the end of Bretton Woods (1971), gold has achieved an average annual return of approximately 8%, defending or increasing its value in every major financial crisis.
Particularly instructive is the parallel comparison of EUR and USD performance. Since gold is traded internationally in US dollars, the euro gold price is derived from the USD price divided by the EUR/USD exchange rate. In phases when the euro depreciates against the dollar, the gold price in euros rises — even if the USD price remains stable. This exchange rate effect can distort the performance for European investors by up to 10 percentage points per year: in the years 2014–2015 and 2022, EUR-based gold investors achieved significantly higher returns than their US counterparts. Conversely, a strengthening euro dampens the EUR return.
The percentage changes in the table are based on the LBMA PM Fix as the official daily closing price. Positive values (green) indicate price increases, negative values (red) indicate declines. For a well-founded assessment, it is advisable to look not only at the short-term figures but especially at the 1-year and 5-year returns: gold is a long-term store of value whose strength unfolds over months and years, not individual trading days. The 5-year performance also provides a benchmark for whether the current gold price is in line with its historical trend or is already trading significantly above or below the medium-term average.
Seasonality (20 Years)
Go to chartThe monthly seasonality of the gold price follows a statistically documented pattern spanning several decades, closely linked to cultural events and institutional capital flows. The strongest phase begins in September and extends through February. In September, demand from the Indian jewellery industry traditionally picks up as it prepares for the wedding season (October to December) and the Diwali festival. India, consuming over 700 tonnes per year, is the second-largest gold consumer worldwide, and the cultural significance of gold as dowry and festive gift creates a reliable seasonal demand impulse. In January and February, the Chinese New Year triggers a further strong buying wave in China — the world's largest gold market.
At the same time, institutional portfolio rebalancing at year-end plays a significant role: asset managers, pension funds, and family offices rebalance their allocations in the fourth quarter and frequently increase their gold weighting as a hedge for the coming year. These inflows provide additional support to the gold price from October to December. Central banks also tend to step up their gold purchases towards year-end to execute their reserve strategies on schedule.
The weakest phase typically falls between March and June. After the seasonal buying wave of the winter months, physical demand noticeably subsides. In India, the hot season begins, during which traditionally fewer weddings take place. Institutional investors have completed their year-opening allocations, and profit-taking dominates trading activity. The summer months of July and August frequently bring low trading volumes and sideways movement — a phase that experienced gold investors use as an entry window ahead of the seasonal autumn rally.
Performance Calendar (Heatmap)
Go to calendarThe performance calendar (heatmap) visualises the daily price movements of the gold price as a colour-coded grid. Among the precious metals, gold stands out for its comparatively low daily volatility: typical daily fluctuations are around ±0.5%, and even on volatile trading days the change rarely exceeds 1.5%. This is reflected in the calendar through predominantly pale green and red tones — the extreme colour swings that occur with more volatile metals such as silver or palladium are rare for gold.
Particularly revealing are the clusters of consecutive green or red days. These patterns reveal the trend phases of the gold market: several consecutive green days indicate an intact uptrend, often driven by central bank purchases, geopolitical escalations, or interest rate cut expectations. Conversely, red clusters signal correction phases, frequently triggered by surprisingly strong US economic data, Fed rate hikes, or a strengthening dollar. The London PM Fix at 3:00 PM London time (4:00 PM CET) determines the official daily closing price, which serves as the basis for the heatmap.
The calendar also reveals weekend gaps: since gold is traded around the clock but Asian trading opens on Sunday evening (European time) before the London market, price gaps can form over the weekend — especially after geopolitical events during the weekend. For long-term investors, the performance calendar provides a quick visual overview of how steady or turbulent a particular month or quarter has been, and helps assess whether the current trend is gaining or losing momentum.
Investing in Gold
Gold can be acquired in several ways -- each with its own advantages and disadvantages regarding costs, security, liquidity, and tax treatment. The right choice depends on the investment amount, time horizon, and personal preferences.
Physical Gold: Bars and Coins
Buying physical gold bars and coins offers the advantage of direct ownership with no counterparty risk. Investors should purchase exclusively from reputable dealers (e.g. Degussa, pro aurum, philoro) and ensure the products come from LBMA-accredited refiners.
- ◆ Premium: Selling price above spot price -- typically 2-4% for 1 oz bars, up to 15-20% for 1 g bars
- ◆ Storage: Home safe (check your insurance!), bank safe deposit box (EUR 50-200/year), or professional high-security vaults (e.g. BullionVault, Swiss Gold Safe)
- ◆ Liquidity: Investment coins and LBMA bars can be sold at any time through dealers or online, typically with a spread of 1-3%
Gold ETCs and ETFs
Exchange-traded gold securities allow investors to gain exposure through their brokerage account without the need for physical storage. Particularly popular in Germany:
- ◆ Xetra-Gold (A0S9GB) -- Physically backed ETC by Deutsche Boerse, with physical delivery right
- ◆ EUWAX Gold II (EWG2LD) -- Physically backed, delivery from 100 g, no management fees
- ◆ iShares Physical Gold (A1KWPQ) -- One of the largest physically backed gold ETCs in Europe
Tax advantage: Gold ETCs with a physical delivery entitlement (Xetra-Gold, EUWAX Gold II) are treated the same as physical gold for tax purposes. Gains are tax-free after a 1-year holding period (BFH rulings VIII R 4/15 and VIII R 35/14).
Gold Mining Stocks and Funds
Shares in gold producers such as Barrick Gold, Newmont, Agnico Eagle, or Franco-Nevada offer leveraged exposure to the gold price: rising gold prices disproportionately increase profit margins. However, mining stocks carry additional risks -- operational problems, political risks in producing countries, rising production costs, and general equity market risk.
Gold vs. Silver and Other Precious Metals
Gold occupies a unique position among precious metals as a monetary metal. While silver, platinum, and palladium are heavily dependent on industrial demand, gold is primarily sought as a store of value and a hedge.
| Criterion | Gold | Silver |
|---|---|---|
| Industrial share | 7-10% | ~55% |
| Volatility | Medium | High |
| VAT (DE) | Exempt (investment) | 19% (margin scheme possible) |
| Relative storage cost | Low | High |
| Gold/silver ratio | Historically 40-90, currently around 80-85 | |
| Portfolio recommendation | 5-15% of portfolio | 0-5% of portfolio |
Gold Alloys and Purity
Pure gold (999.9/1000) is too soft for most jewellery applications. By alloying it with other metals, gold becomes harder, more durable, and takes on different colours. The fineness indicates the proportion of pure gold in parts per thousand, while the carat system divides purity into 24 levels.
The Carat System
- ◆ 24 Carat (999.9/1000) — Fine gold, investment bars and coins, very soft
- ◆ 22 Carat (916/1000) — Krugerrand, American Eagle, Turkish wedding jewellery
- ◆ 18 Carat (750/1000) — High-quality jewellery, the most popular alloy internationally
- ◆ 14 Carat (585/1000) — Standard for German jewellery, a good compromise between value and durability
- ◆ 9 Carat (375/1000) — Common in the United Kingdom and Ireland, less prevalent in Germany
- ◆ 8 Carat (333/1000) — The lowest alloy that may legally be sold as gold in Germany
Gold Colours Through Alloying
By choosing different alloying metals, various gold colours can be achieved — a distinction that plays a particularly important role in the jewellery industry:
- ◆ Yellow Gold — The classic colour, an alloy of gold, copper, and silver in roughly equal proportions
- ◆ Red Gold / Rose Gold — A high copper content produces the warm reddish hue, particularly popular in recent years
- ◆ White Gold — Alloyed with palladium (high-quality, low-nickel) or nickel (more affordable, allergy risk), often rhodium-plated
- ◆ Green Gold — A high silver content creates a greenish shimmer, rare and rather unusual as jewellery
Hallmarks and Assay Marks
While Germany has no legal requirement for hallmarking, most jewellery pieces nevertheless bear a fineness stamp (e.g. "750" or "18K"). Internationally, hallmarks are often mandatory: in the United Kingdom, the Assay Office performs the testing; in Switzerland, the Federal Precious Metals Control Office. For investment bars, LBMA certification is the most important quality assurance.
For investors: Only 999.9 fine gold (four nines) qualifies for investment bars of the highest quality. For coins, 999.9/1000 (Maple Leaf, Philharmonic) or 916.7/1000 (Krugerrand, Eagle) are recognised as investment gold, provided they were minted after 1800.
Taxes on Gold in Germany
Gold enjoys a special tax status among precious metals in Germany. Gold investors benefit from significant advantages in terms of both VAT and the taxation of capital gains.
VAT: Gold Is Exempt
Investment gold is exempt from VAT in Germany under Section 25c of the German VAT Act (UStG). This applies to:
- Gold bars with a minimum fineness of 995/1000 from LBMA-accredited refiners
- Gold coins minted after 1800, minimum 900/1000 fineness, legal tender
All common investment coins -- Krugerrand, Maple Leaf, Philharmonic, Eagle, Britannia -- meet these criteria. By contrast, silver, platinum, and palladium are subject to 19% VAT.
Holding Period and Capital Gains Tax
Gains from the sale of physical gold are classified as private disposal transactions under Section 23 of the German Income Tax Act (EStG):
Gold ETCs: Special Rules
Tax-free gold ETCs after 1 year: The German Federal Fiscal Court (BFH) has ruled that Xetra-Gold and EUWAX Gold II are to be treated the same as physical gold for tax purposes, since the investor has a right to physical delivery. Gains from these ETCs are tax-free after a one-year holding period (Section 23 EStG). Gold ETCs without a delivery right are subject to the flat-rate withholding tax (25% + solidarity surcharge).