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Gold Price in 2024 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2024

← 202320242025 →

Jan 1

$2,063

Opening Price

Dec 31

$2,625

Closing Price

Year High

$2,790

Annual High

Year Low

$1,990

Annual Low

Annual Avg

$2,386

Average Price

vs 2023

+27.3%

Annual Change

Monthly Gold Price Chart — 2024

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $2,029High: $2,738

Monthly Average Gold Prices — 2024

MonthAvg Price (USD/oz)vs Prev Month
Jan 2024$2,029-1.6%
Feb 2024$2,050+1.0%
Mar 2024$2,165+5.6%
Apr 2024$2,310+6.7%
May 2024$2,340+1.3%
Jun 2024$2,330-0.4%
Jul 2024$2,425+4.1%
Aug 2024$2,490+2.7%
Sep 2024$2,619+5.2%
Oct 2024$2,738+4.5%
Nov 2024$2,662-2.8%
Dec 2024$2,616-1.7%

What Happened to Gold in 2024?

Gold had one of its best years in decades, rising 27% in 2024. Central bank buying remained at record levels for the third consecutive year. The Federal Reserve began cutting rates in September. Geopolitical tensions in the Middle East (Israel-Gaza-Houthi) and ongoing Russia-Ukraine conflict supported demand. China's retail gold demand surged amid property market weakness.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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