Gold in 2022 at a glance
| Average price per ounce | $1,800 |
| Average price per gram | $57.87 |
| Approx. low / high | $1,620 / $2,070 |
| Change vs previous year (average) | +0.1% |
| Average silver price | $21.70 |
| Gold/silver ratio | 83 |
| Change from 2022 average to today | — |
What moved gold in 2022
The invasion of Ukraine briefly lifted gold above $2,000, but the fastest Fed tightening in decades and a very strong dollar pulled it back.
An investor who bought one ounce at the 2022 average of $1,800 would hold metal worth — today — a change of —. Annual averages smooth out daily swings, so the price on any single day of 2022 could have been up to $270 higher or $180 lower than the average.
Figures are rounded approximations based on LBMA daily prices, for context only.
Gold price 2022 – FAQ
What was the average gold price in 2022?
The average gold price in 2022 was about $1,800 per troy ounce, or roughly $57.87 per gram, based on rounded LBMA daily fixes.
What were the highest and lowest gold prices in 2022?
Gold traded between roughly $1,620 and $2,070 per ounce during 2022.
Did gold go up in 2022?
On an annual-average basis gold was up about 0.1% in 2022 compared with 2021 ($1,799).
What happened to gold in 2022?
The invasion of Ukraine briefly lifted gold above $2,000, but the fastest Fed tightening in decades and a very strong dollar pulled it back.
How much was 10 grams of 24k gold in 2022?
At the 2022 average, 10 grams of pure gold were worth about $579 in US dollars, and 10 grams of 22k gold about $530.