Gold in 2024 at a glance
| Average price per ounce | $2,386 |
| Average price per gram | $76.71 |
| Approx. low / high | $1,990 / $2,790 |
| Change vs previous year (average) | +22.8% |
| Average silver price | $28.30 |
| Gold/silver ratio | 84 |
| Change from 2024 average to today | — |
What moved gold in 2024
A record year: central bank purchases, Asian demand and the start of Fed rate cuts lifted gold through $2,500 for the first time.
An investor who bought one ounce at the 2024 average of $2,386 would hold metal worth — today — a change of —. Annual averages smooth out daily swings, so the price on any single day of 2024 could have been up to $404 higher or $396 lower than the average.
Figures are rounded approximations based on LBMA daily prices, for context only.
Gold price 2024 – FAQ
What was the average gold price in 2024?
The average gold price in 2024 was about $2,386 per troy ounce, or roughly $76.71 per gram, based on rounded LBMA daily fixes.
What were the highest and lowest gold prices in 2024?
Gold traded between roughly $1,990 and $2,790 per ounce during 2024.
Did gold go up in 2024?
On an annual-average basis gold was up about 22.8% in 2024 compared with 2023 ($1,943).
What happened to gold in 2024?
A record year: central bank purchases, Asian demand and the start of Fed rate cuts lifted gold through $2,500 for the first time.
How much was 10 grams of 24k gold in 2024?
At the 2024 average, 10 grams of pure gold were worth about $767 in US dollars, and 10 grams of 22k gold about $703.