Price for an ounce of fine gold - London Fixing 2018-2019

Price for an ounce of fine gold (average price) in London (morning fixing) from May 2018 to May 2019 (in U.S. dollars)

by M. Garside, last edited Jun 7, 2019
Price for an ounce of fine gold - London Fixing 2018-2019 This statistic shows the monthly average price for an ounce of fine gold in London (morning fixing) from May 2018 to May 2019. As of May 2019, an ounce of gold cost 1,283.10 U.S. dollars, down from 1,780 U.S. dollars per ounce in September 2011.
London fixing gold price

In May 2019, the average price for an ounce of fine gold was 1,283.10 U.S. dollars. Although the monthly price for fine gold fluctuates, the average annual price of fine gold is increasing. In 2001, the price for one ounce of gold was 271 U.S. dollars, and by 2012 the price had risen to some 1,670 U.S. dollars. By 2018, the annual average gold price was 1,258.83 U.S. dollars per ounce. In 2017, gold demand reached 4,345 metric tons worldwide.

Fine gold is considered to be almost pure gold where the value of the metal depends on the percentage of fineness. Twenty-four carat gold is considered fine gold (from 99.9 percent gold by mass and higher). London Gold Fix acts as a benchmark for the price of gold. The price of gold is set by the members of the London Gold Market Fixing Ltd undertaken by Barclays and its other members. The price is determined twice per business day at 10:30 am and 3:00 pm based on the London bullion market in order to settle contracts within the bullion market. The price is based on the equilibrium point between supply and demand agreed upon by participating banks. Gold prices must remain flexible and gold fixing provides an instantaneous price at specified times.
Show more

Price for an ounce of fine gold (average price) in London (morning fixing) from May 2018 to May 2019 (in U.S. dollars)

Loading statistic...
Price in U.S. dollars per ounce
May '191,283.1
Apr '191,287.65
Mar '191,302.29
Feb '191,319.76
Jan '191,291.63
Dec '181,249.89
Nov '181,221.28
Oct '181,214.73
Sep '181,199.2
Aug '181,201.86
Jul '181,238.06
Jun '181,282.13
May '181,303.61
Price in U.S. dollars per ounce
May '191,283.1
Apr '191,287.65
Mar '191,302.29
Feb '191,319.76
Jan '191,291.63
Dec '181,249.89
Nov '181,221.28
Oct '181,214.73
Sep '181,199.2
Aug '181,201.86
Jul '181,238.06
Jun '181,282.13
May '181,303.61
Download Settings Share
Download started
Please be patient - this may take a moment
by M. Garside, last edited Jun 7, 2019
This statistic shows the monthly average price for an ounce of fine gold in London (morning fixing) from May 2018 to May 2019. As of May 2019, an ounce of gold cost 1,283.10 U.S. dollars, down from 1,780 U.S. dollars per ounce in September 2011.
London fixing gold price

In May 2019, the average price for an ounce of fine gold was 1,283.10 U.S. dollars. Although the monthly price for fine gold fluctuates, the average annual price of fine gold is increasing. In 2001, the price for one ounce of gold was 271 U.S. dollars, and by 2012 the price had risen to some 1,670 U.S. dollars. By 2018, the annual average gold price was 1,258.83 U.S. dollars per ounce. In 2017, gold demand reached 4,345 metric tons worldwide.

Fine gold is considered to be almost pure gold where the value of the metal depends on the percentage of fineness. Twenty-four carat gold is considered fine gold (from 99.9 percent gold by mass and higher). London Gold Fix acts as a benchmark for the price of gold. The price of gold is set by the members of the London Gold Market Fixing Ltd undertaken by Barclays and its other members. The price is determined twice per business day at 10:30 am and 3:00 pm based on the London bullion market in order to settle contracts within the bullion market. The price is based on the equilibrium point between supply and demand agreed upon by participating banks. Gold prices must remain flexible and gold fixing provides an instantaneous price at specified times.
Show more
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Related Studies: Available to Download in PDF or PPTX Format
Gold
Gold

All Information
in one Presentation

Gold

Everything On "Gold" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

I think of Statista as Google for researchers. Statista provides you with the information you search for right away.
Dr. Horst Stipp

Dr. Horst Stipp
EVP, Research & Innovation, Advertising Research Foundation

Statistics on "Gold"
  • Overview
  • Leading global companies
  • Prices and M&A activity
The most important statistics
  • United States
  • Country holdings
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.