What drives gold price movements?

Gold is primarily an inverse function of real US interest rates and dollar strength. When rates fall or geopolitical risk rises, gold tends to rise. Central bank purchases and ETF flows are also significant drivers.

How do I sell gold scrap?

Gold scrap (jewellery, dental gold, electronic scrap) is purchased by refiners and dealers at a discount to spot gold, adjusted for the fineness (karat) of the material. You can post gold scrap offers on MetalsPlace to reach global refiners.

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✨ Precious Metals

Gold Price Today

Gold bullion traded as a store of value and industrial metal.

Last updated: June 1, 2026

2,839.31

USD/oz

-0.38%

24h change

+0.73%

7-day change

-1.27%

30-day change

30-Day Price Trend

About Gold

Gold is the world's most valued precious metal, serving as a store of value, investment asset, and industrial input. Prices are quoted in troy ounces (oz t) and set by LBMA benchmark twice daily.

Compare Gold prices by country: 🇦🇺 Australia.

Common Grades & Types

Fine Gold (999.9)

Investment-grade bullion bars and coins.

Gold Scrap (9ct–22ct jewellery)

Recycled jewellery, valued by gold fineness (karat).

Electronic Scrap (e-waste)

Printed circuit boards and connectors, processed for gold recovery.

Key Applications

Investment and central bank reserves (~50% of demand)
Jewellery (~35% of demand)
Electronics (semiconductors, connectors)
Dentistry and medical devices

What Drives Gold Prices

1USD/real interest rate expectations (primary driver)
2Central bank buying/selling
3ETF investment flows (e.g. SPDR GLD)
4Safe-haven demand during crises
5Mine production costs (all-in sustaining cost ~$1,200–1,400/oz)

Frequently Asked Questions

Historical Prices

Last 30 days — USD/oz

Date	Price	Daily Change
Jun 1, 2026	2,839.31	-0.38%
May 31, 2026	2,850.16	+0.56%
May 30, 2026	2,834.29	-0.24%
May 27, 2026	2,840.97	-0.25%
May 26, 2026	2,848.10	+0.52%
May 25, 2026	2,833.49	-0.24%
May 24, 2026	2,840.20	+0.76%
May 22, 2026	2,818.68	+0.08%
May 20, 2026	2,816.43	+0.41%
May 19, 2026	2,804.81	+0.35%
May 18, 2026	2,795.00	+0.08%
May 17, 2026	2,792.82	-0.30%
May 16, 2026	2,801.23	-0.28%
May 15, 2026	2,809.14	-0.41%
May 14, 2026	2,820.64	-0.20%
May 13, 2026	2,826.43	-0.45%
May 12, 2026	2,839.07	-0.46%
May 10, 2026	2,852.11	+0.12%
May 9, 2026	2,848.75	+0.15%
May 8, 2026	2,844.56	-0.48%
May 7, 2026	2,858.15	-0.05%
May 6, 2026	2,859.69	-0.46%
May 5, 2026	2,872.83	-0.23%
May 4, 2026	2,879.49	+0.05%
May 3, 2026	2,878.10	+0.08%
May 2, 2026	2,875.74	—