Gold Price in 2024
In 2024, the price of gold averaged $2,386 per troy ounce, up 22.9% from the year before. This page covers the 2024 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2024 Average
$2,386
LBMA annual average, USD/oz
Change vs 2023
+22.9%
from $1,941 in 2023
2024 High
$2,790
from daily trading data
2024 Low
$1,984
from daily trading data
Year-End Close
$2,624
last trading day of 2024
Gold Price Chart, 2005 to 2025
Gold Price by Month in 2024
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2024 | $2,032 | $2,079 | $2,002 |
| February 2024 | $2,026 | $2,066 | $1,984 |
| March 2024 | $2,164 | $2,236 | $2,039 |
| April 2024 | $2,334 | $2,432 | $2,229 |
| May 2024 | $2,351 | $2,450 | $2,277 |
| June 2024 | $2,328 | $2,388 | $2,287 |
| July 2024 | $2,395 | $2,484 | $2,319 |
| August 2024 | $2,472 | $2,532 | $2,364 |
| September 2024 | $2,572 | $2,686 | $2,472 |
| October 2024 | $2,692 | $2,790 | $2,604 |
| November 2024 | $2,650 | $2,762 | $2,537 |
| December 2024 | $2,639 | $2,726 | $2,584 |
What happened to the gold price in 2024
Gold averaged $2,386 per troy ounce in 2024, climbing 22.9% from the $1,941 average of 2023. Daily trading data shows gold moved between a low of $1,984 and a high of $2,790 during the year, ending 2024 at $2,624. The notable development of 2024: Gold breaks $2,500; rate cuts begin.
The 2020s have been gold's strongest decade since the 1970s. Pandemic stimulus, the worst inflation in four decades, and record central bank buying produced a series of new all-time highs.
Adjusted for inflation, gold's 2024 average of $2,386 equals about $2,451 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2024?
What is a 2024 gold price worth in today's dollars?
What moved the gold price in 2024?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.