Year in Review: Gold price surges

The price of gold has soared to $4,594 per ounce, marking a staggering 70 percent gain compared to the $2,676 recorded just a year ago.

Analysts say the rally has been driven by global inflationary pressures, geopolitical tensions, and a growing appetite for safe-haven investments.

Central banks are also strengthening their reserves, while ordinary citizens are once again reminded of gold’s enduring reputation as a store of value.

Central banks, on the other hand, are strengthening their reserves, and citizens are once again reminded of gold’s enduring reputation as a store of value.

Gold started 2025 around $2,640 and climbed to $3,200 by April. It stayed mostly steady until the end of August, then jumped again, breaking $4,300 in mid-October.

In trading, gold rose 2.4%, and US gold futures went up by 2.8% for the period.

Gold price hits new record high of $4,400, up 68% in 2025

Other precious and industrial metals also recorded strong gains, with silver reaching a record high, while platinum and copper hovered near their respective peaks.

In the first two weeks of 2026, silver gained about 20%, improving profits compared to past years.

Gold rose over 4% in the first week of January, mainly because investors were seeking safe options after tensions between the United States of America and Venezuela.

Globally, the biggest gold producers remain China, Australia, the U.S., South Africa, Peru, Russia, and Indonesia.

On the consumer side, India, China, Turkey, the U.S., Saudi Arabia, Russia, and the UAE continue to dominate demand for gold jewellery.

Gold price

One year ago: $2676

Now: $4594 pic.twitter.com/F0bjO69nCA

— The Spectator Index (@spectatorindex) January 17, 2026