Gold price hits new record high of $4,600, up by 72% in 2026

Gold prices hit a new record high of $4,600 on Tuesday, January 13, 2025.

The rise came after unrest in Iran and pressure on the US Federal Reserve to cut interest rates.

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 US and Venezuela.

The biggest gold producers at the present are China, Australia, the US, South Africa, Peru, Russia, and Indonesia.

The top consumers of gold jewellery are India, China, Turkey, the US, Saudi Arabia, Russia, and the UAE.

SP/MA

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