Gold Price Index 2025

Gold Price Trend, Index and Forecast

Track the latest insights on gold price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

Gold Prices Outlook Q3 2025

• USA: USD 3473/OZ
• China: USD 3020/OZ
• Indonesia: USD 3444/OZ
• Japan: USD 3491/OZ
• Brazil: USD 3556/OZ

Gold Price Chart

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During the third quarter of 2025, the gold prices in the United States reached 3473 USD/OZ in September. The upward movement in prices was largely influenced by sustained investment demand and a cautious financial environment. Gold benefited from increased portfolio hedging activity as market participants adjusted positions amid economic uncertainty. Reduced appetite for risk-sensitive assets further supported buying interest. On the supply side, limited domestic mine output growth and stable import flows contributed to a tighter market balance.

During the third quarter of 2025, the gold prices in China reached 3020 USD/OZ in September. Prices were supported by resilient consumer demand and steady purchasing from institutional buyers. Gold maintained its appeal as a value preservation asset amid domestic economic adjustments. Import regulations remained stable, enabling consistent inflows to meet fabrication and investment needs. Seasonal jewelry demand and cautious household spending patterns favored gold accumulation.

During the third quarter of 2025, the gold prices in Indonesia reached 3444 USD/OZ in September. The Indonesian market experienced upward prices due to stable domestic consumption and constrained supply availability. Mining activity remained steady, but logistical limitations affected distribution efficiency. Gold demand from investment channels increased as market participants sought assets with long term value retention. The jewelry sector also contributed to consistent offtake.

During the third quarter of 2025, the gold prices in Japan reached 3491 USD/OZ in September. Prices trended higher due to strong investment demand and stable industrial usage. Gold continued to be favored as a defensive asset amid cautious economic expectations. Retail investment demand remained firm, supported by long standing consumer trust in precious metals. Supply conditions were balanced, with steady imports meeting domestic requirements.

During the third quarter of 2025, the gold prices in Brazil reached 3556 USD/OZ in September. The Brazilian market saw price gains supported by firm domestic demand and controlled supply conditions. Gold benefited from sustained interest as a hedge against financial volatility. Mining output remained stable, while export flows were selectively managed, tightening domestic availability. Jewelry demand and investment purchases both contributed to market strength.

Gold Prices Outlook Q2 2025

• USA: USD 3352/OZ
• China: USD 2955/OZ
• Indonesia: USD 3340/OZ
• Japan: USD 3344/OZ
• Brazil: USD 3437/OZ

During the second quarter of 2025, the gold prices in the USA reached 3352 USD/OZ in June. As per the gold price chart, the quarter saw frequent intraday spikes triggered by geopolitical headlines and dollar movements. As the dollar weakened, institutional buyers and foreign central banks increased their gold purchases, boosting prices. Besides, investor positioning shifted heavily into defensive assets, with gold being the primary beneficiary.

During the second quarter of 2025, the gold prices in China reached 2955 USD/OZ in June. Chinese gold ETFs saw a turnaround in June, ending a period of flat demand. But this late-quarter inflow came after a noticeable cooling of interest in May, influenced by less geopolitical friction and a drop in safe-haven buying. Moreover, Q2 momentum clearly faded by the end of the period. This drop in trading activity in June suggested weaker speculative interest, which removed some upward pressure on prices.

During the second quarter of 2025, gold prices in Indonesia reached 3340 USD/OZ in June. The Indonesian rupiah hit historic lows during this period. The central bank's intervention failed to meaningfully stabilize the currency, and public confidence waned. As the rupiah depreciated, gold became more expensive in local terms and attractive as a store of value. People feared further losses if they held cash, so they turned to gold, influencing pricing trends.

During the second quarter of 2025, the gold prices in Japan reached 3344 USD/OZ in June. Tariff threats introduced fresh uncertainty for Japan's export-heavy economy. This led to increased domestic interest in gold as a store of value, especially from retail investors. Moreover, as the yen weakened and safe-haven buying picked up, premiums on gold bars rose by the end of June. Besides, local demand outpacing supply, especially among retail dealers stocking up ahead of potential market shocks, influenced pricing trends further.

During the second quarter of 2025, the gold prices in Brazil reached 3437 USD/OZ in June. Brazil’s gold prices were shaped by international inflations, global safe-haven demand, high interest rates domestically, along with tepid economic growth. A weaker US dollar caused gold to become cheaper internationally, boosting demand. Simultaneously, increased volatility in the Brazilian real (amid fiscal uncertainty and elections) amplified local gold swings.

Gold Prices Outlook Q1 2025

• USA: USD 3100/OZ
• China: USD 2875/OZ
• Indonesia: USD 2950/OZ
• Japan: USD 2940/OZ
• Brazil: USD 2990/OZ

During the first quarter of 2025, the gold prices in the USA reached 3100 USD/OZ in March. As per the gold price chart, concerns over U.S.-China trade tensions, global political stress, and potential tariffs fueled demand for gold as a safe-haven asset. Besides, a weakening U.S. dollar made gold more attractive to foreign buyers as it became cheaper in other currencies.

During the first quarter of 2025, gold prices in China reached 2875 USD/OZ in March. Prices experienced significant fluctuations, influenced by a combination of factors, including China's increasing gold reserves, global economic uncertainties, and shifts in investment strategies. The period also saw a shift in consumer behavior, with more emphasis on gold bars and coins as investment tools. 

During the first quarter of 2025, the gold prices in Indonesia reached 2950 USD/OZ in March. Indonesia's economic conditions, including impacts from tax changes and government policies, influenced local gold prices. Besides, the increasing use of technology in the Indonesian mining sector and sustainability also affected gold production and supply.

During the first quarter of 2025, the gold prices in Japan reached 2940 USD/OZ in March. Prices in Japan saw fluctuations due to a combination of global factors, including rising geopolitical tensions, and the Bank of Japan's (BoJ) policy decisions regarding interest rates and yield curve control. These factors influenced the demand for gold, leading to price volatility. 

During the first quarter of 2025, the gold prices in Brazil reached 2990 USD/OZ in March. Gold prices in Brazil, mirroring global trends, saw significant fluctuations. Changes in the exchange rate between the Brazilian real and the U.S. dollar impacted the price of gold.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing gold prices.

Europe Gold Price Trend

Q3 2025:

During the third quarter of 2025, the gold price index in Europe reflected a firm upward trend, supported primarily by sustained investment demand. Market participants increasingly favored gold as a defensive asset amid ongoing economic uncertainty and cautious financial outlooks across major European economies. Institutional investors and private holders maintained steady buying interest, limiting downside pressure. Jewelry consumption showed a gradual recovery, particularly in mature consumer markets, which helped absorb available supply and improve overall market balance.

Q2 2025:

Trade tensions, tariff threats from the US on the EU, Middle East risk, and the Russia–Ukraine war all lifted gold as a haven. Besides, Europe’s political unease, economic stagnation, and faltering euro value made gold particularly compelling. ECB rate moves aimed at growth but risking higher inflation, fueled gold interest. Moreover, Germany and Italy called to repatriate gold held in the US, fearing it might not be safe under Trump’s influence on the Federal Reserve, further influencing pricing trends.

Q1 2025:

As per the gold price index, central banks, including those in Europe, increased their gold holdings, contributing to pressure on prices. Besides, geopolitical tensions and economic uncertainty related to trade policies and global events played a role in driving investors to gold as a hedge against risk. Moreover, elevated demand for physical gold also influenced prices.

Detailed price information for gold can also be provided for an extensive list of European countries.

North America Gold Price Trend

Q3 2025:

During the third quarter of 2025, the gold price index in North America showed positive momentum, driven by strong investor participation and sustained risk aversion. Gold continued to attract capital as a portfolio stabilizer amid cautious financial sentiment and selective asset allocation strategies. Investment inflows remained consistent, reinforcing market confidence. Physical demand from industrial applications and jewelry manufacturing stayed stable, providing an additional layer of demand support.

Q2 2025:

As evident by the gold price index, the rise in gold prices, particularly in the USA was influenced by the weaker dollar, stagnant interest rates, and heightened geopolitical and economic risks. Treasury yields remained relatively flat in Q2, which helped stabilize the opportunity cost of holding gold. The Fed paused rate hikes after signs of slowing inflation and weaker job growth. Besides, investor sentiment shifted further toward defensive assets. Gold benefited directly from safe-haven demand across hedge funds and family offices in North America. Increased allocation from wealth managers responding to geopolitical risk premiums also played a role in shaping pricing trends.

Q1 2025:

Concerns about a potential U.S. economic slowdown, fueled by factors like trade wars and high inflation, pushed investors towards safe-haven assets like gold. Besides, a decline in the U.S. dollar and U.S. bond yields made gold more attractive to investors. Moreover, the Trump administration's trade policies and concerns about tariffs also contributed to gold's strength. 

Specific gold historical data within the United States and Canada can also be provided.

Middle East and Africa Gold Price Trend

Q3 2025:

The report explores the gold pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Q2 2025:

As per the gold price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Gold Price Trend

Q3 2025:

The Asia Pacific region experienced higher gold prices due to resilient consumer demand and steady investment interest. Gold continued to be favored by households and institutional buyers seeking long term value preservation. Jewelry consumption remained consistent, supported by stable purchasing behavior across key markets. Investment demand also contributed positively, as buyers maintained cautious financial strategies. Supply availability was carefully managed, with steady import flows aligning closely with regional consumption needs.

Q2 2025:

Gold prices in the Asia Pacific region during Q2 2025 were influenced by a mix of investor sentiment shifts, central bank activity, and market dynamics centered particularly in China. Gold futures trading at the Shanghai Futures Exchange dropped sharply in June due to easing US-China trade tensions and lower risk appetite in the futures market. Besides, the retreat in speculative activity also meant less upward pressure from short-term trades, contributing to more range-bound prices in late Q2. Additionally, as the Indonesian Rupiah depreciated, gold became more expensive in local terms and more attractive as a store of value, further influencing pricing trends.

Q1 2025:

In March 2025, gold saw an increase in its price, which made March one of the best months for gold in decades, setting the tone for a very strong performance in Q1. Besides, China saw gold withdrawals rebound in March after a slow period in February due to the holiday season. This boost, combined with strong investment demand, helped push the local gold price premium higher in March. On the other hand, gold imports to China during the first two months of 2025 were relatively weak. This was due to low demand and the presence of local price discounts, which made imports less attractive during this period.

This gold price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Gold Price Trend

Q3 2025:

Latin American gold prices strengthened as domestic demand remained firm and supply conditions were effectively managed. Investment interest increased as gold was viewed as a reliable asset amid limited alternative investment options. Jewelry demand provided a steady baseline consumption, supporting market absorption. Mining output and domestic availability remained controlled, preventing excess supply from exerting downward pressure on prices.

Q2 2025:

As per the gold price index, prices saw an upward trend driven by global safe-haven demand, regional central bank policies and shifting currency dynamics. Strong purchases of bullion by central banks, part of a broader global trend, supported prices. Moreover, geopolitical turmoil also amplified investor flight to gold. Besides, diverging regional interest-rate policies affected local credit and currency flows, indirectly altering gold price dynamics.

Q1 2025:

As per the gold price index, in Q1 2025, the average price of gold in Mexico increased, reflecting a significant increase compared to the previous year, with a year-over-year gain. This rise in gold prices was attributed to factors like geopolitical uncertainty, stock market volatility, and the weakening U.S. dollar. 

This comprehensive review can be extended to include specific countries within Latin America.

Gold Pricing Report, Market Analysis, and News

IMARC's latest publication, “Gold Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the gold market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of gold at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed gold prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting gold pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Gold Industry Analysis

The global gold market size reached 3,094.3 Tons in 2025. By 2034, IMARC Group expects the market to reach 3,566.4 Tons, at a projected CAGR of 1.59% during 2026-2034. The market is primarily driven by the expansion of gold production capabilities in well-known mining areas, jewelry consumption, and gold’s stability and liquidity.

Latest News and Developments:

• December 2025: Artemis Gold Inc. received approval from its board of directors to proceed with an expanded Phase 2 development plan for the Blackwater Mine in central British Columbia. Through the Phase 2 development, throughput is projected to rise from approximately 8 Mtpa, by the end of 2026, to about 21 Mtpa, by the end of 2028. Following the completion of Phase 2, the Blackwater Mine is anticipated to achieve average annual gold output ranging between 500,000 to 525,000 ounces over its first decade of full operations.
• May 2024: Barrick Gold Corporation revealed a collaboration with Geophysx Jamaica Ltd. to investigate 4,000 square kilometers of Jamaican land. The goal of this partnership was to utilize Geophysx’s knowledge of the area and Barrick's assets to find fresh gold and copper reserves.

Product Description

Gold is a dense, soft, malleable, and ductile metal with a bright, slightly reddish-yellow color. It is naturally found in its pure form in nuggets, grains in rocks, and alluvial deposits. It is obtained through mining activities, which involve extracting it from the ore through various processes like crushing, grinding, and a sequence of chemical or mechanical steps to separate the gold. Gold is typically categorized into two primary types depending on its purity, including 24-karat gold, pure gold, and lower karat numbers representing gold mixed with other metals for hardness and color modification.

Gold is primarily utilized in jewelry for its attractiveness and ability to resist tarnishing. It is crucial in aerospace for its infrared radiation reflection properties, which shield spacecraft and astronauts from solar radiation. It finds applications in dental fillings and implants in both dentistry and medicine because of its biocompatibility. It is also employed in medical therapies, such as in injections for managing rheumatoid arthritis.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of gold pricing, covering global and regional trends, spot prices at key ports, and a breakdown of ex-works, FOB, and CIF prices.
• The study examines factors affecting gold price trend, including supply-demand shifts and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The gold price charts ensure our clients remain at the forefront of the industry.