2016

The gold price grew by 8.6% to US$1,152/oz as at the end of 2016 from close price of US$1,061/oz as at the end of 2015 with an upward trend in the first half of 2016 picking in August at US$1,366/oz following a sharp decline throughout November and December. The average price of gold price increased by 10.3% to US$1,247/oz in 2016.

2015

The average price of gold price fell gradually throughout 2015, and ended the year down by 4.5% year-on-year from US$1,266/oz to US$1,160/oz.

2014

The gold price was relatively stable in comparison with 2013. The average gold price was US$1,266/oz in 2014.

2013

Bullion prices loses 29 percent during the year.

2012

The gold price started to decline since the end of 2012. The slump came as gold investors, including in Exchange Traded Funds, digested comments from the U.S. Federal Reserve that stoked fears about a scaling back of bond purchases, which have been a crucial support for gold prices.

2011

Gold price reaches record high due to unrest in Africa and the Middle East.

2008

Benchmark gold contract trades for over $1,000 for the first time.

2004

SPDR Gold Shares exchange traded fund launches

1973

Most major countries adopt floating exchange rates.

1971

United States abandons the gold standard.

1944

Bretton Woods conference creates the Gold Exchange Standard.

1870-1900

All major countries (except China) link their currency to gold.

1848

California gold rush.

1717

Britain links its currency to gold.

1511

King Ferdinand of Spain launches expeditions to the Americas.

1300

World's first hallmarking system established in London.

564 BC

Croesus creates the first international gold currency.

600 BC

Gold used in dentistry by the Etruscans.

2600 BC

First gold jewellery created in Mesopotamia.

CONTACTS

Anastasia Shatskaya

Acting Head of Media Relations
tel.+7 495 644 44 73 #707 6697

ROMAN MEZHUEV

RECRUITMENT MANAGER
tel.+7 495 644 44 73

OLEG BAZALEEV

HEAD OF SUSTAINABLE DEVELOPMENT PROJECTS
tel.+7 495 644 4473 #707 6746