Gold price and price trends

The average price of gold price increased by 10.3% to US$1,247/oz in 2016 compared to US$1,130/oz in 2015.

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.

Quarterly average price, US$/oz

2016 2015 YoY Change, %
Q1 1,147 1,219 -6%
Q2 1,258 1,192 6%
Q3 1,335 1,124 19%
Q4 1,218 1,107 10%

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