Gold Prices in Brazilian Real
The US dollar is the standard currency used to value gold worldwide. However, USD are of little use to residents in Brazil. So, this chart is a record of gold’s price expressed in Brazilian reals.
This chart is a record of gold’s movement according to its closing price every day. It also allows you to monitor today’s price of gold in real time throughout the current day’s trading.
Best of all, you don’t have to go through conversion tables to understand what’s really happening. So, let’s talk about the merits of watching the price of gold in terms of Brazilian reals.
Why Monitor Gold in Brazilian Reals?
Monitoring the gold price in Brazilian reals is a good idea for Brazilian investors because it takes away one of the steps in the process. If you confine your study and trading of gold to US dollars, you are going to have to consider exchange rates to Brazilian reals at some point.
The floating exchange rate system adds an additional dynamic to trading gold because it creates a situation where gold’s price may increase or decrease in reals due to changes in the strength of BRL against USD. Here’s what we mean:
- If the real loses value in comparison to the dollar, then it becomes better to sell and worse to buy. So, as demand falls, so, too, does the price of gold.
- By contrast, if the real appreciates against the dollar, then buyers gain the upper hand because they can buy gold at the same amount for less. So, in this scenario, the price of gold tends to increase.
How to Use the Gold Price Chart
Our Brazil price chart has every closing day price for gold since January 1, 1995. Hovering your cursor or finger over the chart itself reveals the price of gold – in BRL – along with the date associated with that price.
You can also select from our preset timeframe buttons on the left, along with comparing the price movement to other financial measures and performances. If you have a specific range of dates in mind, you can enter them into the boxes below or use the slider feature beneath the chart itself.
Gold Price in BRL vs USD
Having the price of gold expressed in BRL, rather than USD, is helpful because it’s easier for investors in Brazil to contextualize the prices in terms of other local products.
The BRL price may also reflect value movements that are not shared by the USD price. Much of the value of one currency against another is in the perception of its strength or weakness. Thus, the perception of whether the real is getting stronger or weaker against the dollar may create a self-fulfilling prophecy of sorts – but it might also create investment opportunities.
Related: Silver price in BRL
Notable Events that Caused the Price to Shift
Gold’s performance in the past five years, regardless of the currency used, has been nothing short of remarkable. The table below is a way to understand both the severity of gold’s price shifts in times past and the likely events that instigated the movements.
| Date | Closing price (BRL) | Notes |
|---|---|---|
| August 22, 2011 | R$3,042.58 | The first time in history that gold closed at a price greater than R$3,000. The record coincided with several others around the world, including in the US. The spike came due to ongoing concerns about the aftereffects of the Great Recession and several areas of geopolitical strife. |
| February 19, 2016 | R$4,957.44 | A new all-time high represented an increase in value of more than 60% in 5 years. This date also presented the nearest close to R$5,000 up to that point. Oddly enough, there does not seem to be any specific event that caused the spike – the likely culprit was some weakening of BRL against USD. |
| August 10, 2020 | R$11,118.49 | Although the price finally breached R$5,000 in April 2019, gold had more or less traded between R$3,500 and R$4,500 for more than three years. However, the onset of the COVID-19 pandemic was a turning point, and the droves of people worldwide seeking refuge in gold pushed the price to this number, a new all-time high and the high water mark for the pandemic increases. |
| February 20, 2024 | R$9,975.65 | At the time, this price did not seem to represent anything significant. However, it would be the very last time that gold would be available for less than R$10,000 per ounce. Rising concerns about unrest in multiple worldwide locations and inflation in multiple economies conspired to push gold to new heights. |
| April 21, 2025 | R$19,892.11 | What a difference a year makes. Gold doubled its price in 14 months due to ongoing economic troubles, now exacerbated by the US essentially declaring a trade war on the entire world. Gold may break through R$20,000 in the very near future. |
What Influences the Price of Gold?
The price of gold is a function of the interaction between the available supply of gold and the amount of demand the market has for it. However, there are several external factors that can affect either metric and create movements on the price one way or the other. So, let’s talk briefly about the different drivers that may impact the price of gold.
- Economic conditions: Gold is seen as a safe haven against economic downturns or instability. In tough times, the price of gold often increases as investors look for ways to protect their net worth.
- Inflation – If a government chooses to inflate its currency, the price rises for two different reasons. For one thing, it takes more currency to buy the same amount of gold as in the past. For another, investors are less apt to keep their wealth in a depreciating currency and often go for gold in greater numbers.
- Interest rates—Investors are funny about interest rates. If they are higher, they tend to support financial instruments like bonds and treasury notes to take advantage of the near risk-free returns. If they are lower, however, gold’s stability becomes more attractive, and its price rises as a result.
- Geopolitics – Wars, be they military or economic, are bad for business. Their uncertainty makes people worry about the health of their own finances. Worry about finances drives investors into the arms of gold, and the price of gold increases.
- Logistics – Getting gold ore out of the earth is not easy, and shipping it worldwide isn’t a snap, either. Mining disruptions, labor disputes, and shipping difficulties can all constrict the supply of available gold and cause the price of gold to spike.
- Technology – Technology can affect both the supply and demand for gold. If new technology allows for deeper and more efficient mining, then the supply of gold may increase and bring the price down. On the other hand, increased demand for gold from various industries would have the opposite effect, and cause prices to continue to grow.
Casa Da Moeda do Brasil
The Casa Da Moeda do Brasil is the Brazilian Mint. This mint was established in 1694 and is owned by the Brazilian Government. The mint is in a western suburb of Rio de Janeiro.
The mint produces not only circulating coinage and banknotes but also makes medals. The Brazilian Mint produced the medals for the 2016 Summer Olympics in Rio.
Brazil’s population and economy could grow in the future, and the country is a large exporter of coffee, soybeans, beef and other products. As the nation’s population grows and as further investment is made in Brazil, demand for gold and other precious metals could potentially rise.
World Gold Prices
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- United States Gold Price
