Gold Prices in Chilean Pesos
The price of gold is inextricably tied to the US dollar, as it is the standard currency used to calculate the spot price for most of the world’s financial entities. However, for Chilean investors and collectors, it is a bit of a pain to have to convert from USD to Chilean pesos.
This page is here to help you make that leap. We offer an interactive chart that allows you to consider three decades’ worth of gold rates in CLP. You can zoom in and find the closing price from any trading day since January 1, 1995.
This page also makes the case for using the CLP chart as a tool to identify additional investment opportunities. So, here’s the rundown on monitoring the price of gold in Chilean pesos.
Why Monitor Gold in Chilean Pesos?
Although it is a hassle to convert the price of gold from dollars to pesos, that’s not the primary reason why you should use Chilean pesos when you monitor gold’s performance. Because you have introduced currency conversion into the mix, you have opened the possibility of trading gold based upon the exchange rate fluctuations between the two currencies alone. To illustrate, consider the following scenarios:
- If the peso weakens against the dollar, it becomes more difficult for Chileans to purchase the same amount of gold. Thus, demand for gold drops, and the price of gold ultimately goes with it.
- If the peso strengthens, however, then gold becomes easier for Chileans to buy. So, as peso users begin to buy more gold, the supply drops and the price goes up.
To be clear, doing the conversion from $ to CLP can be quite the chore because of the inflated value of the peso against the dollar. Even a single day of trading can bear witness to price shifts of tens of thousands of pesos, so it’s better if you keep the context of cost in CLP so as not to ignore meaningful shifts in dollars.
How to Use the Gold Price Chart
Our Chilean pesos gold price chart is designed to give you the freedom to find all the information you need. You can designate the timeframe you want using the preset radio buttons, or you can look at a more specific timeframe using the blanks below.
Alternatively, you can move the slider beneath the chart to set the period you want to examine. You can also set the slider to have a particular amount of time, then move it around to compare different eras.
The chart itself is also interactive. You can hover your cursor or finger over specific data points to get more information, including the specific date associated with the price. Each price given is the closing price for that date, rather than the open or the peak from the trading day.
Finally, you can also compare the price of gold in CLP against the performance of other commodities or financial instruments. This tool can let you look for trends and correlations between the two, and make better investment decisions after a result.
See more: Gold per gram – Gold per kilo
Gold Price in CLP vs USD
Exchange rates between CLP and USD vary according to several factors. Economic conditions in either country, inflation concerns, or changes to monetary policy can lead to one currency strengthening or weakening against the other.
However, one thing to keep in mind is the subjective aspect of exchange rates. If a currency is perceived as less valuable, it is likely to become less valuable in reality.
Notable Events that Caused the Price to Shift
Over the past three decades, the price of gold has experienced several radical shifts. Most of these have been price spikes, as gold’s value has trended consistently upward since the end of the gold standard era across the world.
Many of these spikes are directly or indirectly attributable to explicit world events or eras. So, let’s discuss some of the more notable events that caused the price of gold to shift dramatically.
| Date | Closing price (CLP) | Notes |
|---|---|---|
| September 5, 2011 | CLP1,169,124.46 | Gold prices in Chile had traded for most of its history beneath CLP200,000 until the world’s debt crisis began to unfold in the mid-2000s.As late as November 2005, an ounce of gold was available for less than CLP300,000. Less than six years later, those prices were a distant memory, as gold soared above 1 million pesos for the first time in August 2011 and set this all-time record a month later. |
| November 5, 2014 | CLP701,241.63 | Despite the fact that the old-style prices were gone, gold settled down as fears about the debt crisis began to fade. By the middle portion of the 2010s, the price of gold had fallen significantly, with this November 2014 price representing the lowest mark since January 2010. This value is the lowest price for gold since, and its status as the most recent nadir appears not to be in danger anytime soon. |
| August 10, 2020 | CLP1,634,833.98 | Gold prices had already begun rising due to inflation and economic concerns in 2019, and the price broke back through CLP1,000,000 in August 2019. However, the onset of the COVID-19 pandemic in early 2020 created a historic situation of fear and caution among investors of all stripes. Those emotions propelled the value of gold to this price in August 2020, only a year after gold could be had for less than CLP1 million. |
| April 16, 2024 | CLP2,335,041.77 | The pandemic surge eventually subsided, and gold settled back a bit, though it still traded each day above the mark set back in 2011. However, the presence of major wars in Ukraine and Israel, coupled with rising inflation rates (especially in the US) pushed gold above CLP2.3 million for a new record high in April 2024. What’s interesting, though, is not the height of this record, but how pedestrian this price would seem only a year later. |
| April 21, 2025 | CLP3,293,866.68 | The current all-time high occurred almost a year to the day from the previous record – which isn’t all that surprising. The surprising part is that the record smashed the old one by nearly CLP1,000,000 and represented a dramatic 41% increase in only 12 months. The spike reflected the ongoing situations in Ukraine and Israel and the increased inflation fears, but also added a new element – US President Trump’s decision to hike tariffs globally and, essentially, enter into a trade war with most of the other world’s powers. Investors didn’t know what to make of all of it, and flocked to the safety of gold in droves. |
| January 28, 2026 | CLP4,683,421.24 | Though the April 2025 mark seemed hard to believe at the time, more record gold prices were soon to follow. All of the same geopolitical tensions remained, while the combination of the US’ in-country arrest of Venezuelan president Nicolas Maduro and the US’ overtures toward the annexation of Greenland only exacerbated the situation further. All of the uncertainty pushed gold to a new record price. Only nine months after the April 2025 record, an ounce of gold cost nearly 1.4 million Chilean pesos more to buy. |
What Influences the Price of Gold?
Gold is like any other commodity in the fact that its price reflects the interaction between the supply of the metal and the public demand for it. Any fluctuations in price mean that one or both of the drivers has been affected by one or more factors. Here are some of those conditions that can drive supply or demand of gold and have a meaningful impact on its price:
- The state of the economy – Gold is widely considered to be an investment for protecting one’s wealth against economic downturns. Its tangibility and steadiness mean that it retains its value no matter what the economy is doing. So, in good times, expect the price of gold to drop due to the reduced demand. In bad times, the price tends to increase as more seek out a safe haven for their net worth.
- Inflation – Inflation often goes hand-in-hand with the economic conditions and may, in fact, be a more direct contributor to the valuation of gold. When inflation rates rise, the currency itself becomes diluted and less valuable. Thus, investors turn to gold in order to protect the intrinsic value of the assets they have today against the expected lesser value they’ll have tomorrow.
- Geopolitical conditions – Demand for gold tends to escalate as tensions, unrest, and war breaks out in areas of the globe. Because the world economy is so interconnected, hostilities can generate fears of supply restrictions or economic downturns far away from the physical location of the conflict. The conflicts don’t even have to be military in nature – the American decision to institute much larger tariffs and, in essence, declare a trade war with most of the countries of the world has undoubtedly fueled a major portion of gold’s explosive growth in late 2024/early 2025.
- Supply chain logistics – Gold stands apart from most investments in that it’s an actual thing. Furthermore, it’s a thing that must be removed from the ground and physically shipped to areas around the world. Mining gold is difficult and requires a great deal of machinery and labor, to say nothing of the procedures necessary to export the gold worldwide. Interruptions to any of these steps on gold’s journey can constrict supply and cause prices to increase.
- Interest rates – A country’s monetary policy with respect to interest rates can have a profound impact on the demand for gold and, in turn, its price. Low interest rates often reduce the risk/reward profile of normal investments for many investors, who turn to gold to fill the gap left by bonds, mutual funds, and treasury notes. However, with higher interest rates, investors tend to stick with more conventional investments in order to capitalize on the greater profit potential they promise.
This list of factors is not a complete set by any means. Any activity or condition that makes the supply of gold get larger or demand get smaller will reduce its price. Conversely, any situation that reduces supply or increases demand – all else being equal – will cause the price to go up.
Chilean Mints and Products
The Chilean Mint has been minting coins since 1749. The mint began producing coinage for the country when it was still a Spanish colony, and the mint now also produces coinage for other countries as well.
The mint uses an “S” mintmark on coins and medals that it produces, and the symbol is the oldest mintmark used by the nation. The “S” symbolizes the Apostle Santiago who is the patron saint of the capital. The Chilean Mint has built a solid reputation of quality and the “S” mintmark is recognized for that quality both locally and internationally.
If the Chilean economy continues to grow, the value of its currency could potentially increase. Chile has an abundant supply of copper (it’s one of the world’s largest producers), nitrate and timber.
It is considered one of South America’s most stable economies and enjoys high marks for income per capita, globalization, and economic freedom. Chile’s copper abundance and relatively high interest rates may make the region more attractive for foreign investment in the future, which may make the Chilean peso a much bigger player on the world stage.
World Gold Prices
- Arab Emirates Gold Price
- Australia Gold Price
- Brazil Gold Price
- Canada Gold Price
- Chile Gold Price
- China Gold Price
- Czech Republic Gold Price
- Denmark Gold Price
- Europe Gold Price
- Hong Kong Gold Price
- Hungary Gold Price
- India Gold Price
- Indonesia Gold Price
- Israel Gold Price
- Japan Gold Price
- Malaysia Gold Price
- Mexico Gold Price
- New Zealand Gold Price
- Norway Gold Price
- Pakistan Gold Price
- Philippines Gold Price
- Poland Gold Price
- Russia Gold Price
- Singapore Gold Price
- South Africa Gold Price
- South Korea Gold Price
- Sweden Gold Price
- Switzerland Gold Price
- Taiwan Gold Price
- Thailand Gold Price
- Turkey Gold Price
- United Kingdom Gold Price
- United States Gold Price






