Gold Price in Taiwan Dollars (TWD)
Taiwanese investors naturally use Taiwan dollars for the majority of their transactions. Unfortunately, for those who wish to trade gold, they are confronted with the American dollar, rather than the homegrown ones, as the standard expression of value for the yellow metal.
On this page, we feature a history of gold’s prices for the past thirty years, only expressed in terms of TWD, not USD. At the very least, we’ve taken the headache of currency conversion off the table.
However, there are several important reasons to watch gold’s performance as it occurs in Taiwan dollars. Let’s discuss those, along with the best ways to use the chart on this page. We’ll also go over some of the highlights of the past three decades and some of the reasons behind the changing price of gold.
Why Monitor Gold in TWD?
Watching the price of gold in terms of Taiwan dollars isn’t simply a matter of convenience. You also gain immediate perspective about its current price and the meaning behind its shifts over time. If you can equate a price increase or drop to the cost of groceries, a car payment, or the utility bill, it’s much easier to piece together how much attention the change requires.
The bigger reason, though, is that there is an investment opportunity you have available to you that American traders do not. By watching the interactions between the Taiwanese and American dollars, you can reliably predict where gold might be headed next (absent other inputs). Consider the following scenarios:
- If TWD become weaker against USD, then the same amount of gold costs Taiwan investors more today than it did yesterday. Since money doesn’t grow on trees, Taiwanese gold buyers are less inclined to make a purchase – which is the definition of lowering demand. With the demand drop, a price drop is soon to follow.
- Conversely, if TWD become stronger in value against USD, Taiwanese investors are capable of buying more gold for the same amount of money today than they could yesterday. So, they buy more of it, causing demand to rise, and the price of gold increases. If you are looking to sell your gold, these periods can prove incredibly fruitful due to the additional profit you can realize.
How to Use the Gold Price Chart
The first thing to observe on our price chart is the information about the current day of trading on the Commodity Exchange (COMEX). We have the spot price, the ask price, and the bid price expressed in Taiwan dollars, and these figures are updated in real time. We also feature the day’s high and low prices, though those are only updated as trading pushes the price to new marks.
The chart proper is a chronicle of the gold prices at the close of business on every single trading day since January 1, 1995. Each datapoint on the chart is interactive, in the sense that you can get additional information and specifics about each one by touching it with a finger or a cursor.
The first thing to do, though, is to adjust the time horizon to suit your needs. If you’re interested in gold’s behavior during the past year, select one of the preset options on the dashboard and go from there.
If you want to look back in time, however, you’ll need to choose the option for “All.” Doing so will expand the chart to its full length. At that point, you’ll see blanks appear below “All.” You can enter exact start and end dates for your study into these boxes to narrow down your timeframe.
Alternatively, you can also choose to move the slider located underneath the chart itself. Move one or both of the ends to the start and end times you want, and go from there. This tool can be especially helpful if you’re trying to compare performances across equivalent amounts of time, such as year-to-year.
As you examine the datapoints, you may notice that the date associated with them may be “Month of” or “Week of.” In those cases, you are seeing the average price for the given time period. If you’re needing to look closer at individual dates, you’ll need to reduce the size of your date window.
Finally, you can run a comparison study between gold and other trading measures to see if any correlations exist between the two. Choose from the radio buttons on the dashboard to take a look at how gold responds to, say, the FTSE 100’s performance or the US dollar’s value itself.
Notable Events that Caused the Price to Shift
The past three decades have been quite eventful in the life of gold’s valuation. Tremendous changes have taken place, so we want to commemorate some of those extraordinary moments. However, due to gold’s intertwined relationship with various world events and situations, let’s also talk about the reasons behind each of these major price shifts.
| Date | Closing price (TWD) | Notes |
|---|---|---|
| May 11, 2006 | NT$22,656.32 | Gold’s price prior to 2005 displayed very little volatility and never rose beyond NT$15,000.. However, 2005 presented the world with the first indications of the coming recession and debt crisis that would come to be known as the Great Recession. Even as late as September 2005, an ounce of gold was still quite affordable. However, only eight months later, the price had jumped almost 50% higher and set a new record north of NT$22,000. |
| September 5, 2011 | NT$55,163.58 | From an economic point of view, the five years between 2006 and 2011 were some of the worst on record. Both the economic downturn and the inflationary measures governments enacted in response combined to push gold through a series of paroxysms. Each one of them presented a new all-time high, and this mark in 2011 would be the capstone of one of the biggest shifting eras of gold’s price. |
| August 6, 2020 | NT$60,803.93 | The record set in September 2011 would stand for nearly nine years, although there was a notable spike in 2016 after the passage of the Brexit referendum in the UK. However, prices began to rise in 2019 after some worries about trade disputes, but nothing prepared investors for the fear and uncertainty induced by the COVID-19 pandemic. The business and economic shutdowns left very few valid assets that would withstand any economic strife – but gold is one of those assets, and its record all-time high here finally surpassed the price during the Great Recession. |
| October 27, 2023 | NT$65,174.96 | The pandemic finally relented, and gold’s price receded from its August 2020 high water mark for more than three years. Somewhat interestingly, gold’s price in TWD did not spike in response to the Russian invasion of Ukraine in February/March 2022, which contrasts with the gold price history in many different currencies. However, the beginning of the war between Hamas and Israel in early October 2023 produced this new record high three weeks later. |
| April 21, 2025 | NT$111,137.01 | Gold remained near the 2023 record levels until February 2024. At that moment, investors became aware of the appearance of massive inflationary policies from several countries – especially the US and some of the other major economies. The price of gold began to climb, but its ascent accelerated tremendously as the uncertainty of another Trump presidency became more likely. The new president further exacerbated investor nervousness with his new tariff policy, which essentially plunged the US into a trade war with almost every other country – particularly China. Thus, investors – already buffeted by two wars on top of all the economic worry – figuratively ran screaming to the safe harbor promised by gold. |
| January 28, 2026 | NT169,463.63 | The acceleration in gold’s value did not end with the record in April 2025. If anything, things only went further as geopolitical tensions continued to mount. Another record high price occurred in October 2025 due to these issues and some concurrent central bank purchasing. However, when the US arrested Venezuelan president Maduro and made overtures toward the annexation of Greenland in January 2026, investors flooded into precious metals stores and to dealers to buy more. The result was that the price for an ounce of gold soared to just under 170,000 Taiwan dollars – nearly NT60,000 above the mark set only eight months before. |
What Influences the Price of Gold?
Real world events play a major role in the ebbs and flows of gold’s price. Because of gold’s status as a sort of financial safety net, its fortunes tend to move counter to the general motion of things. In addition, major world events that frighten and unnerve often inspire investors to increase their gold stashes. So, here are some of the more notable factors that can play a role in gold’s price changes.
- Geopolitics – Gold is an international trade, and conflicts between sovereign nations can affect the demand for gold profoundly. Wars, exposed spycraft, and trade disputes can each cause investors to panic about the effect that the fights may have on the economy and, by extension, their more traditional investments.
- The state of the economy – Gold’s performance often moves opposite to the broader economy. In strong economic periods, demand for gold can soften as investors pursue growth assets. In downturns, gold’s tangible store of value becomes more appealing.
- Central bank actions – Central banks can materially influence supply and demand. Large purchases can reduce available supply and raise prices, while large sales can increase supply and soften prices.
- Inflation – Expanding the money supply can dilute currency value. Gold’s intrinsic value is often seen as stable by comparison, which can drive demand higher during inflationary periods.
- Interest rates – Higher rates can increase the appeal of yield-bearing instruments, while lower rates can make gold more attractive as a store of value.
The Central Mint
The Central Mint is a subsidiary of the Central Bank of the Republic of China (Taiwan). This mint produces circulation coinage as well as commemorative coins and medals.
The mint began its service in Shanghai in 1920, but the political strife that followed put the mint in an unusual spot. Thus, in 1949, the mint followed the government to Taiwan and became a subsidiary of the Central Bank of the Republic of China in the process.
Taiwan Economy
The economy of Taiwan is one of the largest in Asia. Taiwan’s foreign trade has been the engine behind its rapid growth in recent decades. The economy is heavily export-oriented and is, therefore, vulnerable to global economic downturns.
As Taiwan’s economy continues to grow and expand, demand for gold could potentially increase. Those increases may occur both for investment-grade gold and for gold’s more common form, jewelry.
World Gold Prices
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