5 Year Gold Price Chart

This page is your record of gold’s price during the past 5 years. The chart contains the price reached at the close of business on each trading day since January 2020.

The 2020s were a notable time for the price of gold. Even if you ignore the unprecedented run gold has had in 2025, those who purchased their gold at the beginning of the decade still saw their investments grow by more than $1,100/oz.

One thing to note is the fact that gold actually lost value in 2021 and, essentially, stayed even in 2022. So, the pathway to growth is not a straight one, and it is critical to understand that there will be many highs and lows along the way.

This chart is a great tool for helping to make future investment decisions. As we’ll discuss, there are real-world events that can mean big changes in the price of gold.

How to Use a 5-Year Chart

The past five years have coincided with unprecedented increases in the spot price of gold. During this period, the price of gold rose from $1518.41 per ounce in January 2020 to a maximum of $3,737.46 in September 2025. So, an ounce of gold purchased 5 years ago is worth 146.1% more now.

A 5-year chart of gold’s performance serves as a recent chronicle of the market for gold and, more broadly, the economic trends of the country as a whole. As a result, you can make better decisions about whether to buy gold or cash in on some short-term profits.

• Year Open: The year’s opening price sets the stage for all prices that come afterward. For the chart above, we used the price as close to January 1 as possible.
• Year High: The apex of the closing prices, the year high is the most objective measure of the positive movement for the year.
• Year Low: The nadir of the closing prices, or how bad things got (if at all) during the year.
• Year Close: The final tally for the performance of gold during a calendar year.
• Annual Percentage Change: The real measure of gold’s performance during the year. We used the open and close prices to calculate this percentage.

More: Today’s Gold Price – 10 Year Gold Chart – 20 Year Gold Chart – 30 Year Gold Chart

Key Dates

The prices observed for the spot price of gold in the past five years have experienced quite a few highs and lows – to be fair, mostly highs. A few key dates during the period have stood out as particularly significant, along with some of the factors that contributed to the price of gold in the last five years.

• December 5, 2019 – $1,476.90: We’re cheating a bit here, but this date is significant as it represents the very last time that the price of gold sank beneath $1,500/oz. Growing concerns over COVID-19 led to a steady increase in the price of gold.
• July 30, 2020 – $1957.08: Only four months after the officially-recognized beginning of the pandemic, gold reached a new all-time high price due to the incredible economic issues that everyone worldwide was experiencing.
• October 21, 2022 – $1656.43: After the pandemic finally wound down, some hope began to creep into the public mind about the economy and recovery. Thus, gold declined significantly and reached its 5-year nadir more than $300 beneath the all-time high achieved 15 months ago.
• May 4, 2023 – $2049.91: Dramatic rises in inflation and overwhelming concerns about the price for goods fueled an explosive escalation in the spot price for a troy ounce of gold. The weakening of the dollar led so many investors to flee to gold that the price breached $2000 per ounce for the first time only seven months removed from the 5-year low for gold.
• September 28, 2025 ~$3,800+ (record high): Gold entered uncharted territory on September 29, finally breaching the $3,800/oz barrier to set a new all-time closing high. The rally was less about one single shock and more about a perfect storm: mounting fears of a U.S. government shutdown, aggressive expectations of imminent Fed rate cuts, dollar weakness, ongoing geopolitical flashpoints, and relentless accumulation by institutional and retail buyers.

Other tools: Gold-to-Silver Ratio – Fear and Greed Index

Historical Context of 5-Year Gold Charts

• Fuller perspective: If you were to examine the gold prices from this year, you might get an idea about the way gold prices are going. However, you get a much deeper understanding about the context of the current prices if you take a look at the 5-year chart. For instance, the decrease of the price into the $1600s in October 2022 is significant because it comes in the middle of two record-breaking runs for gold.
• Performance evaluation: It’s important to see that gold does not simply move in a single direction. The longer view allows you to understand the rises and falls more accurately. Even within the bull market for gold that has occurred since 2023, there has been some choppiness in the price – including the $200 decrease that occurred in 14 days in 2024.
• Correlation with economic factors: Gold’s inverse relationship with the economy means that you can sometimes time the gold market according to the status of the economy. Although the correlation isn’t perfect, you can usually trace the country’s economic health according to the rises and falls of gold’s price.
• Monetary policy impact: The 5-year chart will provide an indication of both the reality and perception of inflation’s effects on the country and the Fed’s actions to combat it. As it does with the economy, the price of gold varies inversely with inflation.
• Global economic health: The longer the historical view you take, the better you can trace the ways that the global economy has moved. In particular, periods of great change or strife – like we’ve experienced the past 5 years – can be clearly seen in the performance of gold during the period.