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 2021.
The period between 2021 and 2025 will go down in history. Gold’s price accelerated to new heights in a short period, and we largely remain in this new era to this day.
This chart is a great tool for making future investment decisions. As we’ll discuss, there are real-world events that can mean big changes in the price of gold.
| Year | Year Open | Year High | Year Low | Year Close | Annual % Change |
| 2025 | $2,624.50 | $4,533.57 | $2,624.50 | $4,318.18 | 64.53% |
| 2024 | $2,063.73 | $2,693.76 | $2,025.82 | $2,624.49 | 27.17% |
| 2023 | $1,829.31 | $2,021.42 | $1,866.73 | $2,062.90 | 12.77% |
| 2022 | $1,804.27 | $1,973.82 | $1,652.85 | $1,823.26 | 1.05% |
| 2021 | $1,941.85 | $1,837.83 | $1,732.44 | $1,829.05 | -5.81% |
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 $1,941.85 per ounce in January 2021 to a maximum of $4,533.57 in December 2025. So, an ounce of gold purchased 5 years ago is worth 122.38% 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 factors that have contributed to the price of gold over the last five years.
- January 4, 2021 – $1,941.84: The COVID-19 pandemic is still gripping most of the world’s economies, and the gold price reflects as much. As a reminder, gold was available for less than $1,100/oz at various times during the 2010s, so this price point was not on the low end.
- October 20, 2022 – $1627.07: After the pandemic finally wound down, some hope began to creep into the public mind about the economy and recovery. Thus, gold declined significantly, reaching its 5-year nadir more than $300 below the levels reached in 2021.
- 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.
- April 8, 2025 – $2,983.44: This date is the last time that gold was available for less than $3,000/oz. The first three months of 2025 brought an almost daily barrage of new all-time record-high prices, and this brief lull likely resulted from profit-taking.
- January 28, 2026 – $5,414.49: No matter the reason behind the April 2025 swoon, it was the last moment that gold’s price resembled anything in the historical record. Only nine months later, gold set a new record, gaining nearly $1,100/oz in January 2026 alone.
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 – most notably, the gold price declined almost $500 in a single day on January 30, 2026, only days after breaking the all-time record.
- 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.
