Gold Price History and the Gold/Silver Ratio: Charts and Data
Gold averaged $4,105 an ounce in October 2026, according to the World Bank, after a record monthly average of $5,020 in February 2026. The gold/silver ratio was about 72.
Key figures
Gold price history and gold/silver ratio at a glance
Gold, monthly average
$4,105/oz
October 2026
1-year change
+1.2%
vs October 2025
Highest monthly average
$5,020
February 2026
Gold/silver ratio
72.0
October 2026; 20-yr avg 70.7
Monthly table, last 36 months
Tap a column header to sort. Values are the last available observation in each month (World Bank monthly averages for gold and silver).
| 2026-10 | $4,105 | $57.00 | 72.0 |
| 2026-09 | $4,319 | $64.60 | 66.9 |
| 2026-08 | $4,411 | $65.40 | 67.4 |
| 2026-07 | $4,073 | $58.80 | 69.3 |
| 2026-06 | $4,228 | $66.70 | 63.4 |
| 2026-05 | $4,587 | $78.00 | 58.8 |
| 2026-04 | $4,721 | $75.90 | 62.2 |
| 2026-03 | $4,856 | $77.90 | 62.3 |
| 2026-02 | $5,020 | $81.90 | 61.3 |
| 2026-01 | $4,753 | $92.10 | 51.6 |
| 2025-12 | $4,309 | $62.30 | 69.2 |
| 2025-11 | $4,087 | $50.40 | 81.1 |
| 2025-10 | $4,058 | $49.40 | 82.1 |
| 2025-09 | $3,668 | $42.80 | 85.7 |
| 2025-08 | $3,368 | $38.20 | 88.2 |
| 2025-07 | $3,340 | $37.70 | 88.6 |
| 2025-06 | $3,353 | $36.00 | 93.1 |
| 2025-05 | $3,309 | $32.80 | 100.9 |
| 2025-04 | $3,218 | $32.20 | 99.9 |
| 2025-03 | $2,983 | $33.20 | 89.8 |
| 2025-02 | $2,895 | $32.20 | 89.9 |
| 2025-01 | $2,710 | $30.40 | 89.1 |
| 2024-12 | $2,648 | $30.80 | 86.0 |
| 2024-11 | $2,651 | $31.10 | 85.2 |
| 2024-10 | $2,690 | $32.40 | 83.0 |
| 2024-09 | $2,571 | $30.10 | 85.4 |
| 2024-08 | $2,470 | $28.50 | 86.7 |
| 2024-07 | $2,398 | $29.80 | 80.5 |
| 2024-06 | $2,326 | $29.60 | 78.6 |
| 2024-05 | $2,351 | $29.40 | 80.0 |
| 2024-04 | $2,331 | $27.50 | 84.8 |
| 2024-03 | $2,158 | $24.50 | 88.1 |
| 2024-02 | $2,023 | $22.70 | 89.1 |
| 2024-01 | $2,034 | $22.90 | 88.8 |
| 2023-12 | $2,026 | $23.90 | 84.8 |
| 2023-11 | $1,984 | $23.50 | 84.4 |
About the data
The World Bank's Pink Sheet publishes monthly average prices in nominal US dollars. Monthly averages are smoother than daily prices, so intramonth highs and lows are higher and lower than shown. The latest month in the World Bank file we used (updated November 3, 2026) is October 2026.
What is the gold/silver ratio?
It is the gold price divided by the silver price: how many ounces of silver one ounce of gold buys. Traders use it to compare the two metals. Silver has a larger industrial component, so it often falls harder in downturns and rises faster in strong markets, which moves the ratio. Over the last 20 years in this data, the ratio's highest monthly value was about 111, in April 2020.
What drives gold
- Real interest rates. Gold pays no interest, so higher inflation-adjusted yields raise the cost of holding it.
- The dollar. Gold is priced in dollars; a weaker dollar usually makes it cheaper for other buyers.
- Central-bank and investment demand. The World Gold Council tracks central-bank buying, ETF flows, jewelry and bar and coin demand every quarter.
- Risk events. Investors often buy gold during financial or geopolitical stress, though it can still fall in those periods.
Read Why is the gold price going up? and What is the gold/silver ratio telling traders?.
FAQ
Why monthly averages and not daily prices?
The World Bank publishes a free, long, consistent monthly series. Daily benchmark prices are set by the LBMA auction and are licensed.
What was the highest monthly average gold price?
In this data, $5,020 an ounce in February 2026.
Is a high gold/silver ratio a buy signal for silver?
No. It shows relative value only. The ratio can stay high or go higher for years.
Are these prices for coins or bars?
They are wholesale benchmark-style prices. Retail coins and bars cost more because of premiums and dealer spreads.
How to cite this page
UXS, “Gold Price History and the Gold/Silver Ratio: Charts and Data,” https://uxs.nz/statistics/gold-price-history-and-gold-silver-ratio/, data retrieved November 10, 2026. Underlying data: World Bank Commodity Price Data (The Pink Sheet), Updated on November 03, 2026.
Sources
- World Bank Commodity Price Data (Pink Sheet)
- LBMA: Precious metal prices
- World Gold Council: Gold Demand Trends
Facts checked November 10, 2026. X posts are cited as evidence of the question, not of the answer.