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Gold's present cost as of October 22, 2025

Danny BakstBy Danny BakstCompliance and production manager
A pile of gold coins and gold bars.
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Gold's price stood at $4,509 per ounce at 10 a.m. Eastern Time on October 22, 2025. This represents a $149 decrease compared to yesterday at the same hour, yet it's still over a $1,344 increase from the previous year.

TL;DR

  • Gold's price on October 22, 2025, was $4,509 per ounce, down $149 from yesterday but up $1,344 from last year.
  • Gold is considered a secure, low-risk asset during economic uncertainty, preserving wealth rather than a conventional investment.
  • Investing in gold can enhance portfolio diversification and lessen market fluctuations, especially during periods of inflation and instability.
  • Popular gold investment options include gold bars, coins, jewelry, futures contracts, and gold funds like ETFs.
Gold price per ounce% Change
Price of gold yesterday$4,208+3.67%
Price of gold 1 month ago$3,647-10.15%
Price of gold 1 year ago$2,715-33.12%
Price of gold yesterday
Gold price per ounce$4,208
% Change+3.67%
Price of gold 1 month ago
Gold price per ounce$3,647
% Change-10.15%
Price of gold 1 year ago
Gold price per ounce$2,715
% Change-33.12%

For an investment unaffected by inflation fluctuations, consider gold. Gold has historically shown an increase in value over the long term. A popular method for acquiring and keeping gold is a gold IRA. This option is also convenient for individuals seeking to bypass the expense and hassle of safeguarding actual gold.

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Historical gold price chart 

Gold doesn't always beat conventional stocks across all financial scenarios. During robust economic periods, equities can yield superior returns over both brief and extended durations. Between 1971 and 2024, stocks saw average annual returns of 10.7%, whereas gold averaged 7.9%.

During periods of economic uncertainty, gold is considered a secure, low-risk asset. Consequently, many individuals perceive it as a means of preserving wealth rather than a conventional investment such as stocks or bonds.



What does “spot gold” mean? 

The current gold price, known as the spot price, reflects the rate for immediate transactions when purchasing gold over-the-counter. This metric assists investors in monitoring real-time demand and market trends. In essence, an elevated spot price indicates increased demand. Unlike futures contracts, the spot price pertains to instant settlement.

Contango occurs when the future price exceeds the spot price, a situation frequently observed with commodities that incur substantial storage expenses. Conversely, backwardation is the term used when the futures price is lower than the spot price.

Frequent shifts in the spot price can be attributed to numerous elements, necessitating that keen gold traders remain ready for such fluctuations.

What is price spread in gold trading?

A price spread is the difference between the buying and selling price of an asset.

When trading gold, the ask price represents the cost to purchase, while the bid price is the amount you get for selling. The bid price consistently falls below the ask price.

A narrower spread indicates greater market liquidity. Tight spreads imply robust demand for gold.

How to invest in gold 

When you think about investing in gold, picturing yourself diving into a heap of coins is only partially accurate. Although you can acquire tangible gold in the form of bars, coins, or jewelry, a significant portion of gold trading occurs through exchange-traded funds (ETFs).

Popular gold investment options include:

  • Gold bars: Also called bullion, sold by weight, with purity and manufacturer details stamped on the bar. Gold rounds are essentially the same, with the only notable difference being the shape of the bullion. 
  • Gold coins: Coins for collectors, such as the American Gold Eagle, typically command a higher price than gold bars of equivalent weight, a difference attributed to their scarcity.
  • Gold jewelry: Priced above gold content for design and craftsmanship.
  • Gold futures contracts: Agreements to buy gold at a set price in the future, allowing speculation without handling the physical metal.
  • Gold funds: Mutual funds or ETFs invested in gold assets, with values tied to the underlying portfolio.


Is it a good time to invest in gold?

The optimal moment to invest in gold is debatable, yet incorporating it can enhance portfolio diversification and lessen market fluctuations.

Gold serves as a reliable investment during volatile market conditions. Its value has reached unprecedented levels, increasing by more than 25% since early 2025, driven by inflation and instability. Numerous analysts recommend this period as opportune for diversifying portfolios with gold.

Current precious metals prices by 9:10 a.m. ET on October 22, 2025

Precious MetalPrice per ounce
Gold$4,059
Silver$48
Platinum$1,557
Palladium$1,426
Gold
Price per ounce$4,059
Silver
Price per ounce$48
Platinum
Price per ounce$1,557
Palladium
Price per ounce$1,426

Investors also show a preference for silver, platinum, and palladium. Compared to silver, gold typically exhibits less volatility, as silver's price can experience significant swings within a day. The demand for silver in industrial applications renders it more sensitive to economic shifts.

Platinum and palladium function much like silver. Although they provide diversification, they generally exhibit greater volatility compared to gold.



The takeaway 

The U.S. Economy is experiencing instability, largely due to persistent inflation. Gold offers a way to protect your portfolio against rising prices. With several acquisition options available, it's a fairly obtainable investment for many individuals. Regardless of whether you opt for a gold IRA or a more direct investment, gold can assist in achieving your financial objectives, both immediate and future.

Frequently asked questions

The most effective method for acquiring gold involves purchasing it through reputable dealers or financial institutions.

Many investors choose gold ETFs, which offer a managed portfolio of easily traded assets.

Is gold a good investment?

Investors frequently consider gold a reliable option for enhancing portfolio diversification and hedging against inflation, with numerous accessible investment avenues available.

When deciding between gold coins and gold bars, consider their respective advantages.

Collectors may find gold coins priced higher per ounce than gold bars, with their historical and collectible appeal attracting certain investors. Additionally, U.S. Minted coins offer a safeguard against fake bars.

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