Gold Silver Platinum Palladium Prices and Investment Opportunities

Investing in gold, silver, platinum, and palladium can be a savvy move for those looking to diversify their portfolios and potentially reap long-term rewards.

These precious metals have been used for centuries as a store of value and a hedge against inflation.

Their prices can fluctuate based on supply and demand, but they tend to perform well during economic downturns.

Gold, in particular, has historically been a safe-haven asset, with its price often rising during times of market volatility.

The precious metals charts on this page show historical prices for gold, silver, platinum, and palladium, with prices listed in U.S. dollars per ounce.

You can view prices for a specific period, such as between January 1, 1973 and December 1, 2018, or select a set period like 5 days, 1 month, 1 year, 5 years, 10 years, or the maximum period available.

The current gold spot price is the standard for measuring the current cost of one troy ounce of gold, and it automatically updates with the current gold spot price.

Gold prices have reached an all-time high, with an ounce of gold trading for a record price, although an adjustment for inflation shows that the 1980 spike was bigger.

The current silver spot price measures the current cost of one ounce of silver, and it automatically updates with the current silver spot price.

Silver prices remain in a holding pattern, below their peak in 2011 but much closer to that mark than the depths of the early 2000s.

The current platinum spot price is an up-to-the-minute measure of the current cost of one troy ounce of platinum, and it automatically updates with the current platinum spot price.

Platinum's high point remains at its peak in 2008, and its price has trended downward in recent years, but it is still more than twice as valuable as it was in 2001.

The current spot price is a crucial factor to consider when buying precious metals. The gold spot price is the standard for measuring the current cost of one troy ounce of gold.

You can easily check the current gold spot price on our website, which automatically updates in real-time. This ensures you're always getting the right value for your gold bullion purchases.

The silver spot price measures the current cost of one ounce of silver, and it's also updated automatically on our website. This allows you to see past data about silver prices and buy at the right time.

The platinum spot price is an up-to-the-minute measure of the current cost of one troy ounce of platinum, and it's also updated automatically on our website. This helps you pay the right amount for your platinum bullion.

The LBMA is a well-established and respected organization when it comes to setting prices for precious metals.

The LBMA Gold, Silver, Platinum, and Palladium price auctions are recognized as the international global benchmarks for precious metals.

These auctions are conducted twice daily, with the gold auction taking place at 10:30am and 3pm London time.

The LBMA Gold Price is set in US dollars per fine troy ounce of 995 gold, and the final price is converted into multiple currencies.

The LBMA Silver Price is set each business day at 12:00 London time in US dollars per 999 fine ounce.

The LBMA Platinum and Palladium Prices are independently administered and set twice daily at 09:45 and 14:00 London time in US dollars per 9995 fine ounce.

The prices for these precious metals are fully transparent and globally accepted as the basis for pricing various transactions.

The LBMA's prices are used as a basis for cash-settled forward and option transactions, and are fully IOSCO compliant.

The intellectual property for all four global precious metal benchmarks is held by Precious Metals Prices Limited, a subsidiary company of the LBMA.

Precious Metals Prices Limited was incorporated at Companies House on 1 December 2014.

The LBMA's website displays prices effective on each Pricing Date, making it easy to access the latest prices.

The LBMA's prices are set when transactions between buyers and sellers are matched within a certain defined and published tolerance.

Gold prices have never been higher, but an adjustment for inflation shows that the 1980 spike was bigger than this one.

The massive increase in the money supply implemented by the government in recent years has driven up gold prices. This is because gold tends to follow spikes in the amount of currency available.

The velocity of the money supply, which measures how much money in circulation is being traded or saved, is extremely low, indicating perceived weakness in the economy.

Platinum's high point remains at its peak in 2008, with its price trending downward in recent years but still more than twice as valuable as it was in 2001.

Palladium prices reached a new all-time high in 2022, with an ounce of the metal trading for roughly $2,200 at one point, due to ongoing tensions and unrest in Russia, one of its primary producers.

Silver prices remain below their peak in 2011 but are closer to that mark than the depths of the early 2000s, and may be poised for a rally upward again soon due to the trajectory of its sister precious metal, gold.

The increasing aggressions between the US and Russia are exacerbating concerns about palladium supplies, which could keep prices high.

Investing in precious metals can be done in various ways, including purchasing mutual funds and exchange-traded funds (ETFs) that invest in companies involved in the production of gold and other precious metals.

These funds often provide greater diversity than direct investment in a single commodity and can be a more suitable option for most investors due to the extremely volatile nature of the precious metals market.

You can also gain exposure to precious metals through physical investments, such as the Silver American Eagle (1 oz), Platinum American Eagle (1 oz), and Bullion Quality Bars.

It's worth noting that the prices of precious metals can be influenced by the perceived health of the economy, with demand for precious metals often increasing during times of economic uncertainty.

Buying precious metals with Fidelity can be a straightforward process. You'll need to start with a minimum initial investment of $2,500.

The order quantity is another important consideration. You can buy whole ounces or whole numbers of coins.

Keep in mind that Fidelity's order hours are limited due to the volatility in the precious metals market. They're available from 8:00 a.m.–3:00 p.m. ET.

If you're looking for alternative ways to invest in precious metals, you have options beyond buying physical gold or silver. You can also invest in companies that produce precious metals through mutual funds and exchange-traded funds (ETFs).

Fidelity offers a range of mutual funds and ETFs that give you indirect exposure to precious metals. This can be a more diversified approach than investing directly in a single commodity.

The precious metals market is extremely volatile, so it's essential to consider this before investing. Investing directly in physical precious metals may not be suitable for most investors.

You can purchase mutual funds and ETFs that invest in companies involved in gold and/or other precious metals production. This can be a more stable option than investing in physical precious metals.

Some popular precious metal products include the Silver American Eagle (1 oz), Platinum American Eagle (1 oz), and Bullion Quality Bars.

If you're considering investing in precious metals, there are a few things to keep in mind.

IRAs are subject to federal laws and restrictions governing their investments in precious metals. You can only purchase certain types of precious metals in a Fidelity IRA, such as the Gold American Eagle (1 oz, 1/2 oz, 1/4 oz, and 1/10 oz) and the Gold American Buffalo (1 oz).

Precious metals are not eligible to be held in other retirement accounts at Fidelity. This means you'll need to choose the right type of account for your investment.

Some influences that may affect demand for precious metals include anticipated or actual inflation, economic or political uncertainty, and demand in industrial uses. These factors can impact the price of precious metals and affect your investment.

Historically, precious metals have tended to do well during times of economic uncertainty or inflation, so they may protect long-term purchasing power. This is a reassuring thought, especially during turbulent economic periods.

Precious metals like gold and silver have a long history of withstanding economic downturns. They're often seen as a safe-haven investment during times of crisis.

Investors have turned to precious metals as a way to hedge against inflation and economic uncertainty. This strategy has proven effective in the past, as precious metals have often increased in value during periods of high inflation.

Whether you're new to investing or a seasoned pro, it's essential to understand the benefits and risks of investing in precious metals.