Gold Market Insights

Gold price history for 2022.


The average price of gold in the first quarter of 2022 was estimated to be around $2,082 per ounce, with record high of $2,272 per ounce in January 2022. Perhaps the most surprising development in the gold market in 2022 has been the level of demand from central banks. At the end of Q3, 673 t would have been added to reserves, a historic record. These purchases have largely supported prices throughout 2022.

  • Gold posted a small gain in 2022, not so trivial considering an unprecedented rise in rates and the strength of the US dollar.
  • 2022 was a classic example of gold’s stable, uncorrelated performance amid market turbulence. 
  • Weak institutional demand was offset by retail investment – ​​to hedge against inflation and geopolitical fears of the Ukraine-Russia conflict. Central banks had an exceptional year of net purchases.
MonthMediumMedium
Gold price January 20221.816,60 USD EUR 1,603.95
February 20221.857,90 USD EUR 1,638.28
Mars 20221.952,95 USD EUR 1,773.95
April 20221.939,25 USD EUR 1,789.82
May 20221.852,24 USD EUR 1,752.46
June 20221.841,13 USD EUR 1,741.29
July 20221.742,71 USD EUR 1,707.51
August 20221.765,78 USD EUR 1,744.10
September 20221.684,59 USD EUR 1,699.43
October 20221.665,53 USD EUR 1,694.17
November 20221.726,57 USD EUR 1,692.26
December 20221.796,73 USD EUR 1,698.29
DayHighestLowest% var.
30.12.20221.832,401.819,80+0.01%
29.12.20221.827,301.811,20+0.56%
28.12.20221.822,801.804,20-0.40%
27.12.20221.841,901.808,00+0.74%
26.12.20221.811,951.805,55+0.30%
23.12.20221.812,201.798,90+0.50%
22.12.20221.829,301.792,70-1.65%
21.12.20221.833,801.821,300.00%
20.12.20221.832,401.793,70+1.54%
19.12.20221.808,601.793,20-0.14%
16.12.20221.804,201.783,90+0.69%
15.12.20221.819,701.782,00-1.70%
14.12.20221.825,401.806,20-0.37%
13.12.20221.836,901.791,80+1.85%
12.12.20221.809,301.789,00-1.02%
09.12.20221.819,001.800,10+0.51%
08.12.20221.806,901.793,20+0.19%
07.12.20221.803,201.780,50+0.88%
06.12.20221.793,201.779,10+0.06%
05.12.20221.822,901.778,10-1.56%
02.12.20221.818,701.791,80-0.31%
01.12.20221.818,401.782,90+3.14%
30.11.20221.784,201.758,20-0.22%
29.11.20221.773,401.752,90+1.34%
28.11.20221.763,501.738,20-0.78%
25.11.20221.761,201.745,900.00%
24.11.20221.761,201.745,90+0.48%
23.11.20221.754,901.719,00+0.33%
22.11.20221.751,001.737,60+0.02%
21.11.20221.755,001.733,90-0.84%
18.11.20221.769,901.749,20-0.49%
17.11.20221.777,601.756,60-0.72%
16.11.20221.788,201.773,40-0.06%
15.11.20221.791,801.770,20-0.01%
14.11.20221.778,401.755,80+0.42%
11.11.20221.775,601.750,30+0.90%
10.11.20221.760,601.705,50+2.33%
09.11.20221.725,801.705,10-0.13%
08.11.20221.720,401.667,10+2.11%
07.11.20221.685,601.670,00+0.23%
04.11.20221.686,401.631,10+2.80%
03.11.20221.643,201.618,30-1.16%
02.11.20221.673,101.637,40+0.02%
01.11.20221.660,301.633,60+0.55%
31.10.20221.648,501.634,50-0.25%
28.10.20221.670,901.640,70-1.25%
27.10.20221.674,801.658,50-0.22%
26.10.20221.679,401.653,80+0.68%
25.10.20221.666,801.641,20+0.24%
24.10.20221.675,501.648,00-0.13%
21.10.20221.663,101.621,10+1.19%
20.10.20221.650,301.626,30+0.16%
19.10.20221.659,801.632,20-1.30%
18.10.20221.666,001.650,60-0.49%
17.10.20221.674,301.649,10+0.92%
14.10.20221.677,801.645,60-1.68%
13.10.20221.688,901.648,30-0.03%
12.10.20221.685,101.668,00-0.50%
11.10.20221.691,301.667,50+0.64%
10.10.20221.707,401.672,50-1.99%
07.10.20221.722,801.698,40-0.67%
06.10.20221.734,201.714,800.00%
05.10.20221.736,601.708,80-0.56%
04.10.20221.738,701.704,00+1.67%
03.10.20221.710,401.666,50+1.79%
30.09.20221.684,401.667,50+0.20%
29.09.20221.673,101.649,30-0.08%
28.09.20221.671,601.622,20+2.07%
27.09.20221.650,101.628,70+0.17%
26.09.20221.657,201.627,70-1.34%
23.09.20221.685,001.646,60-1.52%
22.09.20221.693,501.663,30+0.32%
21.09.20221.696,901.661,30+0.28%
20.09.20221.688,801.668,10-0.42%
19.09.20221.688,801.667,60-0.31%
16.09.20221.689,901.661,90+0.37%
15.09.20221.707,801.668,90-1.86%
14.09.20221.717,301.703,30-0.48%
13.09.20221.742,901.706,70-1.33%
12.09.20221.746,401.722,30+0.69%
09.09.20221.740,501.719,40+0.49%
08.09.20221.739,401.713,70-0.44%
07.09.20221.731,201.701,70+1.17%
06.09.20221.719,701.714,20-0.29%
05.09.20221.737,401.710,60-0.33%
04.09.20221.723,751.718,65-0.23%
02.09.20221.729,501.705,90+0.78%
01.09.20221.723,001.699,10-0.98%
31.08.20221.738,001.720,60-0.58%
30.08.20221.752,801.732,90-0.77%
29.08.20221.757,901.731,40-0.01%
26.08.20221.772,301.746,20-1.22%
25.08.20221.778,801.763,00+0.56%
24.08.20221.769,501.754,80+0.02%
23.08.20221.767,501.743,10+0.73%
22.08.20221.762,101.740,20-0.82%
19.08.20221.773,301.759,10-0.47%
18.08.20221.786,301.768,80-0.31%
17.08.20221.796,601.773,90-0.73%
16.08.20221.798,001.785,40-0.47%
15.08.20221.818,901.787,60-0.96%
12.08.20221.819,101.799,60+0.46%
11.08.20221.814,901.798,60-0.36%
10.08.20221.824,601.803,30+0.08%
09.08.20221.817,001.799,40+0.39%
08.08.20221.806,401.786,90+0.78%
05.08.20221.811,601.780,20-0.87%
04.08.20221.812,001.779,40+1.72%
03.08.20221.789,401.770,00-0.74%
02.08.20221.805,001.776,00+0.11%
01.08.20221.792,501.774,30+0.33%
29.07.20221.784,601.768,40+0.71%
28.07.20221.774,401.750,40+2.91%
27.07.20221.739,601.709,10+0.08%
26.07.20221.726,401.711,50-0.08%
25.07.20221.734,601.712,90-0.48%
22.07.20221.738,301.711,70+0.82%
21.07.20221.719,501.678,40+0.78%
20.07.20221.712,701.690,10-0.61%
19.07.20221.716,501.702,60+0.03%
18.07.20221.722,001.704,40+0.39%
15.07.20221.714,201.696,60-0.13%
14.07.20221.734,801.695,00-1.71%
13.07.20221.744,301.704,50+0.62%
12.07.20221.742,201.721,60-0.40%
11.07.20221.743,001.729,00-0.61%
08.07.20221.751,701.726,00+0.15%
07.07.20221.748,201.734,70+0.18%
06.07.20221.771,501.730,70-1.83%
05.07.20221.817,001.768,90+0.28%
04.07.20221.815,201.763,00-2.09%
01.07.20221.813,601.783,40-0.32%
30.06.20221.826,801.802,50-0.56%
29.06.20221.834,901.810,70-0.20%
28.06.20221.830,901.819,10-0.20%
27.06.20221.842,801.821,80-0.30%
24.06.20221.833,701.817,70+0.03%
23.06.20221.848,901.823,50-0.47%
22.06.20221.850,301.824,50-0.02%
21.06.20221.848,401.830,700.00%
20.06.20221.848,401.830,70-0.10%
17.06.20221.861,501.836,10-0.50%
16.06.20221.860,201.816,30+1.67%
15.06.20221.845,401.808,40+0.34%
14.06.20221.833,301.806,10-1.00%
13.06.20221.882,501.819,00-2.33%
10.06.20221.879,601.826,50+1.23%
09.06.20221.857,801.841,90-0.20%
08.06.20221.862,401.846,60+0.24%
07.06.20221.858,201.838,50+0.46%
06.06.20221.861,201.843,00-0.35%
03.06.20221.878,601.849,70-1.13%
02.06.20221.874,401.846,50+1.23%
01.06.20221.853,001.830,20+0.02%
31.05.20221.867,901.837,600.00%
30.05.20221.867,901.837,60-0.48%
27.05.20221.866,901.851,90+0.53%
26.05.20221.852,801.836,30+0.07%
25.05.20221.866,701.838,70-1.02%
24.05.20221.869,101.847,60+0.95%
23.05.20221.864,301.843,30+0.31%
20.05.20221.847,801.830,60+0.05%
19.05.20221.848,201.808,40+1.39%
18.05.20221.822,901.805,00-0.16%
17.05.20221.834,801.811,00+0.27%
16.05.20221.826,001.785,00+0.32%
13.05.20221.827,601.797,20-0.90%
12.05.20221.858,801.820,10-1.57%
11.05.20221.857,801.830,60+0.69%
10.05.20221.864,701.834,50-0.95%
09.05.20221.885,601.851,00-1.29%
06.05.20221.894,001.865,00+0.38%
05.05.20221.910,701.872,30+0.37%
04.05.20221.892,001.861,10-0.10%
03.05.20221.878,401.849,70+0.38%
02.05.20221.900,401.853,40-2.52%
29.04.20221.921,301.893,50+1.08%
28.04.20221.897,801.870,90+0.14%
27.04.20221.908,101.881,60-0.81%
26.04.20221.912,201.896,30+0.43%
25.04.20221.935,501.891,80-1.98%
22.04.20221.957,801.928,00-0.71%
21.04.20221.960,101.938,00-0.38%
20.04.20221.960,901.941,00-0.17%
19.04.20221.985,101.945,50-1.38%
18.04.20222.003,001.974,40+0.58%
14.04.20221.984,001.962,70-0.49%
13.04.20221.985,801.966,30+0.44%
12.04.20221.982,701.953,00+1.43%
11.04.20221.974,601.942,90+0.13%
08.04.20221.952,201.930,40+0.40%
07.04.20221.941,701.923,30+0.76%
06.04.20221.937,601.916,20-0.23%
05.04.20221.948,901.920,90-0.34%
04.04.20221.941,601.918,20+0.54%
01.04.20221.944,501.921,40-1.55%
31.03.20221.955,001.923,00+0.77%
30.03.20221.943,401.920,10+1.40%
29.03.20221.929,401.888,30-1.42%
28.03.20221.959,801.915,70-0.74%
25.03.20221.965,101.942,60-0.41%
24.03.20221.967,201.937,40+1.29%
23.03.20221.948,801.915,60+0.82%
22.03.20221.939,501.909,80-0.41%
21.03.20221.941,801.917,20+0.01%
18.03.20221.946,201.918,00-0.72%
17.03.20221.951,001.924,00+1.78%
16.03.20221.930,101.895,20-1.06%
15.03.20221.956,901.908,10-1.59%
14.03.20221.994,801.952,00-1.22%
11.03.20222.004,001.960,60-0.77%
10.03.20222.015,101.975,00+0.61%
09.03.20222.068,501.981,00-2.70%
08.03.20222.078,801.985,80+2.37%
07.03.20222.007,501.964,20+1.49%
04.03.20221.974,901.931,50+1.59%
03.03.20221.944,601.923,10+0.71%
02.03.20221.951,401.916,00-1.11%
01.03.20221.952,601.903,00+2.27%
28.02.20221.935,201.892,20+0.69%
25.02.20221.925,001.884,40-2.01%
24.02.20221.976,501.878,60+0.83%
23.02.20221.912,901.891,10+0.16%
22.02.20221.918,301.889,700.00%
21.02.20221.918,301.889,70+0.40%
18.02.20221.905,001.888,00-0.12%
17.02.20221.904,001.869,70+1.63%
16.02.20221.874,601.851,80+0.82%
15.02.20221.881,601.845,40-0.71%
14.02.20221.876,501.851,90+1.48%
11.02.20221.867,401.821,10+0.26%
10.02.20221.843,301.821,80+0.04%
09.02.20221.837,101.825,50+0.48%
08.02.20221.829,901.816,00+0.33%
07.02.20221.824,601.807,50+0.77%
04.02.20221.815,801.792,10+0.21%
03.02.20221.809,501.788,50-0.34%
02.02.20221.812,001.794,60+0.49%
01.02.20221.809,701.796,20+0.28%
31.01.20221.800,901.785,80+0.55%
28.01.20221.800,301.780,60-0.36%
27.01.20221.821,401.790,60-2.00%
26.01.20221.850,201.814,10-1.23%
25.01.20221.854,201.834,40+0.59%
24.01.20221.844,901.829,30+0.54%
21.01.20221.843,701.828,40-0.59%
20.01.20221.848,501.836,20-0.03%
19.01.20221.843,901.809,00+1.60%
18.01.20221.824,201.806,90+0.09%
17.01.20221.822,901.804,70-0.23%
14.01.20221.829,301.814,20-0.27%
13.01.20221.828,301.811,80-0.32%
12.01.20221.828,201.814,40+0.48%
11.01.20221.823,101.799,70+1.10%
10.01.20221.802,001.789,30+0.08%
07.01.20221.798,401.781,30+0.46%
06.01.20221.811,601.785,40-1.97%
05.01.20221.830,701.808,20+0.58%
04.01.20221.817,201.798,10+0.81%
03.01.20221.833,001.798,20-1.56%
  • India is the world’s leading consumer of gold with an estimated annual demand of 635 tonnes.
  • The World Gold Council estimates that in 2022, global gold demand will reach a new all-time high of 4,300 tons.
  • According to the World Gold Council, the jewelry market accounts for more than 50% of global gold demand.
  • In March 2021, the World Gold Council reported that India, China and the United States were the top three gold-consuming nations. Gold demand in India increased by 7% in January 2022 compared to the same period in 2021. The average gold price in the first quarter of 2021 was approximately $1,857 per ounce. In February 2021, the gold spot price crossed the $1,800 per ounce mark. 18. According to The Guardian, the global gold market is estimated to be worth about $4.5 trillion.

Gold Price January 2022

In January 2022, the price of gold experienced a significant increase, as global uncertainty and economic instability drove investors to seek safe-haven assets. The price of gold reached a six-month high during the month, reaching levels not seen since July 2021.

In this video update from January 2022, David Jones from Capital.com provides an outlook for gold trading over the next few weeks. He starts by acknowledging that 2021 was a disappointing year for gold, which ended the year down by 3.5%. He notes that the price of gold has started the year slightly flat and highlights that inflation is the main theme at the moment. Jones explains that the latest US inflation data is due to be released that week, with analysts predicting annual inflation in the US to be running around 7%. If that proves to be true, it would be the largest annual jump in inflation since 1982.

The primary driver of the increase in gold prices was the continued uncertainty surrounding the COVID-19 pandemic. The emergence of new variants of the virus, coupled with the slow pace of vaccine rollouts in many countries, led to renewed concerns about the global economic recovery. In addition, rising inflationary pressures, particularly in the United States, further fueled investor interest in gold as a hedge against inflation. Concerning about inflation could make it stickier than expected, and investors are nervous. As a result, gold could experience volatility next month. Traditionally, gold has been seen as a hedge against inflation and a safe haven for investors in times of trouble. However, the US dollar has fulfilled that need better from an investor’s point of view in recent years. Jones then discusses the recent news about gold and the big announcement coming that week. Investors should watch out for the upcoming US inflation data release, as it could be a significant market mover. Investor should watch the $1,770 level, as a break below that could signal further downward momentum. However, gold could get some support at the $1,800 level.

Political uncertainty also played a role in driving up the price of gold in January 2022. The aftermath of the 2020 US Presidential election and the ongoing political turmoil in many countries, including the United States, China, and Russia, led to a sense of instability and heightened risk in global markets. As a result, investors sought safe-haven assets like gold, which are traditionally seen as a reliable store of value in times of uncertainty.

Monthly historical gold prices in January 2022.

DateUSDCanadian DollarAustralian DollarIndian RupeesBritish Pound
Jan 1, 20221,894.692,388.132,477.86140,275.521,388.14
Jan 2, 20221,890.712,383.112,473.38140,436.021,387.23
Jan 3, 20221,887.362,379.392,471.04140,380.851,385.72
Jan 4, 20221,880.572,372.752,460.90139,782.751,380.09
Jan 5, 20221,866.552,357.282,434.16138,333.781,365.64
Jan 6, 20221,849.332,337.312,410.18136,527.761,346.98
Jan 7, 20221,850.972,339.892,408.78137,120.921,345.25
Jan 8, 20221,856.582,347.442,413.46137,780.171,348.28
Jan 9, 20221,849.142,340.212,408.09137,647.721,343.52
Jan 10, 20221,842.222,332.262,403.58137,308.171,337.56
Jan 11, 20221,836.542,325.912,395.63137,174.291,333.46
Jan 12, 20221,831.182,320.182,385.68136,865.611,329.40
Jan 13, 20221,833.632,322.852,384.63137,121.041,331.16
Jan 14, 20221,841.282,331.282,397.85137,758.71
Jan 16, 20221,835.612,326.912,402.28137,840.451,337.23
Jan 17, 20221,840.522,332.392,412.36138,401.021,341.15
Jan 18, 20221,849.512,342.632,429.03139,282.281,348.68
Jan 19, 20221,858.872,353.462,446.69140,107.221,356.02
Jan 20, 20221,857.122,351.102,447.70139,878.191,354.89
Jan 21, 20221,860.432,354.742,452.62140,244.601,356.83
Jan 22, 20221,861.722,356.292,452.86140,522.541,358.07
Jan 23, 20221,859.572,354.252,454.28140,336.171,356.31
Jan 24, 20221,856.882,351.852,449.90140,117.441,354.34
Jan 25, 20221,845.682,339.682,434.25138,899.771,344.36
Jan 26, 20221,834.272,327.172,415.85137,765.071,334.44
Jan 27, 20221,835.802,328.892,417.35137,951.031,334.84
Jan 28, 20221,829.632,322.272,410.68137,664.461,329.82
Jan 29, 20221,827.512,319.852,406.27137,476.101,327.96
Gold price in Canadian DollarGold price in Aus. DollarGold price in indian rupeesGold price in bri. pounds
for USD, Canadian dollar, Australian dollar, Indian rupees, and British pound.
Note: The data provided is for informational purposes only and should not be relied upon for trading or investing purposes. It is recommended that you consult with a financial advisor before making any investment decisions.

XAU/USD monthly historical data for January 2022.

DateOpenHighLowClose% Change
Jan 01, 20221,787.841,794.971,774.611,784.61-0.13%
Jan 02, 20221,785.091,792.531,774.941,778.76-0.33%
Jan 03, 20221,778.711,792.111,775.201,787.670.50%
Jan 04, 20221,787.611,808.161,782.031,803.200.87%
Jan 05, 20221,804.331,837.371,802.991,836.001.82%
Jan 06, 20221,836.341,855.931,834.091,848.520.68%
Jan 07, 20221,848.511,857.131,842.191,851.150.14%
Jan 08, 20221,849.621,858.611,840.411,849.77-0.07%
Jan 09, 20221,849.551,853.761,837.131,843.22-0.35%
Jan 10, 20221,843.161,847.291,824.711,831.80-0.62%
Jan 11, 20221,832.331,835.831,813.101,816.87-0.81%
Jan 12, 20221,815.641,822.831,799.221,812.48-0.24%
Jan 13, 20221,810.161,817.771,803.291,806.44-0.33%
Jan 14, 20221,807.061,816.461,804.531,813.060.37%
Jan 15, 20221,812.251,813.491,804.411,808.48-0.25%
Jan 16, 20221,797.891,806.571,785.211,790.23-0.43%
Jan 17, 20221,790.111,793.081,778.171,782.95-0.41%
Jan 18, 20221,783.681,798.601,775.621,797.200.80%
Jan 19, 20221,795.951,802.181,784.911,791.70-0.31%
Jan 20, 20221,792.511,805.731,790.121,799.570.44%
Jan 21, 20221,799.241,821.011,795.841,819.891.13%
Jan 22, 20221,819.611,827.511,813.491,823.720.21%
Jan 23, 20221,823.801,824.691,804.321,808.46-0.84%
Jan 24, 20221,808.101,812.971,787.481,790.83-0.97%
Jan 25, 20221,789.871,797.881,778.541,795.850.28%
Jan 26, 20221,797.811,813.191,793.811,810.560.82%
Jan 27, 20221,810.061,823.041,802.881,816.540.33%
Jan 28, 20221,816.071,817.881,806.921,812.03-0.25%
Jan 29, 20221,812.731,815.271,802.341,804.88-0.40%
Jan 30, 20221,804.681,814.721,797.051,804.63-0.01%