Last 20 Years Gold Price (24ct)
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20 Years Gold Price Analysis
This chart displays the gold price history over the past 20 years in British Pounds (GBP) per gram. You can select different gold purities (9ct to 24ct) using the carat selector above the chart. The data provides insights into gold's performance during this period.
The 20-year chart demonstrates gold's performance over multiple economic cycles, including the 2008 financial crisis and recovery periods.
Key Events
Major events that influenced gold prices during this period:
2007-2009
Global financial crisis and subsequent recovery marked the beginning of a major bull market in gold. The collapse of major financial institutions, government bailouts, and quantitative easing programs significantly increased gold's appeal, driving prices from under £300 per ounce to over £750.
2011-2013
European debt crisis and quantitative easing programs further supported gold prices before a correction period. Concerns about sovereign debt, particularly in Greece, Spain, and Italy, drove safe-haven demand before central bank policy shifts led to a multi-year price consolidation.
2016-2019
Brexit vote and trade tensions reversed gold's downtrend, with renewed buying interest from both investors and central banks establishing a new base for the next bull market phase.
2020-2021
COVID-19 pandemic and global economic stimulus measures drove gold to new all-time highs in most major currencies, highlighting its role during periods of extreme uncertainty and monetary expansion.