Last 30 Years Gold Price (24ct)
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30 Years Gold Price Analysis
This chart displays the gold price history over the past 30 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.
This 30-year historical view provides a comprehensive picture of gold's long-term performance through major global economic shifts.
Key Events
Major events that influenced gold prices during this period:
1999-2002
Dot-com bubble burst and introduction of the Euro represented a turning point for gold markets. The period marked the end of a multi-decade bear market in gold as central bank selling slowed and investor interest increased amid stock market declines. The new Euro currency's introduction also shifted global currency dynamics, eventually supporting gold's rise.
2005-2006
Introduction of gold ETFs revolutionized retail investor access to gold markets, significantly expanding the investor base and contributing to increased demand and price appreciation in subsequent years.
2007-2009
Global financial crisis and subsequent recovery triggered unprecedented monetary policy responses, including near-zero interest rates and quantitative easing. These policies depreciated major currencies and elevated inflation concerns, driving gold prices significantly higher.
2011-2013
European debt crisis and gold price correction saw gold reach peak prices before entering a multi-year consolidation period. Concerns about sovereign defaults initially drove prices higher before improved economic conditions and shifting monetary policy led to a significant correction.
2020-2021
COVID-19 pandemic and global economic response created the conditions for gold's rise to new all-time highs. Unprecedented fiscal and monetary expansion, negative real interest rates, and significant economic uncertainty combined to drive gold's strongest performance in a decade.