Last 5 Years Gold Price (24ct)
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5 Years Gold Price Analysis
This chart displays the gold price history over the past 5 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 5-year view shows gold's medium-term performance and highlights price patterns through recent economic cycles and global events.
Key Events
Major events that influenced gold prices during this period:
2020-2021
COVID-19 pandemic and global economic stimulus measures dramatically increased gold prices as investors sought safe-haven assets. Multiple trillion-dollar stimulus packages weakened currencies while boosting precious metals as inflation hedges.
2022-2023
Post-pandemic inflation and interest rate adjustments created a complex environment for gold. Central banks implemented aggressive rate hikes to combat inflation, temporarily pressuring gold prices before inflation concerns outweighed higher rates.
2024-2025
Market volatility and economic policy shifts continued to influence gold prices, with increased central bank buying, especially from China, Russia, and India, supporting demand.