The price of gold traded at $2,731.69 per troy ounce, as of 9 a.m. ET. That’s down 0.27% from yesterday’s gold price per ounce and up 32.20% since the beginning of the year.

Gold has offered some of the biggest returns recently, but why is the price climbing? Here's what you should know.

On October 21, 2024, Gold prices crested at $2,700 an ounce—more than double the price of 10 years ago, when prices stood at $1,200 per ounce. On a year-to-date basis, gold is up 30%, and Bank of America head of commodities Michael Widmer recently called for gold prices to rise to $3,

Gold has long been a trusted asset for investors who are seeking stability in uncertain times. Known for its ability to safeguard wealth during market turbulence, gold also functions as a reliable hedge against inflation.

Gold prices on Thursday jumped Rs 493 to Rs 78,305 per 10 grams in futures trade as speculators created positions on a firm spot demand