| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Gold | China | FOB | USD 150,879,561.89/MT | April 2026 |
| Gold | India | CIF | USD 150,879,611.89/MT | April 2026 |
| Gold | USA | CIF | USD 150,879,648.89/MT | April 2026 |
| Gold | Germany | CIF | USD 150,879,687.89/MT | April 2026 |
| Gold | Australia | CIF | USD 150,879,599.89/MT | April 2026 |
| Gold | China | FOB | USD 158,240,146.00/MT | March 2026 |
| Gold | India | CIF | USD 158,240,201.00/MT | March 2026 |
| Gold | USA | CIF | USD 158,240,233.00/MT | March 2026 |
| Gold | Germany | CIF | USD 158,240,228.00/MT | March 2026 |
| Gold | Australia | CIF | USD 158,240,190.00/MT | March 2026 |
Stay updated with the latest gold prices, historical data, and tailored regional analysis
Gold prices reflected a sharp event-driven trend during Q1’26, marked by record highs, abrupt corrections, and renewed recovery. In India, gold prices averaged at around USD 5,020/troy ounce in January and increased to about USD 5,518/troy ounce in March, reflecting an approximate 9% rise over the quarter. In Europe, prices averaged around USD 4,708/troy ounce in January and rose to nearly USD 5,041/troy ounce in March, marking an approximate 7% increase.
The quarter opened with a historic rally as gold crossed USD 5,000/oz, supported by heightened geopolitical uncertainty, strong safe-haven inflows, and sustained reserve diversification by central banks. China remained a key pillar of support, with Shanghai Gold Exchange withdrawals at 126 tonnes in January, record Chinese ETF inflows, and the PBoC extending its gold-buying streak for the 15th consecutive month. However, the market did not move in a straight line.
Gold corrected sharply in February and March as profit-taking, deleveraging, stronger dollar sentiment, and inflation concerns briefly outweighed its traditional war-hedge role during the Iran-Israel conflict, with some reports noting that prices had temporarily retreated toward late 2025 levels before rebounding. Physical demand also turned mixed, as Indian discounts narrowed slightly on festive buying while Chinese premiums eased as immediate buying pressure cooled. Overall, Q1’26 remained decisively bullish in structure but highly unstable in execution, with macro uncertainty and investor positioning dominating price action.
Analyst insights
According to Procurement Resource, gold prices are expected to remain elevated but volatile in the near term, supported by central bank demand and geopolitical uncertainty, though further corrections may emerge as speculative positioning and policy expectations continue to evolve.
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Gold prices rose sharply during H2’25, driven by heightened geopolitical tensions in the Middle East and continued concerns about global inflation, which pushed investors toward safe-haven assets. Early in the period, strong demand from major markets,
including Hong Kong, supported a steady upward trend, while central-bank purchases and inflows into gold-backed funds further strengthened prices. However, the rally faced a mild correction later in the half-year as progress in US-China trade talks reduced some market anxiety and profit-taking led to a temporary dip.
In North America and Europe, gold remained attractive due to ongoing economic uncertainty and cautious investor sentiment, although trading volumes showed fluctuations in response to central-bank decisions and interest-rate expectations. In India, gold followed the global trend, climbing to record levels initially due to international cues and a weaker local currency that increased import costs, but prices softened slightly when global markets corrected. Despite this, cultural demand from festivals and weddings kept retail buying steady, helping to maintain support in the Indian market.
Overall, the combination of geopolitical unrest, inflation worries, and ongoing safe-haven demand kept gold prices largely elevated throughout H2’25, with only short-term corrections in response to specific market developments.
Gold is most utilised in the jewelleries. In its pure form, it appears as a bright, slightly reddish yellow metal. It is soft, malleable, and ductile in its pure form. Gold, a transition metal, is one of the least reactive chemical elements, which further remains solid under standard conditions.
Au
Jewellery, Dental Filling, Electronic components, Drugs and nutrition, Cuisine
New Gold Inc, Barrick Gold Corporation, AngloGold Ashanti Limited , Harmony Gold Mining Company Limited, NOVAGOLD Resources Inc, Gabriel Resources Ltd. , Golden Star Resources Ltd., Freeport-McMoRan Inc. (FCX)
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Gold is basically extracted by crushing the ores and extraction of metal (mechanical, amalgamation, or cyanidation), followed by electrolytic refining or chemical refining (use of chlorine or treatment with either hot nitric or sulphuric acid).
Rakesh Nandi
Team Lead - Market Research
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