Gold Price History and Forecast Analysis Provided by Procurement Resource

Published Feb 7 

Product Name Gold
Molecular Weight 196.966g/mol
Chemical Formula Au
Synonyms 7440-57-5
Region/Countries for which Data is available
  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
  • Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece,
  • North America: United States and Canada
  • Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
  • Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support 360-degree analyst support after service delivery

Request for Real Time Gold Prices:

Gold is a less reactive metal and stays solid in normal circumstances. Because gold is the finest form of metal, it is ductile and malleable.

By removing the metal from the ores and crushing them, gold can then be refined chemically and electrolytically. The melting point of gold is 1,064 °C and its boiling point is 2,700 °C.

The electronic configuration of gold is [Xe] 4f145d106s1 and its atomic number is 79. Gold is a metal that is primarily a little bright reddish golden colour and is denoted by the symbol Au. The molecular weight of gold is about 196.966 g/mol.

The largest gold-producing country is China, Australia, Russia, Canada, Australia, Indonesia, Peru, Sudan, and Brazil.

Key Details About the Gold Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the gold price, instant noodles price and iron price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The gold price trends, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Gold Price Trend:

There are several applications in the manufacturing of coins, jewellery, dental fillings, and some cuisines as well. It is also used in cars with airbag deployment systems and anti-lock brakes.

As it is an excellent conductor of electricity and heat, it is essentially utilised in the electronic industry in items such as printed circuits and transistors.

Gold is also employed in the production of electronic products like wires, connectors, and connection strips. Additionally, it is used in medical applications.

Other than that, it also finds its application in switches, relay contacts, soldered joints, connection strips and connecting wires.

Key Players:

  • 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)

News and Events:

  • August 29, 2022: Niti Aayog has proposed a pan-India exploration programme over the next ten years after conducting a thorough investigation to find possible gold mines in the nation. In response to an increase in imports of gold and its price, the Center will soon present a comprehensive plan for increasing gold production in the nation with private participation. A senior government official said ET that the plan will identify potential gold-bearing locations to be developed by 2030 and the policy interventions needed to encourage private investment into gold mining.

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About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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Company Name: Procurement Resource
Contact Person: Chris Byrd
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