Precious metals price growth comparison 2024

Gold and silver prices increased over the course of 2021, but these did not grow as fast as the prices of iridium and, especially, rhodium. According to a comparison of price indices, the price for rhodium - a precious metal similar to platinum and used especially in catalytic converters of cars - was ten times higher in April 2021 than it was in January 2019. The price hike for rhodium was apparently caused by coronavirus-related lockdowns implemented in South Africa, where mining companies had to close for several weeks.

Monthly development of the price of selected precious metals from January 2019 to June 2024 (in index value)

Characteristic	Gold	Silver	Platinum	Palladium	Rhodium	Copper	Iridium
Jun 2024	176.06	181.11	121.78	73.01	188.35	162.45	320.75
May 2024	176.21	189.08	126.63	67.97	189.36	170.35	324.15
Apr 2024	173	163.52	114.31	70.99	189.36	159.04	329.25
Mar 2024	169.05	155.45	110.81	75.57	189.36	146.37	332.65
Feb 2024	154.73	141.1	106.87	70.14	176.31	139.84	336.05
Jan 2024	154.27	142.64	112.01	72.72	178.31	140.62	339.46
Dec 2023	156.19	147.9	120.47	81.79	177.31	141.57	339.46
Nov 2023	154.16	157.17	113.11	75.05	180.32	137.89	339.46
Oct 2023	150.16	142.55	113.93	83.03	178.31	133.71	339.46
Sep 2023	139.98	137.94	110.37	92.76	164.26	139.36	319.05
Aug 2023	146.89	152.1	118.06	90.45	164.26	140.56	305.44
Jul 2023	148.74	154.19	115.83	95.47	164.26	142.73	312.24
Jun 2023	145.36	141.63	109.98	91.39	180.32	141.38	312.24
May 2023	148.6	146.14	121.2	101.42	276.71	138.79	312.24
Apr 2023	150.67	155.84	131.06	111.78	355.02	148.32	312.24
Mar 2023	149.02	149.85	120.97	108.73	316.87	149.12	312.24
Feb 2023	138.36	130.17	116.21	105.52	409.24	150.47	312.24
Jan 2023	145.99	147.52	123.39	122.82	481.53	151.66	312.24
Dec 2022	138.15	149.18	130.52	133.56	491.57	140.95	325.85
Nov 2022	133.92	138.16	126.02	140.06	533.73	135.54	268.03
Oct 2022	123.67	119.14	112.96	137.1	565.86	128.83	268.03
Sep 2022	125.68	118.27	104.82	160.69	561.85	130.42	274.83
Aug 2022	129.54	111.86	103.25	155.21	565.86	134.55	288.44
Jul 2022	133.67	126.49	109.46	158.49	575.9	127.04	305.44
Jun 2022	136.83	126.03	109.07	144.24	561.85	152.68	329.25
May 2022	139.11	134.05	117.72	148.89	618.07	158.19	332.65
Apr 2022	143.61	141.55	113.61	172.78	730.52	171.31	346.26
Mar 2022	146.7	154.2	119.99	168.4	782.73	172.26	346.26
Feb 2022	144.48	152.01	127.32	185.29	802.81	167.42	264.63
Jan 2022	136.04	139.64	124.24	174.97	676.31	164.71	268.03
Dec 2021	138.46	144.84	117.45	140.9	565.86	160.82	271.43
Nov 2021	134.32	141.91	114.01	129.42	557.83	163.81	291.84
Oct 2021	135	148.46	124.21	149.09	565.86	165.5	305.44
Sep 2021	133.02	138.19	117.56	142.21	549.8	157.01	339.46
Aug 2021	137.32	148.68	123.54	183.69	706.43	157.77	353.06
Jul 2021	137.33	158.48	128	198.1	738.55	159.13	380.27
Jun 2021	134.02	162.49	130.86	206.97	806.83	162.17	390.48
May 2021	144.36	174.61	144.8	210.66	1,015.66	171.18	427.89
Apr 2021	133.93	161.22	146.25	218.5	1,184.34	157.01	427.89
Mar 2021	129.26	151.82	144.88	195.02	1,051.81	151.34	407.48
Feb 2021	131.27	165.7	145.05	172.54	1,067.87	142.63	315.65
Jan 2021	139.8	168.08	130.89	165.75	774.7	134.23	264.63
Dec 2020	143.61	164.07	130.07	182.25	682.33	130.87	172.79
Nov 2020	134.57	140.71	117.74	176.68	646.18	119.02	112.93
Oct 2020	142.21	147.09	103.6	164.71	541.77	113.04	111.22
Sep 2020	142.78	144.48	108.4	171.62	557.83	112.89	111.22
Aug 2020	149.16	175.66	113.43	167.02	489.56	109.59	111.22
Jul 2020	149.53	151.7	110.68	155.7	357.03	107.3	111.22
Jun 2020	134.84	112.85	100.55	143.71	320.88	96.89	110.88
May 2020	130.72	111.05	102.29	144.79	361.04	88.23	110.2
Apr 2020	127.23	93.5	94.23	145.94	316.87	85.16	106.46
Mar 2020	118.97	86.96	88.12	175.09	429.32	87.26	102.72
Feb 2020	120.01	103.71	105.38	193.09	519.68	95.77	102.04
Jan 2020	120.39	112.24	116.72	169.62	408.23	101.55	100
Dec 2019	114.88	110.99	117.45	144.56	242.57	102.32	100
Nov 2019	110.85	105.94	109.83	137.1	236.55	98.67	100
Oct 2019	114.58	112.82	113.73	133.59	216.06	96.94	100
Sep 2019	111.47	105.79	107.63	124.68	212.45	96.97	100
Aug 2019	115.09	114.22	113.58	114.02	196.39	96.13	100
Jul 2019	107.04	101.18	104.88	112.92	144.58	100.04	100
Jun 2019	106.7	95.28	101.65	114.52	132.13	99.04	100
May 2019	98.84	90.69	96.58	98.66	113.65	101.33	100
Apr 2019	97.18	92.97	108.11	103.35	118.07	108.41	100
Mar 2019	97.83	94.21	103.17	103.02	130.12	108.42	100
Feb 2019	99.4	97.12	106.16	114.89	110.44	106.08	100
Jan 2019	100	100	100	100	100	100	100

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Release date

July 2024

More information

Region

Worldwide

Survey time period

January 2019 to June 2024

Special properties

Index values have been calculated by Statista using the month on month change between monthly closing prices.

Supplementary notes

The prices for gold, silver, platinum, palladium, rhodium and iridium are the price per ounce, while the copper price is the price per metric ton.

The copper price has been taken from different source.

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