Precious metals price growth comparison 2022

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 December 2022 (in index value)

Characteristic	Gold	Silver	Platinum	Palladium	Rhodium	Copper	Iridium
Dec 2022	139.09	148.69	125.05	137.43	484.61	-	307.52
Nov 2022	133.65	134.69	122.59	143.58	529.82	135.54	266.89
Oct 2022	128.85	124.2	113.37	156.15	557.22	128.83	269.61
Sep 2022	130.29	120.82	108.87	158.88	562.2	130.42	279.29
Aug 2022	136.69	126.68	112.85	160.35	572.17	134.55	295.29
Jul 2022	134.42	122.36	107.84	148.58	579.19	127.04	319.5
Jun 2022	141.96	137.84	117.82	142.75	554.23	151.95	330.88
May 2022	143.08	140.5	118.93	154.04	643	157.89	336.78
Apr 2022	149.71	157.41	119.28	174.67	766.62	171.09	344.59
Mar 2022	150.79	161.9	129.31	194	785.13	172.26	329.32
Feb 2022	143.7	150.51	130.07	176.52	738.1	167.42	264.11
Jan 2022	140.64	148.35	123.39	152.76	670.96	164.71	268.91
Dec 2021	138.31	144.12	120.68	134.41	561.55	160.82	274.5
Nov 2021	140.91	155.2	128.38	150.74	567.45	163.81	298.26
Oct 2021	137.55	149.43	126.07	150.89	564.11	165.5	319
Sep 2021	137.58	149.5	120.87	158.65	575.73	157.01	340.19
Aug 2021	138.1	154.05	124.98	190.63	749.98	157.77	356.24
Jul 2021	139.89	165.19	134.74	205.33	756	159.13	380.07
Jun 2021	142.02	173.07	139.32	204.4	831.17	162.17	413.26
May 2021	143.47	176.16	150.48	215.6	1,034.37	171.18	425.68
Apr 2021	136.38	164.46	149.86	209.03	1,123.45	157.01	419.26
Mar 2021	133.02	164.29	146.39	186.3	1,040.7	151.34	376.18
Feb 2021	139.98	175.24	149.57	176.21	863.89	142.63	291.72
Jan 2021	144.53	166.11	135.22	178.63	734.42	134.23	215.88
Dec 2020	143.73	159.63	127.16	176.14	606.46	130.87	132.59
Nov 2020	142.17	154.22	113.26	176.76	540.57	119.02	112.29
Oct 2020	147.11	155.52	108.61	176.15	482.7	113.04	111.15
Sep 2020	148.81	166.04	112.45	172.73	473.08	112.89	111.15
Aug 2020	152.39	172.5	116.61	162.98	387.04	109.59	111.15
Jul 2020	142.7	130.88	106.87	153.26	279.97	107.3	111.15
Jun 2020	134.1	113.66	101.74	144.26	251.8	96.89	110.6
May 2020	132.87	104.12	98.35	142.87	203.73	88.23	107.61
Apr 2020	130.28	96.44	93.5	155.72	199.87	85.16	104.48
Mar 2020	123.24	95.69	94.08	158.41	328.05	87.26	102.06
Feb 2020	123.64	114.96	119.13	189.64	442.35	95.77	101.39
Jan 2020	120.82	115.23	122.38	168.3	335.07	101.55	100
Dec 2019	114.27	109.78	114.17	142.99	241.35	102.32	100
Nov 2019	113.8	110.19	111.71	132.78	228.52	98.67	100
Oct 2019	115.72	113.05	111.22	129.82	212.7	96.94	100
Sep 2019	117	116.55	117	120.26	197.83	96.97	100
Aug 2019	116.03	109.93	106.49	109.17	160.25	96.13	100
Jul 2019	109.38	100.99	104.57	116.08	141.27	100.04	100
Jun 2019	105.21	96.19	100.18	108.45	126.22	99.04	100
May 2019	99.39	93.81	103.16	99.92	115.52	101.33	100
Apr 2019	99.59	96.48	109.86	104.36	118.12	108.41	100
Mar 2019	100.71	98.27	104.54	114.98	127.31	108.42	100
Feb 2019	102.19	101.39	101.41	108.4	106.11	106.08	100
Jan 2019	100	100	100	100	100	100	100

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Release date

January 2023

More information

Region

Worldwide

Survey time period

January 2021 to December 2022

Special properties

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

Thecopper price and iridium price have been taken from different sources.

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