World gold rose from an annual average of about US$1,227 per troy ounce in 2010 to about US$3,432 in 2025, and on October 29, 2026 it stood around US$4,038 after hitting a record of about US$5,608 in January 2026. Forecasts for the next decade vary widely, from about US$4,970 to about US$10,000 in 2030.

Key Takeaways

• World gold rose from an annual average of about US$1,227 in 2010 to about US$3,432 in 2025 (15 years, up about 180%). As of October 29, 2026 it was around US$4,038.
• Gold does not rise every year. Of 56 years (1970-2025), 35 rose and 21 fell, with the deepest drops of about 32% in 1981 and about 28% in 2013.
• Forecasts for the 2030 gold price are very wide, from about US$4,970 to about US$10,000, and short-term targets often miss.
• Antam gold (1 gram) went from Rp567,000 in April 2015 to Rp2,559,000 on October 29, 2026.
• Forecasts and past data do not guarantee future results.

In Indonesia, Antam gold (1 gram) went from Rp567,000 in April 2015 to Rp2,559,000 on October 29, 2026. That rise was never a straight line. In some years gold gained more than 60%, and in others it lost more than 25%. Below you will find the figures for each year, a chart of the last 15 years, the history by era, institutional forecasts and their risks, and the factors that move the gold price.

To see where gold fits in a portfolio, read Diversification Strategy for Crypto, Gold, and Stocks.

Gold Price Table by Year (1970-2026)

This table shows the world gold price in US dollars per troy ounce (1 troy ounce is about 31.1 grams), the change in the year-end close, and the Antam 1-gram gold price where data is available.

Notes on reading the table:

• The world gold price uses the London market benchmark (morning setting). The average column is the average price across the year, and the close is the last price of that year.
• The change is the year-end close compared with the previous year-end close.
• The Antam price is the 1-gram price on April 18 of each year (Logam Mulia data quoted by Kumparan), so it is not a yearly average. The 2026 row uses the October 29, 2026 price. A "-" means data is not available from a source we can cite.
• The 2026 row is still running. Its figures change every day, and its change is measured against the 2025 close.

Sources: Money Metals Exchange, Gold Price History; Kumparan, Antam gold over 10 years; Investor.id, Antam gold price on October 29, 2026; Trading Economics, Gold.

Gold Price Chart for the Last 15 Years

The chart below shows the annual average world gold price from 2011 to 2025. The price was about US$1,573 in 2011 and US$1,669 in 2012, fell to US$1,159 in 2015, stayed fairly flat at around US$1,250 to US$1,800 in 2016-2022, then rose to US$1,928 in 2023, US$2,386 in 2024, and US$3,432 in 2025.

From 2010 to 2025 (15 years), the annual average rose about 180%, from US$1,227 to US$3,432, or about 7.1% per year compounded. Over the last 10 years (2015 to 2025) the rise was about 196%. Based on year-end closes, in the last 15 years (2011-2025) 9 years rose and 6 fell: 2013, 2014, 2015, 2018, 2021, and 2022. The deepest drop came in 2013, about 28%.

US$ per troy ounce, annual average (1 block = about US$86)
2011 | ██████████████████ 1,573
2012 | ███████████████████ 1,669
2013 | ████████████████ 1,410
2014 | ███████████████ 1,266
2015 | █████████████ 1,159
2016 | ███████████████ 1,252
2017 | ███████████████ 1,260
2018 | ███████████████ 1,269
2019 | ████████████████ 1,393
2020 | █████████████████████ 1,774
2021 | █████████████████████ 1,799
2022 | █████████████████████ 1,802
2023 | ██████████████████████ 1,928
2024 | ████████████████████████████ 2,386
2025 | ████████████████████████████████████████ 3,432

Image version (optional):

Data source: annual averages from Money Metals Exchange (London market benchmark). Chart: Mobee Academy.

Gold Price History in Indonesia and the World by Decade

The world gold price is the reference for gold prices in Indonesia. That is why the history below starts with the world price, then adds the Antam price from 2015, the period for which per-gram data we can cite is available.

1970-1999: From the Gold Standard to a Free Price

In 1971 the United States ended the exchange of dollars for gold, so the gold price began to move freely with the market. The annual average rose from about US$36 per troy ounce in 1970 to US$615 in 1980. In 1979 the year-end close rose about 133%, the biggest yearly gain in the table.

After that peak, gold fell. The 1981 close dropped about 32%. Through the 1990s gold traded in a range of roughly US$250 to US$420 per troy ounce. According to Pegadaian, the 1990s decline was linked to higher gold production thanks to technology and low inflation, which led some European investors to move into stocks and property.

Gold Price in 1980, 1999, and 2000

These three years are searched often. 1980 was the old peak, while 1999 and 2000 were years of low gold prices.

High and low are the highest and lowest morning settings of that year. Other sources record the 1980 peak at around US$850 because they use a different setting. Antam per-gram prices for these three years are not available from a source we can cite. For a rough estimate in rupiah, use the formula in the conversion section below.

Sources: Money Metals Exchange; Pegadaian, Sejarah Harga Emas di Indonesia.

2000-2010: Gold Rose Almost Every Year

The annual average rose from about US$279 in 2000 to about US$1,227 in 2010. Based on year-end closes, gold rose 12 years in a row from 2001 to 2012. The 2008 global financial crisis made gold look like a safe asset, but the 2008 close rose only about 3%. The big jumps came in 2009 and 2010, about 28% each.

2011-2019: Peak, Decline, then Recovery

The annual average reached a temporary peak of about US$1,669 in 2012. Gold then fell three years in a row: about 28% in 2013, about 0.2% in 2014, and about 12% in 2015, down to a close of US$1,060. Gold rose again in 2016 and 2017, slipped about 1% in 2018, then rose about 19% in 2019 and closed the year at US$1,523. In Indonesia, Antam gold (1 gram) was Rp567,000 in April 2015 and Rp665,000 in April 2019.

2020-2024: Post-Pandemic Acceleration

The 2020 close rose about 24% to US$1,895. Antam gold (1 gram) went from Rp665,000 (April 2019) to Rp936,000 (April 2020), about 41%. After that the price moved sideways: 2021 fell about 3.5% and 2022 fell about 0.2%. Gold rose again about 6% in 2023 and about 27% in 2024, closing the year at US$2,624. Antam (1 gram) was Rp1,335,000 in April 2024.

2025-2026: New Records, then a Correction (Latest Update)

Updated: October 29, 2026. 2025 was the strongest year in the table since 1979. The close rose about 65% to US$4,318 and the annual average reached US$3,432. Antam gold (1 gram) was Rp1,965,000 in April 2025.

In January 2026 world gold hit a record of about US$5,608 per troy ounce. The price then fell. On October 29, 2026 world gold was around US$4,038, about 28% below the record, about 6.5% below the 2025 close, and about 2.9% lower over the past month. According to a Trading Economics summary, gold was volatile after the Fed held rates and two officials voted for a 25 basis point hike.

In Indonesia, Antam gold (1 gram) was Rp2,559,000 on October 29, 2026, down Rp11,000 from the previous day. Daily prices are very volatile. For the latest price, see today's digital gold price.

Sources: Trading Economics, Gold; Investor.id, Antam gold price on October 29, 2026.

Gold Price Increase per Year

Over the long run gold tends to rise, but results differ sharply from year to year.

• Long term. The annual average rose about 95 times, from US$36 (1970) to US$3,432 (2025). That equals compound growth of about 8.6% per year in US dollars, based on our calculation from the table.
• Last 15 years. The annual average rose about 180% from 2010 to 2025, or about 7.1% per year compounded.
• Last 10 years. The annual average rose about 196% from 2015 to 2025. Antam gold (1 gram) rose about 246.58% from April 2015 to April 2025, or about 13.23% per year (Kumparan, Logam Mulia data).
• Not always up. Of 56 years (1970-2025), 35 rose and 21 fell based on year-end closes. The deepest drops came in 1981 (about 32%) and 2013 (about 28%).

These figures only look backward. A rise over the past few years does not mean the price will keep rising, and gold can fall for a long time, as in the 1980s and in 2013-2015.

Gold Price Forecast for the Next Decade

Nobody knows exactly what gold will cost in 10 years. What exists are forecasts from institutions and analysts, which span a wide range and are often revised. This section summarizes publicly available forecasts, then shows an illustrative calculation. Neither is a prediction to rely on or an invitation to buy.

Institutional and Analyst Forecasts for 2030

The 2030 range runs from about US$4,970 to US$10,000 per troy ounce, a gap of about double between the lowest and highest forecast. That shows how hard it is to forecast gold. The main differences are in the assumptions: how much central banks and private investors keep buying gold, where interest rates go, and what happens geopolitically.

Sources: BullionStar, Gold Price Forecast 2027; IDX Channel, analyst predicts gold will reach US$10,000 by 2030.

Short-Term Forecasts Often Miss

In early 2026, several large banks raised their gold targets for the end of 2026:

On October 29, 2026 world gold was around US$4,038, below most of those targets and inside HSBC's range. These targets were made in the first half of 2026 and may have been revised since. The lesson is simple: if a one-year target can miss by a wide margin, a 10-year target should be read even more carefully.

Sources: GoldSilver, Gold Price Forecast 2026-2027; Trading Economics, Gold.

An Illustrative Calculation, Not a Prediction

This table is only arithmetic. It shows where a price of US$4,038 (October 29, 2026) could end up if the price changed by a fixed rate every year. The 8.6% rate is the 1970-2025 compound average from the table above.

In the real world prices do not move in a straight line. In 2013-2015 gold fell three years in a row, and in 2001-2012 it rose 12 years in a row. The actual result can land far outside any row in this table.

How to Read Forecasts

• Check who and when. A forecast made in January can be stale by October.
• Check the assumptions. Almost every forecast rests on central bank buying, the path of interest rates, and geopolitics. If the assumptions change, the numbers change.
• Watch for interests. Some sources we cite, including gold sellers, tend to frame the outlook optimistically.
• Do not rely on a single number. Compare several sources and treat the result as a range of scenarios.
• Do not put all your funds in one asset. Financial planner Rista Zwestika, quoted by Katadata, says gold does not always rise and should not be treated as a sure way to get rich.

Source: Katadata, outlook for gold investment over the next 10 years (October 20, 2026).

How to Convert the World Gold Price to Rupiah per Gram

The world gold price is quoted in US dollars per troy ounce, while gold bars in Indonesia are priced in rupiah per gram. The rough formula is:

Price per gram (Rp) = price in US$ per troy ounce ÷ 31.1035 × rupiah exchange rate per US dollar

The result will not match the selling price of a gold bar exactly, because the selling price depends on the exchange rate used, costs, and the seller's margin. The formula is good for comparing price direction, not for setting a purchase price.

Factors That Affect the Gold Price

Several factors are most often linked to gold's ups and downs:

1. Economic uncertainty

Recessions, geopolitical conflict, and financial crises lead some investors to look for assets they consider safe, including gold. If you want to see gold as part of a portfolio, also read Diversification Strategy for Crypto, Gold, and Stocks.

2. Central bank monetary policy

Interest rate decisions, especially in the United States, affect gold. Gold pays no interest, so lower rates generally make gold relatively more attractive, and higher rates can weigh on it.

3. Inflation and currency value

Gold is often used to protect purchasing power when inflation is high or a currency weakens. The basics are explained in Inflation and Purchasing Power.

4. Global demand

Demand from large countries such as China and India affects the gold price.

5. Supply and demand balance

When demand is larger than supply, prices tend to rise, and the reverse is also true.

If you want to see gold in digital form, visit digital gold at Mobee.

XAUt as an Alternative Way to Invest in Gold

Besides gold bars and gold ETFs, there is gold in token form such as Tether Gold (XAUt). One XAUt token represents one troy ounce of physical gold held in high-standard storage facilities. Full explanations are in What Is Tether Gold (XAUt) and An Easy Way to Invest in Digital Gold with Tether Gold.

A few reasons people look at XAUt:

• Fast transactions with no need to store physical gold.
• Access without a stock broker or commodity exchange.
• Liquid and tradable around the clock.
• It combines gold's role as a safe asset with blockchain technology.

Keep in mind that XAUt is not exactly the same as physical gold. The token price can sit slightly above or below the world gold price, and there are other risks such as storage risk and changing rules. XAUt is better seen as a complement, not a replacement, and should fit your own risk profile.

How to Buy XAUt on Mobee

You can buy XAUt through the Mobee app with these steps:

1. Register and complete identity verification (KYC).
2. Deposit funds into your Mobee wallet.
3. Open the Trade menu.
4. Find XAUt in the asset list or by searching "XAUt".
5. Choose a trading pair, for example XAUt/USDT.
6. Choose Market Order (the current market price) or Limit Order (a price you set).
7. Enter the amount and review the details.
8. Tap "Confirm" to complete the purchase.

After the purchase, your asset will appear in the Wallet menu.

Conclusion

The gold price over the last 15 years shows an upward direction with big swings. World gold rose about 180% from 2010 to 2025, yet 21 of 56 years since 1970 fell, and since the January 2026 record the price has corrected about 28%. Forecasts for the next decade range from about US$4,970 to US$10,000 in 2030, and even short-term targets often miss. Use the tables and forecasts above to understand patterns and assumptions, not to settle the next price.

Learn About Digital Gold on Mobee

Mobee is operated by PT CTXG Indonesia Berkarya, which is licensed and supervised by OJK. If you want to get to know gold in digital form and follow its market, learn the basics at Mobee Academy, then open the Mobee App to see digital gold at Mobee. Install the app and keep learning from there.

FAQ

Disclaimer

This content is for information and education only. It is not an invitation to buy or sell any asset, and it is not investment, legal, or financial advice. Historical data and forecasts do not guarantee future results, and gold and crypto asset prices can rise or fall. Do your own research before making any decision, and all transaction decisions are your own responsibility.

References

• Money Metals Exchange, Gold Price History (accessed October 29, 2026)
• Trading Economics, Gold (accessed October 29, 2026)
• Kumparan, Makin Berkilau, Harga Emas Antam Naik 246,58 Persen dalam 10 Tahun (April 18, 2025)
• Investor.id, Harga Emas Antam Hari Ini, Kamis 29 Oktober 2026
• Pegadaian, Sejarah Harga Emas di Indonesia
• BullionStar, Gold Price Forecast 2027 (accessed October 29, 2026)
• GoldSilver, Gold Price Forecast 2026-2027 (accessed October 29, 2026)
• IDX Channel, Pengamat Prediksi Harga Emas Tembus USD10 Ribu pada 2030 (January 24, 2026)
• Katadata, Bagaimana Prospek Investasi Emas dalam 10 Tahun ke Depan? (October 20, 2026)