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Metals

Precious metals index

Gold, silver and platinum, in one number. World Bank precious metals price index (2010 = 100), monthly average.

index, 2010 = 100, monthly average

010020030040050020182020202220242026Precious metals index 338.6
Show the numbers
Precious metals index: latest 12 figures
Sep 2026338.6
Aug 2026345.2
Jul 2026317.2
Jun 2026334.7
May 2026368.7
Apr 2026375.3
Mar 2026385.7
Feb 2026400.2
Jan 2026393.3
Dec 2025336.1
Nov 2025310.2
Oct 2025307.5

Each figure is the average over a whole month, published weeks or months after the month ends. It shows the trend, not the price on any one day, and it is never a live price.

What it is

An index made by the World Bank that combines the prices of gold, silver and platinum. Gold has by far the largest weight, so the index mostly follows gold.

The units

An index, not a price: 2010 = 100. A value of 300 means precious metals cost on average three times as much as in 2010, in US dollars.

What moves the price

Gold is bought as a store of value, so it tends to react to interest rates (gold pays no interest, so it looks less attractive when rates are high), the dollar, inflation worries, central bank purchases and periods of fear in markets. Silver and platinum are also used in industry, so they react to factory demand too.

Why it matters for everyday prices

Gold matters less for everyday prices than oil or food, but it is watched as a gauge of how nervous investors are. It also sets the price of jewellery.

The gold and silver prices quoted in the news are licensed benchmarks (the LBMA prices), so we show the World Bank's index instead of a price per ounce.

Where the numbers come from

Source: World Bank, Commodity Price Data (The Pink Sheet), 2 Oct 2026 edition (CC BY 4.0). Original source: World Bank calculations.

All sources and terms.