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By Dipesh Ghimire

Gold Prices Soar to Record Heights: A Decade-Long Surge in the Global Market

Gold Prices Soar to Record Heights: A Decade-Long Surge in the Global Market

In the past decade, the price of gold has seen an unprecedented rise in the global market. Based on data in US dollars per ounce, the price of gold, which was around $1,115 in early 2016, has skyrocketed to over $4,988 as of January 2026. This represents an astonishing increase of nearly 347%, with the price of gold rising by approximately $3,872 in just 10 years. This sharp increase in gold's value highlights a significant surge in demand and investment confidence in the precious metal.

Gold's price has been relatively stable between 2016 and 2019, with gradual and steady increases. However, the situation changed dramatically after 2020, with a rapid and clear surge in gold prices. In particular, from 2024 onwards, the price of gold has seen an even steeper incline, reaching new records in a short period. Despite some minor fluctuations in the market, the overall trend points towards continuous growth, with the price strengthening in the last couple of years.

A particularly significant milestone was reached on January 26, 2026, when the price of gold closed at $4,988.56 per ounce, marking the highest level in the last 10 years. This not only indicates a record-breaking price point but also reaffirms gold's status as a stronger and more attractive asset in the global market. With such consistent upward momentum, gold has firmly established itself as a go-to investment for both individual investors and institutional buyers alike.

Looking at the historical context of the price increase, we can also note that during 2021 and 2022, gold's price showed signs of stabilization. However, the subsequent years revealed a strong rebound, pushing the price to record highs. The recent surge in gold prices highlights the growing trust investors have in the precious metal as a safe and long-term investment.

To put this into perspective, one ounce of gold weighs 31.1035 grams, while one tola (a traditional South Asian unit) weighs 11.664 grams. Hence, one ounce of gold roughly equals 2.66 tolas. This conversion gives a more localized understanding of the price rise, especially for gold buyers in South Asia, where gold plays a significant role in the economy and culture.

In conclusion, the remarkable price increase in gold over the past decade can be attributed to a variety of factors, including increased demand for safe-haven investments, geopolitical uncertainties, and inflation concerns. As the global economy continues to face volatility, the price of gold has risen as a secure store of value. Looking forward, gold's role in global markets seems to be stronger than ever, with investors increasingly seeing it as an asset capable of weathering uncertain economic storms.

This trend of escalating gold prices signifies not only a major milestone for the precious metal but also reflects the growing faith in it as a stable and profitable long-term investment.

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