Current Price

Current Price

• The global spot price of gold is approximately US $4,000 per troy ounce

• In Bulgaria (in Bulgarian lev, BGN) the price for 24-karat gold is around BGN 218.20 per gram.

• The global spot price of gold is approximately US $4,000 per troy ounce.

• In Bulgaria (in Bulgarian lev, BGN) the price for 24-karat gold is around BGN 218.20 per gram.

What’s driving the price now

• The dollar is strong, which puts downward pressure on gold (since gold is priced in USD).

• Expectations of further interest rate cuts by the Federal Reserve have been reduced, which weakens gold’s safe-haven appeal.

• Policy changes in major economies (like China changing VAT offsets for jewellery retailers) are affecting demand.

• Gold has surged earlier in the year (>50% YTD), so some profit-taking and consolidation may be occurring.

🔍 Outlook & Considerations

• If the Fed signals fewer rate cuts (or none), gold may remain under pressure.

• If there is economic weakness, inflation surprises, geo-political shocks etc, gold could rebound.

• Because it’s already near a milestone (US$4,000/oz), the next moves may be less dram