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U.S. import gold prices up 29.8 percent over year ended September 2024

October 29, 2024

Import prices for nonmonetary gold rose 29.8 percent from September 2023 to September 2024. This increase was the largest 12-month advance since a 35.6-percent rise over the year ended August 2020. Prices for nonmonetary gold imports have not decreased on a year-over-year basis since declining 4.9 percent in March 2023.

U.S. import price indexes for nonmonetary gold and other precious metals, 12-month percent changes, September 2019 to September 2024
Month Nonmonetary gold Other precious metals

Sep 2019

27.7 39.5

Oct 2019

24.4 35.3

Nov 2019

21.3 38.3

Dec 2019

18.6 37.7

Jan 2020

19.2 41.1

Feb 2020

19.1 67.4

Mar 2020

27.1 65.7

Apr 2020

24.5 34.9

May 2020

32.9 27.1

Jun 2020

28.6 43.8

Jul 2020

26.6 34.4

Aug 2020

35.6 57.6

Sep 2020

27.1 57.5

Oct 2020

27.4 51.6

Nov 2020

28.7 47.5

Dec 2020

23.4 54.9

Jan 2021

25.3 57.6

Feb 2021

16.5 35.7

Mar 2021

4.7 52.6

Apr 2021

8.6 97.1

May 2021

6.2 124.7

Jun 2021

10.4 78.5

Jul 2021

1.8 59.7

Aug 2021

-10.5 35.7

Sep 2021

-6.7 10.4

Oct 2021

-7.5 -3.3

Nov 2021

-6.6 0.6

Dec 2021

-1.8 -11.8

Jan 2022

-6.0 -16.4

Feb 2022

-1.4 -10.4

Mar 2022

12.3 -14.0

Apr 2022

10.9 -20.9

May 2022

3.8 -31.5

Jun 2022

-2.4 -28.2

Jul 2022

-2.2 -25.8

Aug 2022

-1.6 -22.1

Sep 2022

-6.0 -19.9

Oct 2022

-3.5 -0.1

Nov 2022

-7.9 -11.3

Dec 2022

0.1 -2.6

Jan 2023

2.3 -4.3

Feb 2023

6.4 -15.6

Mar 2023

-4.9 -34.7

Apr 2023

3.7 -30.5

May 2023

7.3 -20.7

Jun 2023

6.4 -21.6

Jul 2023

9.0 -29.1

Aug 2023

9.8 -29.8

Sep 2023

12.8 -26.3

Oct 2023

7.3 -34.0

Nov 2023

20.9 -28.7

Dec 2023

13.8 -30.9

Jan 2024

11.2 -29.9

Feb 2024

6.1 -30.8

Mar 2024

16.7 -18.4

Apr 2024

13.8 -15.3

May 2024

14.6 -20.6

Jun 2024

19.1 -10.1

Jul 2024

22.4 9.8

Aug 2024

23.7 0.6

Sep 2024

29.8 3.8

The import prices for other precious metals also advanced over the past 12 months, rising 3.8 percent following 12-month increases of 0.6 percent and 9.8 percent in August 2024 and July 2024, respectively. Those 12-month advances were the first since these prices rose 0.6 percent from November 2020 to November 2021.

These data are from the International Price program. To learn more, see “U.S. Import and Export Price Indexes — September 2024." We also have more charts on U.S. import and export prices. Import and export price changes may be revised in each of the 3 months after original publication.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, U.S. import gold prices up 29.8 percent over year ended September 2024 at https://www.bls.gov/opub/ted/2024/u-s-import-gold-prices-up-29-8-percent-over-year-ended-september-2024.htm (visited November 11, 2024).

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