The average price of gold rises again and this November 12 marks 114.27 euros per gram of 24 carats, which represents an increase of 2.96%, compared to the price just a week ago, taking into account that Last Wednesday, November 5, a gram of gold was sold at 110.98 euros. In this way, a gram of 24-karat gold is paid 3.29 euros more today than last Wednesday. This price is updated live daily and is published by the specialized international portal Exchange-Rates.
Gold is rising again after the rise last Wednesday and the decline it marked two weeks ago, now reaching a price very similar to that of just three weeks ago, when it marked 114.56 euros per gram.
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For investors, gold continues to be a safe haven, due to its power to maintain economic capital in times of global economic uncertainty. This precious metal was always chosen as an element of economic refuge in the face of wars, crises or collapses in the global financial market.
The price of gold today per gram, ounce and kilogram
This element of wealth changes its value every hour, so it updates its price status practically every minute, just like other investments. These were the movements recorded by the spot price of gold this Wednesday, November 12 before 9 in the morning:
- Price of 24-karat gold per gram: 114.27 euros, with a drop of 0.60833 euros compared to the previous day.
- Price of 24-karat gold per ounce: 3,554.08 euros, with an increase of 18.9212 euros compared to the previous day
- Price of 24-karat gold per kilogram: 114,266 euros, with an increase of 608.33 euros compared to the previous day.
In general, the gold metal continues its upward trend that it has been following throughout 2025, a year in which it has reached a historical record on several occasions, surprising everyone and everyone.
The upward trend of gold in 2025: causes and evolution
In the last year, the price of 24-karat gold in Spain has experienced a significant increase of 45.96% no more and no less, going from a minimum of approximately 78.135 euros per gram on November 15, 2024 to the ceiling of 120.71 euros per gram that it reached on October 20, 2025 (one of several records that the price of gold has been surpassing throughout this year). This strong upward trend reflects both the evolution of global markets and local supply and demand factors that affect the value of the precious metal.
The main impulses come from a complex macroeconomic environment: the combination of inflation expectations, interest rates at very low or decreasing levels, the depreciation of the dollar currency and an increase in gold as a safe haven asset have favored the rise. For example, the fall in the opportunity cost of holding gold versus bonds has been a key factor. In addition, increasing purchases by central banks and greater geopolitical insecurity have reinforced demand.
From the point of view of the Spanish market, these international factors have been transferred locally through an increase in the price “per gram” recorded in the data: the approximate annual minimum of 78.13 euros and the maximum of 120.71 euros show the extent of the variability. This evolution implies that for anyone who bought gold a year ago, the value of their investment has grown significantly, although it also means that the price is now at high levels, which raises new considerations for possible entries or expansions of exposure to the metal.