DThe gold price has more than tripled in the last ten years — from around 1,000 euros per ounce (2015) to over 3,500 euros at times (2025/2026). Behind this increase are inflation, low real interest rates, geopolitical crises, and massive central bank purchases. For you as a lover of gold jewelry, this means: the material value of your pieces made of 585 gold has quietly grown.
Gold price development 2015 to 2025
In the past ten years, the gold price has mostly moved in one direction: up. What was about 1,000 euros per fine ounce (around 31 grams) in 2015 rose significantly above 1,500 euros during the crisis years around 2020 — and reached more than 3,500 euros per ounce at times in 2025. This corresponds to an increase of around 200 percent.
| Year | approx. gold price per ounce (EUR) | approx. per gram (EUR) |
|---|---|---|
| 2015 | ~$1,000 | ~€32 |
| 2020 | ~$1,550 | ~€50 |
| 2023 | ~$1,900 | ~€61 |
| 2025/26 | over $3,500 | over €112 |
Reference values for orientation, rounded. The daily price fluctuates continuously.
Why is the gold price rising?
Gold has always been considered a "safe haven." Several factors work together:
- Inflation and low real interest rates. When money loses purchasing power and real interest rates yield little, gold gains attractiveness as a stable store of value.
- Geopolitical crises. Conflicts and political uncertainty increase demand for gold — it is considered crisis-proof.
- Central bank purchases. Central banks worldwide have significantly increased their gold reserves to become more independent from the US dollar.
- National debt and monetary policy. High debt and expansive monetary policy weaken confidence in paper currencies and support the gold price.
- The US dollar. Since gold is mostly traded in dollars, a weaker dollar makes gold more attractive for buyers in the Eurozone.
- Limited supply. Global mine production is barely growing while demand is rising — this supports the price in the long term.
What do the forecasts say?
Many banks expect gold to remain in demand in the coming years. In the base scenario, institutions mention ranges of about 3,000 to 4,000 US dollars per ounce; optimistic scenarios cite 5,000 dollars and more.
This article is for informational purposes only and does not constitute investment advice. Third-party forecasts are assessments and not guarantees — no one can predict the gold price with certainty.
What does this mean for your gold jewelry?
Here it gets concrete. The material value of a piece of jewelry depends on three things: weight, fineness, and current gold price.
- 585 gold contains 58.5% fine gold (14 karat) — a proven balance of value retention and everyday suitability.
- 750 gold contains 75% fine gold (18 karat) and is closer to the fine gold price in pure material value.
Weight (g) × fineness ÷ 1000 × fine gold price per gram = material value. Example: a 5-gram ring made of 585 gold ≈ 5 × 0.585 × daily fine gold price per gram.
What does 1 gram of 585 gold cost?
One of the most common questions — and the answer comes directly from the fine gold price. 585 gold contains 58.5% fine gold; the rest are value-giving alloy metals. You calculate the pure material value per gram as follows: fine gold price per gram × 0.585.
With a fine gold price of around 110 euros per gram (reference 2026), the pure gold value of one gram of 585 gold is about 60 to 70 euros — fluctuating with the gold price. For common jewelry weights, this gives a rough guideline:
| 585 gold | approximate material value (reference 2026) |
|---|---|
| 1 gram | ~60–70 € |
| 5 grams (e.g., a ring) | ~300–350 € |
| 10 grams (e.g., a sturdy chain) | ~600–700 € |
Pure material values, rounded and daily dependent — the selling price of a piece of jewelry also includes design, workmanship, and possibly stones.
Pure 999 gold would be too soft for jewelry — it is the alloy that makes a piece wearable and durable. And unlike a bar in a safe, gold jewelry combines the material value with something that no price chart can capture: design, craftsmanship, and personal significance. A piece you wear, pass on, and love for years.
At Splendido Jewelry, you will find carefully selected pieces made of genuine 585 gold from Italian goldsmiths — discover our gold jewelry, our gold chains, and gold rings, such as this 585 yellow gold ring with diamonds.
Real gold carries a value that lasts — and a story that grows.
Splendido Jewelry
