DThe price of gold has more than tripled over the past ten years—from around €1,000 per ounce in 2015 to temporarily over €3,500 in 2025/2026. Inflation, low real interest rates, geopolitical crises, and substantial central-bank purchases are behind this rise. For you as a lover of gold jewelry, this means that the material value of your 585 gold pieces has quietly increased.
Gold price development from 2015 to 2025
Over the past ten years, the price of gold has mainly moved in one direction: upward. In 2015, an ounce of fine gold (around 31 grams) was still priced at approximately €1,000; during the crisis years around 2020, it rose significantly above €1,500—and in 2025, it temporarily exceeded €3,500 per ounce. This represents 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 current daily price fluctuates continuously.
Why is the price of gold rising?
Gold has long been regarded as a “safe haven.” Several forces are working together:
- Inflation and low real interest rates. When money loses purchasing power and interest yields little in real terms, gold becomes more attractive as a stable store of value.
- Geopolitical crises. Conflicts and political uncertainty increase demand for gold—it is considered resilient in times of crisis.
- Central-bank purchases. Central banks worldwide have significantly increased their gold reserves to become less dependent on the US dollar.
- Government debt and monetary policy. High debt levels and expansionary monetary policy undermine confidence in fiat currencies and support the price of gold.
- The US dollar. Since gold is usually traded in dollars, a weaker dollar makes gold more attractive to buyers in the euro area.
- Limited supply. Global mine production is barely growing, while demand is increasing—this supports the price over the long term.
What do the forecasts say?
Many banks expect gold to remain in demand in the coming years. In the base case, institutions cite ranges of around US$3,000 to US$4,000 per ounce; in optimistic scenarios, they mention US$5,000 or more.
This article is for informational purposes only and does not constitute investment advice. Third-party forecasts are estimates and are not guarantees—no one can reliably predict the price of gold.
What does this mean for your gold jewelry?
Here it becomes concrete. The material value of a piece of jewelry depends on three things: weight, fineness, and the current gold price.
- 585 gold contains 58.5% fine gold (14 karats) — a proven balance of value retention and everyday wearability.
- 750 gold contains 75% fine gold (18 karats) and is closer to the fine gold price in terms of 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 price per gram of fine gold.
How much does 1 gram of 585 gold cost?
One of the most common questions — and the answer follows directly from the fine gold price. 585 gold contains 58.5% fine gold; the remainder consists of valuable alloy metals. Calculate the pure material value per gram as follows: fine gold price per gram × 0.585.
At a fine gold price of around €110 per gram (2026 guideline), the pure gold value of one gram of 585 gold is therefore approximately €60 to €70 — fluctuating with the gold price. For common jewelry weights, this provides a rough guide:
| 585 gold | approx. material value (2026 guideline) |
|---|---|
| 1 gram | ~€60–70 |
| 5 grams (e.g., a ring) | ~€300–350 |
| 10 grams (e.g., a substantial chain) | ~€600–700 |
Pure material values, rounded and subject to daily fluctuations — the selling price of a piece of jewelry also includes design, workmanship, and, where applicable, gemstones.
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 material value with something no price chart can capture: design, craftsmanship, and personal meaning. A piece you can wear, pass on, and love for years.
At Splendido Jewelry, you will find carefully selected pieces made from genuine 585 gold by Italian goldsmiths — explore our gold jewelry, our gold chains, and our gold rings, such as this 585 yellow gold ring with diamonds.
Real gold carries lasting value — and a story that grows.
Splendido Jewelry
