Bank Of Baku

Gold prices on global markets exceed $4,200 in third quarter

Gold prices on global markets exceed $4,200 in third quarter
# 04 November 2026 16:53 (UTC +04:00)

In the third quarter of this year, the average gold price under the London Bullion Market Association (LBMA) PM Gold Price fixing (the official gold price determined in the afternoon and used as a benchmark in the global gold market) amounted to USD 4,262 per troy ounce, stated in a report by the World Gold Council, APA-Economics reports.

"This is one of the three highest quarterly average price figures ever recorded. The price increased by 23% year-on-year," the report notes.

According to the report, gold mine production increased by 3% year-on-year to 1,071 tons, setting a record for third quarters.

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