Gold price in Colombia today: Price and volatility for May 21, 2025

Gold remains one of the safest resources for safeguarding capital value. Therefore, if you're thinking about investing, trading, or simply want to know the price of gold today, May 21st, in Colombia, check out all the details below.

Gold price today in Colombia

The price of gold in Colombia today stands at $3,318.2 per ounce , according to the FOREX market. This price can fluctuate due to global market volatility . However, gold is considered a safe haven asset , meaning an investment that maintains its value even in harsh economic conditions.

Current Gold Price Today: Key Facts

Price per ounce: 3318.2 USD.

Yesterday's price: 3280.3 USD.

Price a week ago: 3220.7 USD.

Price a year ago: 2389.2 USD.

All-time high: 3411.4 USD.

All-time low: 2291.4 USD.

Changes and volatility in gold

Daily variation: 1.4739126%

Weekly variation: 4.299997%

Annual variation: 4.299997%

Weekly volatility: 21.809837%

Annual volatility: 17.9446%

Why does the price of gold rise or fall?

According to the specialized entity Valoro, several factors impact the price of gold worldwide:

Central Bank Demand: Countries like China, Russia, India, and others are buying large quantities of gold to bolster their reserves, driving up its price.

Limited supply and production: Extraction is becoming increasingly expensive, reducing supply and raising prices.

Relationship with other currencies: When the dollar falls, gold tends to rise. Fluctuations in currencies such as the euro, yen, and pound also have an impact.

Inflation and economic uncertainty: In times of crisis or inflation, gold becomes a safe haven for preserving capital.

Geopolitical conflicts: Global tensions, wars or attacks can increase demand.

Global recessions: Central banks are stockpiling gold as a way to ensure liquidity and financial stability.

All of these factors are driving gold's upward trend in the current economic climate.

Where to buy gold in Colombia?

Banco de la República (Banrep) is the safest option for buying and selling gold in Colombia, as well as other precious metals, such as silver and platinum.

To sell to Banrep, gold must specifically meet the following requirements:

Be in a natural state , without physical or chemical treatments.

They must not be melted or chemically or mechanically processed.

You can find the complete guidelines and updated requirements on Banrep 's official channels.

Likewise, there are some other options for selling or investing in physical gold , such as:

Official metal and jewelry buying and selling houses : They accept some jewelry, ingots, or coins.

Commercial banks : Some offer gold for investment, such as bullion, or gold-linked products, such as ETFs (exchange-traded funds). However, it's essential to inquire directly with the bank.

Authorized traders in mining areas. It is essential to verify that the gold has a certificate of legality.

Pros and cons of buying gold: is it really worth investing in?

In 2024, both silver and gold achieved record prices:

Gold: Surpassed $3,000 USD/OZ.

Silver: Up 45% in 2024, reaching $34/oz.

This reaffirms their value as a safe haven asset , particularly in times of uncertainty. Below are the pros and cons of investing in gold:

Advantages of buying gold

Tangible asset that maintains its value over the long term.

Historically, it is revalued over time.

Its cost increases during geopolitical or economic crises.

Disadvantages

Limited profitability , compared to other financial means.

It does not replace other investments , it works as a reinforcement.

Liquidity is more limited than other assets (slow sales, non-standardized prices).

It is not free from price drops.

You can expect high storage costs .

Recommendations before buying gold in Colombia

Before investing in gold, make sure you know the following considerations:

Check the purity: Investment gold should be at least 99.5% pure.

Ask for documents that support its authenticity , such as certificates of legality.

Choose how you will protect it: If you buy physical gold, consider its safe storage .

Review tax issues: Find out how to report profits to the Colombian tax system.

Investing in gold is a stable strategy to protect your assets during times of market volatility and inflation. While it's not an investment that generates significant returns in the short term, it can be an invaluable addition to a diversified portfolio . Always be sure to educate yourself before buying, compare prices , and have legal support for any transaction.