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Gold, oil and silver compared

Compare currencies, commodities and interest rates using official published data.

Reference data based on official publications · Not real-time prices

Frequency & definition
Monthly average prices (World Bank, monthly)
Reference month
Retrieved at

Gold / WTI crude

Unit bbl/ozt: barrels of crude equivalent to one troy ounce of gold

Ratio of monthly average prices

53.34 bbl/ozt

Reference month:

Gold

4,411.00 USD/troy oz

Reference month:

Monthly average price (World Bank)

WTI crude oil

82.70 USD/bbl

Reference month:

Monthly average price (World Bank)

Gold / WTI crude ratio (monthly average prices, up to 60 months)

Vertical axis unit: bbl/ozt

Gold / WTI crude ratio (monthly average prices, up to 60 months) 59 observations. Minimum 16.03, maximum 78.82. Vertical axis unit: bbl/ozt

Range shown: minimum 16.03, maximum 78.82

The horizontal axis shows reference months. The line breaks at months without a value; nothing is interpolated.

Show data table
Gold / WTI crude ratio (monthly average prices, up to 60 months)
Reference monthRatio of monthly average prices (bbl/ozt)
21.86
23.01
25.03
21.85
20.24
17.95
19.03
16.87
16.03
17.35
19.27
20.04
19.06
20.34
23.50
24.30
24.15
26.06
25.19
27.82
27.68
25.54
23.57
21.38
22.38
25.63
28.10
27.52
26.38
26.81
27.55
29.84
29.48
29.79
32.67
36.94
37.57
38.03
37.94
36.09
40.60
44.00
51.00
54.25
49.67
49.55
52.54
57.58
67.41
68.57
74.42
78.82
77.71
53.25
47.88
46.29
51.62
51.30
53.34

Gold / silver

Unit ×: troy ounces of silver equivalent to one troy ounce of gold

Ratio of monthly average prices

67.45 ×

Reference month:

Gold

4,411.00 USD/troy oz

Reference month:

Monthly average price (World Bank)

Silver

65.40 USD/troy oz

Reference month:

Monthly average price (World Bank)

Gold / silver ratio (monthly average prices, up to 60 months)

Vertical axis unit: ×

Gold / silver ratio (monthly average prices, up to 60 months) 59 observations. Minimum 51.61, maximum 100.88. Vertical axis unit: ×

Range shown: minimum 51.61, maximum 100.88

The horizontal axis shows reference months. The line breaks at months without a value; nothing is interpolated.

Show data table
Gold / silver ratio (monthly average prices, up to 60 months)
Reference monthRatio of monthly average prices (×)
75.94
75.29
79.56
78.28
78.98
77.00
79.06
84.43
85.05
90.73
89.59
88.94
85.77
82.14
77.17
80.08
84.70
86.95
80.00
81.98
83.03
80.29
82.01
82.94
85.54
84.43
84.77
88.82
89.12
88.08
84.76
79.97
78.58
80.47
86.67
85.42
83.02
85.24
85.97
89.14
89.91
89.85
99.94
100.88
93.14
88.59
88.17
85.70
82.15
81.09
69.17
51.61
61.29
62.34
62.20
58.81
63.39
69.27
67.45

Methodology and sources

Read the method, timing rules and caveats

Monthly average prices of gold (Gold, USD per troy ounce), silver (Silver, USD per troy ounce) and WTI crude oil (Crude oil, WTI, USD per barrel) from the monthly table of World Bank Commodity Price Data (The Pink Sheet). Series are checked by their column names and units.

The ratio is between monthly average prices; it is not a monthly average of daily ratios. Gold/WTI is in bbl/ozt; gold/silver is a unitless multiple. Months with a missing or non-positive denominator are not calculated.

Gold / WTI = (USD/troy oz) ÷ (USD/bbl) = bbl/ozt   ·   Gold / Silver = (USD/troy oz) ÷ (USD/troy oz)

Only closed months (up to last month) are used; no value is created for the current month. Ratios use only the same reference month for both prices.

The price comparison sets the first month with both values to 100 and shows both lines; it does not imply causation. The line breaks at months without values; nothing is interpolated.

Guide for "Awaiting update" (a heuristic of this site, not an official publication calendar): FX and bond yields more than 10 calendar days after the latest observation date, policy rates more than 21 calendar days, monthly commodity prices when the reference month is 3 or more months ago. If retrieval has not succeeded for 48 hours or more, this is shown separately regardless of the observation date. Market holidays are not determined.

Source: World Bank Commodity Price Data (The Pink Sheet) (opens in a new tab), licensed under CC BY 4.0 (opens in a new tab). Terms: Terms of use (opens in a new tab). Ratios and indices are calculated by this site (Tokubaku).

This is not investment solicitation or advice.