World gold prices reached $4,600 per ounce, while lithium prices surged by over 155% compared to the same period last year.

On April 29, 2026, the price of gold recorded a slight increase of 0.09%, officially reaching $4,600.05 per ounce. This development brings the total increase of the precious metal since the beginning of the year to 6.5% and a 40.57% increase compared to the same period in 2025. The metals market generally remains stable, with capital flows mainly concentrated in safe-haven assets and industrial metals with high application potential.

Precious metals group: Gold and Silver maintain their green color.

Alongside the rise in gold prices, silver also recorded a recovery of 0.97%, reaching $73.747 per ounce. Despite the positive trading session, silver still recorded a decrease of 5.09% over the past week. Notably, compared to the same period last year, the price of silver has increased by as much as 126.02%, demonstrating the strong appeal of this metal to long-term investors.

Conversely, platinum faced selling pressure, falling 0.46% to $1,949.70 per ounce. Year-to-date, the commodity has declined 5.81%, despite its value remaining more than double that of the same period last year (up 102.66%).

Lithium and copper lead the group of industrial metals.

In the group of metals used in industry and renewable energy, copper rose 0.72% to $5.9601/lb. This is a positive result as copper has recorded an 8.84% increase this month and a 4.89% increase since the beginning of the year. Stable copper demand is significantly supporting its price on international exchanges.

In particular, although Lithium experienced a slight downward correction of 0.85% on the day to 174,500 CNY/ton, it maintained its position as the fastest-growing commodity. Compared to the beginning of the year, Lithium has increased by 47.26% and has surged by 155.68% compared to the same period in 2025. The dominance of Lithium reflects the enormous demand from the global battery and electric vehicle manufacturing industries.

The steel and iron ore markets remain in a sideways trading pattern.

The global steel industry saw little significant fluctuation in this session. In the Chinese market, steel prices rose slightly by 0.13%, reaching 3,144 CNY/ton. Meanwhile, HRC steel prices remained unchanged at 56,702.83 USD/ton. Overall, the steel market is in a consolidation phase with narrow price fluctuations.

For iron ore, the price movement was mixed across currencies. Iron ore prices in USD fell 0.26% to $1,105.07 per ton, but still maintained an impressive 18.19% increase year-to-date. Conversely, prices in Chinese Yuan (CNY) rose slightly by 0.13% to 781.50 CNY per ton, reflecting the impact of exchange rate fluctuations on trading sentiment in the Chinese domestic market.

Summary of metal prices on April 29, 2026

Overall, the global metals market remains highly polarized. While strategic industrial metals like copper and lithium are receiving strong support from emerging production trends, precious metals like gold continue to play a crucial role in preserving smart money against economic uncertainties.