{
  "releaseId": "metals-research-2026.08-v1",
  "datasetId": "world-bank-precious-metal-prices",
  "sourceId": "world-bank-pink-sheet",
  "sourceRevisionAnnual": "March 03, 2026",
  "sourceRevisionMonthly": "August 04, 2026",
  "unit": "nominal U.S. dollars per troy ounce",
  "ratioDefinition": "gold price divided by silver price using the same monthly or annual World Bank observations",
  "coverage": {
    "annualStart": 1960,
    "annualEnd": 2025,
    "monthlyStart": "1960-01",
    "monthlyEnd": "2026-07"
  },
  "licence": {
    "name": "Creative Commons Attribution 4.0",
    "url": "https://creativecommons.org/licenses/by/4.0/",
    "attribution": "World Bank Commodity Price Data (The Pink Sheet)."
  },
  "limitations": [
    "Prices are period averages in nominal U.S. dollars, not live quotes or intraday highs and lows.",
    "The ratio is a derived comparison, not an investment signal."
  ],
  "annual": [
    {
      "year": 1960,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 0.9,
      "goldSilverRatio": 38.888889
    },
    {
      "year": 1961,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 0.9,
      "goldSilverRatio": 38.888889
    },
    {
      "year": 1962,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.1,
      "goldSilverRatio": 31.818182
    },
    {
      "year": 1963,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.3,
      "goldSilverRatio": 26.923077
    },
    {
      "year": 1964,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.3,
      "goldSilverRatio": 26.923077
    },
    {
      "year": 1965,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.3,
      "goldSilverRatio": 26.923077
    },
    {
      "year": 1966,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.3,
      "goldSilverRatio": 26.923077
    },
    {
      "year": 1967,
      "goldUsdPerTroyOunce": 35.0,
      "silverUsdPerTroyOunce": 1.5,
      "goldSilverRatio": 23.333333
    },
    {
      "year": 1968,
      "goldUsdPerTroyOunce": 39.0,
      "silverUsdPerTroyOunce": 2.1,
      "goldSilverRatio": 18.571429
    },
    {
      "year": 1969,
      "goldUsdPerTroyOunce": 41.0,
      "silverUsdPerTroyOunce": 1.8,
      "goldSilverRatio": 22.777778
    },
    {
      "year": 1970,
      "goldUsdPerTroyOunce": 36.0,
      "silverUsdPerTroyOunce": 1.8,
      "goldSilverRatio": 20.0
    },
    {
      "year": 1971,
      "goldUsdPerTroyOunce": 41.0,
      "silverUsdPerTroyOunce": 1.5,
      "goldSilverRatio": 27.333333
    },
    {
      "year": 1972,
      "goldUsdPerTroyOunce": 58.0,
      "silverUsdPerTroyOunce": 1.7,
      "goldSilverRatio": 34.117647
    },
    {
      "year": 1973,
      "goldUsdPerTroyOunce": 97.0,
      "silverUsdPerTroyOunce": 2.6,
      "goldSilverRatio": 37.307692
    },
    {
      "year": 1974,
      "goldUsdPerTroyOunce": 159.0,
      "silverUsdPerTroyOunce": 4.7,
      "goldSilverRatio": 33.829787
    },
    {
      "year": 1975,
      "goldUsdPerTroyOunce": 161.0,
      "silverUsdPerTroyOunce": 4.4,
      "goldSilverRatio": 36.590909
    },
    {
      "year": 1976,
      "goldUsdPerTroyOunce": 125.0,
      "silverUsdPerTroyOunce": 4.4,
      "goldSilverRatio": 28.409091
    },
    {
      "year": 1977,
      "goldUsdPerTroyOunce": 148.0,
      "silverUsdPerTroyOunce": 4.6,
      "goldSilverRatio": 32.173913
    },
    {
      "year": 1978,
      "goldUsdPerTroyOunce": 193.0,
      "silverUsdPerTroyOunce": 5.4,
      "goldSilverRatio": 35.740741
    },
    {
      "year": 1979,
      "goldUsdPerTroyOunce": 307.0,
      "silverUsdPerTroyOunce": 11.1,
      "goldSilverRatio": 27.657658
    },
    {
      "year": 1980,
      "goldUsdPerTroyOunce": 608.0,
      "silverUsdPerTroyOunce": 20.8,
      "goldSilverRatio": 29.230769
    },
    {
      "year": 1981,
      "goldUsdPerTroyOunce": 460.0,
      "silverUsdPerTroyOunce": 10.5,
      "goldSilverRatio": 43.809524
    },
    {
      "year": 1982,
      "goldUsdPerTroyOunce": 376.0,
      "silverUsdPerTroyOunce": 7.9,
      "goldSilverRatio": 47.594937
    },
    {
      "year": 1983,
      "goldUsdPerTroyOunce": 423.0,
      "silverUsdPerTroyOunce": 11.4,
      "goldSilverRatio": 37.105263
    },
    {
      "year": 1984,
      "goldUsdPerTroyOunce": 360.0,
      "silverUsdPerTroyOunce": 8.1,
      "goldSilverRatio": 44.444444
    },
    {
      "year": 1985,
      "goldUsdPerTroyOunce": 318.0,
      "silverUsdPerTroyOunce": 6.1,
      "goldSilverRatio": 52.131148
    },
    {
      "year": 1986,
      "goldUsdPerTroyOunce": 368.0,
      "silverUsdPerTroyOunce": 5.4,
      "goldSilverRatio": 68.148148
    },
    {
      "year": 1987,
      "goldUsdPerTroyOunce": 446.0,
      "silverUsdPerTroyOunce": 7.0,
      "goldSilverRatio": 63.714286
    },
    {
      "year": 1988,
      "goldUsdPerTroyOunce": 437.0,
      "silverUsdPerTroyOunce": 6.5,
      "goldSilverRatio": 67.230769
    },
    {
      "year": 1989,
      "goldUsdPerTroyOunce": 381.0,
      "silverUsdPerTroyOunce": 5.5,
      "goldSilverRatio": 69.272727
    },
    {
      "year": 1990,
      "goldUsdPerTroyOunce": 383.0,
      "silverUsdPerTroyOunce": 4.8,
      "goldSilverRatio": 79.791667
    },
    {
      "year": 1991,
      "goldUsdPerTroyOunce": 362.0,
      "silverUsdPerTroyOunce": 4.1,
      "goldSilverRatio": 88.292683
    },
    {
      "year": 1992,
      "goldUsdPerTroyOunce": 344.0,
      "silverUsdPerTroyOunce": 3.9,
      "goldSilverRatio": 88.205128
    },
    {
      "year": 1993,
      "goldUsdPerTroyOunce": 360.0,
      "silverUsdPerTroyOunce": 4.3,
      "goldSilverRatio": 83.72093
    },
    {
      "year": 1994,
      "goldUsdPerTroyOunce": 384.0,
      "silverUsdPerTroyOunce": 5.3,
      "goldSilverRatio": 72.45283
    },
    {
      "year": 1995,
      "goldUsdPerTroyOunce": 384.0,
      "silverUsdPerTroyOunce": 5.2,
      "goldSilverRatio": 73.846154
    },
    {
      "year": 1996,
      "goldUsdPerTroyOunce": 388.0,
      "silverUsdPerTroyOunce": 5.2,
      "goldSilverRatio": 74.615385
    },
    {
      "year": 1997,
      "goldUsdPerTroyOunce": 331.0,
      "silverUsdPerTroyOunce": 4.9,
      "goldSilverRatio": 67.55102
    },
    {
      "year": 1998,
      "goldUsdPerTroyOunce": 294.0,
      "silverUsdPerTroyOunce": 5.6,
      "goldSilverRatio": 52.5
    },
    {
      "year": 1999,
      "goldUsdPerTroyOunce": 279.0,
      "silverUsdPerTroyOunce": 5.2,
      "goldSilverRatio": 53.653846
    },
    {
      "year": 2000,
      "goldUsdPerTroyOunce": 279.0,
      "silverUsdPerTroyOunce": 5.0,
      "goldSilverRatio": 55.8
    },
    {
      "year": 2001,
      "goldUsdPerTroyOunce": 271.0,
      "silverUsdPerTroyOunce": 4.4,
      "goldSilverRatio": 61.590909
    },
    {
      "year": 2002,
      "goldUsdPerTroyOunce": 310.0,
      "silverUsdPerTroyOunce": 4.6,
      "goldSilverRatio": 67.391304
    },
    {
      "year": 2003,
      "goldUsdPerTroyOunce": 364.0,
      "silverUsdPerTroyOunce": 4.9,
      "goldSilverRatio": 74.285714
    },
    {
      "year": 2004,
      "goldUsdPerTroyOunce": 409.0,
      "silverUsdPerTroyOunce": 6.7,
      "goldSilverRatio": 61.044776
    },
    {
      "year": 2005,
      "goldUsdPerTroyOunce": 445.0,
      "silverUsdPerTroyOunce": 7.3,
      "goldSilverRatio": 60.958904
    },
    {
      "year": 2006,
      "goldUsdPerTroyOunce": 604.0,
      "silverUsdPerTroyOunce": 11.6,
      "goldSilverRatio": 52.068966
    },
    {
      "year": 2007,
      "goldUsdPerTroyOunce": 697.0,
      "silverUsdPerTroyOunce": 13.4,
      "goldSilverRatio": 52.014925
    },
    {
      "year": 2008,
      "goldUsdPerTroyOunce": 872.0,
      "silverUsdPerTroyOunce": 15.0,
      "goldSilverRatio": 58.133333
    },
    {
      "year": 2009,
      "goldUsdPerTroyOunce": 973.0,
      "silverUsdPerTroyOunce": 14.6,
      "goldSilverRatio": 66.643836
    },
    {
      "year": 2010,
      "goldUsdPerTroyOunce": 1225.0,
      "silverUsdPerTroyOunce": 20.2,
      "goldSilverRatio": 60.643564
    },
    {
      "year": 2011,
      "goldUsdPerTroyOunce": 1569.0,
      "silverUsdPerTroyOunce": 35.2,
      "goldSilverRatio": 44.573864
    },
    {
      "year": 2012,
      "goldUsdPerTroyOunce": 1670.0,
      "silverUsdPerTroyOunce": 31.1,
      "goldSilverRatio": 53.697749
    },
    {
      "year": 2013,
      "goldUsdPerTroyOunce": 1411.0,
      "silverUsdPerTroyOunce": 23.8,
      "goldSilverRatio": 59.285714
    },
    {
      "year": 2014,
      "goldUsdPerTroyOunce": 1266.0,
      "silverUsdPerTroyOunce": 19.1,
      "goldSilverRatio": 66.282723
    },
    {
      "year": 2015,
      "goldUsdPerTroyOunce": 1161.0,
      "silverUsdPerTroyOunce": 15.7,
      "goldSilverRatio": 73.949045
    },
    {
      "year": 2016,
      "goldUsdPerTroyOunce": 1249.0,
      "silverUsdPerTroyOunce": 17.1,
      "goldSilverRatio": 73.040936
    },
    {
      "year": 2017,
      "goldUsdPerTroyOunce": 1258.0,
      "silverUsdPerTroyOunce": 17.1,
      "goldSilverRatio": 73.567251
    },
    {
      "year": 2018,
      "goldUsdPerTroyOunce": 1269.0,
      "silverUsdPerTroyOunce": 15.7,
      "goldSilverRatio": 80.828025
    },
    {
      "year": 2019,
      "goldUsdPerTroyOunce": 1392.0,
      "silverUsdPerTroyOunce": 16.2,
      "goldSilverRatio": 85.925926
    },
    {
      "year": 2020,
      "goldUsdPerTroyOunce": 1770.0,
      "silverUsdPerTroyOunce": 20.5,
      "goldSilverRatio": 86.341463
    },
    {
      "year": 2021,
      "goldUsdPerTroyOunce": 1800.0,
      "silverUsdPerTroyOunce": 25.2,
      "goldSilverRatio": 71.428571
    },
    {
      "year": 2022,
      "goldUsdPerTroyOunce": 1801.0,
      "silverUsdPerTroyOunce": 21.8,
      "goldSilverRatio": 82.614679
    },
    {
      "year": 2023,
      "goldUsdPerTroyOunce": 1943.0,
      "silverUsdPerTroyOunce": 23.4,
      "goldSilverRatio": 83.034188
    },
    {
      "year": 2024,
      "goldUsdPerTroyOunce": 2388.0,
      "silverUsdPerTroyOunce": 28.3,
      "goldSilverRatio": 84.381625
    },
    {
      "year": 2025,
      "goldUsdPerTroyOunce": 3442.0,
      "silverUsdPerTroyOunce": 39.8,
      "goldSilverRatio": 86.482412
    }
  ]
}