It is best to buy gold when the price per ounce is the lowest. In January and February 2015, gold prices per ounce ranged from $1,000 to $1,200. The average price per ounce in January 2005 was $420.
Gold prices have risen steadily over the past decade. The highest price gold traded at was during September 2011, when gold topped out at over $1,800 per ounce. To check up-to-the-minute trading prices on gold, visit GoldPrice.org. Gold can be purchased and traded in a variety of physical forms, including coins, certificates and jewelry. Gold can also be purchased and traded in the form of gold futures, gold ETFs and gold mining stocks.