Gold has reached a significant milestone in 2025, surpassing a market capitalization of $30 trillion. This surge positions it ahead of major tech giants and digital currencies alike. As traditional wealth preservation finds renewed appeal, gold’s price per ounce has soared to around $4,380, reflecting a 66% increase. This bullish trend includes a notable 13% rise just in October.
Market Capitalization Overview
According to TradingView data, gold’s market capitalization currently stands at approximately $30.42 trillion. This figure is derived from an estimated above-ground global supply of about 216,265 metric tonnes, as reported by the World Gold Council.
Top Competitors
In comparison, notable companies include:
- Nvidia (NVDA): $4.42 trillion
- Microsoft (MSFT)
- Apple (AAPL)
- Alphabet (Google)
- Silver
- Amazon (AMZN)
- Bitcoin (BTC): $2.17 trillion
Economic Implications
Gold’s status as a non-productive asset raises questions about the current economic climate. Unlike stocks or bonds, gold does not provide dividends or interest. Its value is strongly linked to its perception as a safe haven, especially during times of uncertainty.
The premium gold commands over leading tech firms suggests a broader economic malaise. Investors are increasingly viewing gold as a safer alternative to the U.S. dollar. Ken Griffin, CEO of Citadel, highlighted this concern, noting that gold’s record rally serves as a cautionary indicator for the U.S. economy’s stability.
Factors Behind Gold’s Surge
The recent rally in gold prices is attributed to several factors:
- Fiscal challenges in the U.S. and globally
- Persistent inflation rates
- Ongoing geopolitical tensions
- Predicted rate cuts by the Federal Reserve
Bitcoin’s Position
While gold has demonstrated a robust gain this year, bitcoin’s performance has been relatively modest, with a 16% increase in 2025. Both assets share characteristics as non-productive stores of value. As the gold rally potentially stabilizes, market analysts anticipate an influx of investment funds into bitcoin, given its relatively lower price at that time.
