USD $4,626.00 −0.87% US Dollar, 4,626.00 per Troy Ounce, Down 0.87 percent today
EUR €3,968.23 −0.87% Euro, 3,968.23 per Troy Ounce, Down 0.87 percent today
GBP £3,400.63 −0.87% British Pound, 3,400.63 per Troy Ounce, Down 0.87 percent today
AED د.إ16,988.99 −0.87% UAE Dirham, 16,988.99 per Troy Ounce, Down 0.87 percent today
SAR ﷼17,347.50 −0.87% Saudi Riyal, 17,347.50 per Troy Ounce, Down 0.87 percent today
INR ₹441,625 −0.87% Indian Rupee, 441,625 per Troy Ounce, Down 0.87 percent today
PKR ₨1,284,441 −0.87% Pakistani Rupee, 1,284,441 per Troy Ounce, Down 0.87 percent today
JPY ¥736,621 −0.87% Japanese Yen, 736,621 per Troy Ounce, Down 0.87 percent today
CNY ¥31,169.14 −0.87% Chinese Yuan, 31,169.14 per Troy Ounce, Down 0.87 percent today
AUD A$6,444.05 −0.87% Australian Dollar, 6,444.05 per Troy Ounce, Down 0.87 percent today
CAD C$6,416.66 −0.87% Canadian Dollar, 6,416.66 per Troy Ounce, Down 0.87 percent today
CHF CHF3,724.17 −0.87% Swiss Franc, 3,724.17 per Troy Ounce, Down 0.87 percent today
TRY ₺222,754 −0.87% Turkish Lira, 222,754 per Troy Ounce, Down 0.87 percent today

USD $4,626.00 −0.87% US Dollar, 4,626.00 per Troy Ounce, Down 0.87 percent today
EUR €3,968.23 −0.87% Euro, 3,968.23 per Troy Ounce, Down 0.87 percent today
GBP £3,400.63 −0.87% British Pound, 3,400.63 per Troy Ounce, Down 0.87 percent today
AED د.إ16,988.99 −0.87% UAE Dirham, 16,988.99 per Troy Ounce, Down 0.87 percent today
SAR ﷼17,347.50 −0.87% Saudi Riyal, 17,347.50 per Troy Ounce, Down 0.87 percent today
INR ₹441,625 −0.87% Indian Rupee, 441,625 per Troy Ounce, Down 0.87 percent today
PKR ₨1,284,441 −0.87% Pakistani Rupee, 1,284,441 per Troy Ounce, Down 0.87 percent today
JPY ¥736,621 −0.87% Japanese Yen, 736,621 per Troy Ounce, Down 0.87 percent today
CNY ¥31,169.14 −0.87% Chinese Yuan, 31,169.14 per Troy Ounce, Down 0.87 percent today
AUD A$6,444.05 −0.87% Australian Dollar, 6,444.05 per Troy Ounce, Down 0.87 percent today
CAD C$6,416.66 −0.87% Canadian Dollar, 6,416.66 per Troy Ounce, Down 0.87 percent today
CHF CHF3,724.17 −0.87% Swiss Franc, 3,724.17 per Troy Ounce, Down 0.87 percent today
TRY ₺222,754 −0.87% Turkish Lira, 222,754 per Troy Ounce, Down 0.87 percent today

Tagged: supply elasticity

Analysis 26 Aug 2026 4 min read

Why Gold Mining Supply Responds Slowly to Higher Prices

Gold mining supply is highly inelastic in the short term. Higher prices trigger new projects, but exploration, permitting, and construction take years, while existing mines face ore-grade declines.