<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001796187</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000085535</issuerCik>
            <issuerName>ROYAL GOLD, INC.</issuerName>
            <secFileNumber>001-13357</secFileNumber>
            <issuerAddress>
                <ns2:street1>1144 15TH STREET, SUITE 2500</ns2:street1>
                <ns2:city>Denver</ns2:city>
                <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                <ns2:zipCode>80202</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(303) 573-1660</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RANDY SHEFMAN</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>1000</noOfUnitsSold>
            <aggregateMarketValue>130065.40</aggregateMarketValue>
            <noOfUnitsOutstanding>65733062</noOfUnitsOutstanding>
            <approxSaleDate>05/15/2024</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/24/2022</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>229</amountOfSecuritiesAcquired>
            <paymentDate>08/24/2022</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/18/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>256</amountOfSecuritiesAcquired>
            <paymentDate>08/18/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/21/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>41</amountOfSecuritiesAcquired>
            <paymentDate>08/21/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>08/13/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>219</amountOfSecuritiesAcquired>
            <paymentDate>08/13/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>03/03/2023</acquiredDate>
            <natureOfAcquisitionTransaction>Restricted Stock</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>255</amountOfSecuritiesAcquired>
            <paymentDate>03/03/2023</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RANDY SHEFMAN</name>
                <address>
                    <ns2:street1>1144 15TH STREET, SUITE 2500</ns2:street1>
                    <ns2:city>Denver</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80202</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>03/11/2024</saleDate>
            <amountOfSecuritiesSold>500</amountOfSecuritiesSold>
            <grossProceeds>56500.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>RANDY SHEFMAN</name>
                <address>
                    <ns2:street1>1144 15TH STREET, SUITE 2500</ns2:street1>
                    <ns2:city>Denver</ns2:city>
                    <ns2:stateOrCountry>CO</ns2:stateOrCountry>
                    <ns2:zipCode>80202</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/22/2024</saleDate>
            <amountOfSecuritiesSold>500</amountOfSecuritiesSold>
            <grossProceeds>52090.05</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/15/2024</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Randy Shefman</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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144
0001796187
XXXXXXXX
LIVE
0000085535
ROYAL GOLD, INC.
001-13357
1144 15TH STREET, SUITE 2500
Denver
CO
80202
(303) 573-1660
RANDY SHEFMAN
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
1000
130065.40
65733062
05/15/2024
NASDAQ
Common
08/24/2022
Restricted Stock
Issuer
N
229
08/24/2022
Not Applicable
Common
08/18/2023
Restricted Stock
Issuer
N
256
08/18/2023
Not Applicable
Common
08/21/2023
Restricted Stock
Issuer
N
41
08/21/2023
Not Applicable
Common
08/13/2023
Restricted Stock
Issuer
N
219
08/13/2023
Not Applicable
Common
03/03/2023
Restricted Stock
Issuer
N
255
03/03/2023
Not Applicable
N
RANDY SHEFMAN
1144 15TH STREET, SUITE 2500
Denver
CO
80202
Common
03/11/2024
500
56500.00
RANDY SHEFMAN
1144 15TH STREET, SUITE 2500
Denver
CO
80202
Common
02/22/2024
500
52090.05
05/15/2024
/s/ Randy Shefman