Xbox LIVE Gold Subscription price increases

Xbox LIVE Gold subscribers are going to start paying an extra $10 a year in order to retain their online gaming habits, Microsoft’s announced today. Originally priced at $50 a year, Xbox 360‘s Xbox LIVE Gold has increased an extra $10 to a $60 yearly subscription.

The three-month card, originally $19.99, will cost $24.99. The one-month, originally $7.99, will cost $9.99.

This change goes into effect on November 1, 2010. The UK and Canada are faced with similar price changes, however, they only apply to the one-month card. Mexico, on the other hand, has received a price hike on the yearly subscription, as well, going from 499 pesos to 599 pesos.

Xbox LIVE’s Major Nelson says that they’re confident “Xbox LIVE Gold membership will continue to offer the best value in the industry,” even with the price hike.

Price change for Xbox LIVE Gold subscription [Major Nelson]