diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9c70a8405a7..43db6adafee 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,6 +8,11 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## [Unreleased]
 
+
+### Changed
+
+- google.golang.org/grpc/otelgrpc: Avoid getting a new Tracer for every RPC.
+
 ## [0.36.1]
 
 ### Changed
diff --git a/instrumentation/google.golang.org/grpc/otelgrpc/interceptor.go b/instrumentation/google.golang.org/grpc/otelgrpc/interceptor.go
index 26343dfc16e..60d0bcff8f7 100644
--- a/instrumentation/google.golang.org/grpc/otelgrpc/interceptor.go
+++ b/instrumentation/google.golang.org/grpc/otelgrpc/interceptor.go
@@ -66,6 +66,11 @@ var (
 // for use in a grpc.Dial call.
 func UnaryClientInterceptor(opts ...Option) grpc.UnaryClientInterceptor {
 	cfg := newConfig(opts)
+	tracer := cfg.TracerProvider.Tracer(
+		instrumentationName,
+		trace.WithInstrumentationVersion(SemVersion()),
+	)
+
 	return func(
 		ctx context.Context,
 		method string,
@@ -85,11 +90,6 @@ func UnaryClientInterceptor(opts ...Option) grpc.UnaryClientInterceptor {
 		requestMetadata, _ := metadata.FromOutgoingContext(ctx)
 		metadataCopy := requestMetadata.Copy()
 
-		tracer := cfg.TracerProvider.Tracer(
-			instrumentationName,
-			trace.WithInstrumentationVersion(SemVersion()),
-		)
-
 		name, attr := spanInfo(method, cc.Target())
 		var span trace.Span
 		ctx, span = tracer.Start(
@@ -245,6 +245,11 @@ func (w *clientStream) sendStreamEvent(eventType streamEventType, err error) {
 // for use in a grpc.Dial call.
 func StreamClientInterceptor(opts ...Option) grpc.StreamClientInterceptor {
 	cfg := newConfig(opts)
+	tracer := cfg.TracerProvider.Tracer(
+		instrumentationName,
+		trace.WithInstrumentationVersion(SemVersion()),
+	)
+
 	return func(
 		ctx context.Context,
 		desc *grpc.StreamDesc,
@@ -264,11 +269,6 @@ func StreamClientInterceptor(opts ...Option) grpc.StreamClientInterceptor {
 		requestMetadata, _ := metadata.FromOutgoingContext(ctx)
 		metadataCopy := requestMetadata.Copy()
 
-		tracer := cfg.TracerProvider.Tracer(
-			instrumentationName,
-			trace.WithInstrumentationVersion(SemVersion()),
-		)
-
 		name, attr := spanInfo(method, cc.Target())
 		var span trace.Span
 		ctx, span = tracer.Start(
@@ -313,6 +313,11 @@ func StreamClientInterceptor(opts ...Option) grpc.StreamClientInterceptor {
 // for use in a grpc.NewServer call.
 func UnaryServerInterceptor(opts ...Option) grpc.UnaryServerInterceptor {
 	cfg := newConfig(opts)
+	tracer := cfg.TracerProvider.Tracer(
+		instrumentationName,
+		trace.WithInstrumentationVersion(SemVersion()),
+	)
+
 	return func(
 		ctx context.Context,
 		req interface{},
@@ -333,11 +338,6 @@ func UnaryServerInterceptor(opts ...Option) grpc.UnaryServerInterceptor {
 		bags, spanCtx := Extract(ctx, &metadataCopy, opts...)
 		ctx = baggage.ContextWithBaggage(ctx, bags)
 
-		tracer := cfg.TracerProvider.Tracer(
-			instrumentationName,
-			trace.WithInstrumentationVersion(SemVersion()),
-		)
-
 		name, attr := spanInfo(info.FullMethod, peerFromCtx(ctx))
 		ctx, span := tracer.Start(
 			trace.ContextWithRemoteSpanContext(ctx, spanCtx),
@@ -409,6 +409,11 @@ func wrapServerStream(ctx context.Context, ss grpc.ServerStream) *serverStream {
 // for use in a grpc.NewServer call.
 func StreamServerInterceptor(opts ...Option) grpc.StreamServerInterceptor {
 	cfg := newConfig(opts)
+	tracer := cfg.TracerProvider.Tracer(
+		instrumentationName,
+		trace.WithInstrumentationVersion(SemVersion()),
+	)
+
 	return func(
 		srv interface{},
 		ss grpc.ServerStream,
@@ -430,11 +435,6 @@ func StreamServerInterceptor(opts ...Option) grpc.StreamServerInterceptor {
 		bags, spanCtx := Extract(ctx, &metadataCopy, opts...)
 		ctx = baggage.ContextWithBaggage(ctx, bags)
 
-		tracer := cfg.TracerProvider.Tracer(
-			instrumentationName,
-			trace.WithInstrumentationVersion(SemVersion()),
-		)
-
 		name, attr := spanInfo(info.FullMethod, peerFromCtx(ctx))
 		ctx, span := tracer.Start(
 			trace.ContextWithRemoteSpanContext(ctx, spanCtx),