Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 12 October 2020, not the current price.See today's gold price (11 September 2026)
Highest closing price since 18 September 2020
Gold closed at $1,922.50 per troy ounce on 12 October 2020, up $3.000 (0.16%) from the previous close of $1,919.50.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 6.29% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,482.70, making this a +29.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,922.50 per troy ounce on 12 October 2020. That is $3.00 higher than the previous close of $1,919.50, a move of 0.16%.
The gold price rose on 12 October 2020, gaining $3.00 (0.16%) against the previous session's close of $1,919.50.
At $1,922.50 per troy ounce, one gram of pure gold was worth about $61.81 on 12 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 October 2020 18k gold was worth about $46.36 per gram and 14k about $36.06 per gram, against $61.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 76.2 on 12 October 2020, meaning one ounce of gold was worth roughly 76.2 ounces of silver.
A year before 12 October 2020, gold was around $1,482.70 per troy ounce. The close of $1,922.50 therefore represents a rise of 29.7% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 6.29% below the highest close on record up to that date, which was set on 2020-08-06.