Distance from the record
This close sat 7.35% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 16 October 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,900.80 per troy ounce on 16 October 2020, down $2.400 (0.13%) from the previous close of $1,903.20.
Gold barely moved, closing within 0.13% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 7.35% 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 $1,488.00, making this a +27.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,900.80 per troy ounce on 16 October 2020. That is $2.40 lower than the previous close of $1,903.20, a move of -0.13%.
The gold price fell on 16 October 2020, losing $2.40 (0.13%) against the previous session's close of $1,903.20.
At $1,900.80 per troy ounce, one gram of pure gold was worth about $61.11 on 16 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 October 2020 18k gold was worth about $45.83 per gram and 14k about $35.65 per gram, against $61.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.0 on 16 October 2020, meaning one ounce of gold was worth roughly 78.0 ounces of silver.
A year before 16 October 2020, gold was around $1,488.00 per troy ounce. The close of $1,900.80 therefore represents a rise of 27.7% over twelve months.
It closed 7.35% below the highest close on record up to that date, which was set on 2020-08-06.