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 16 September 2020, not the current price.See today's gold price (11 September 2026)
Highest closing price since 31 August 2020
Gold closed at $1,960.20 per troy ounce on 16 September 2020, up $3.900 (0.20%) from the previous close of $1,956.30.
Notable session: highest close of the month.
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 4.45% 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 $1,503.10, making this a +30.41% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,960.20 per troy ounce on 16 September 2020. That is $3.90 higher than the previous close of $1,956.30, a move of 0.20%.
The gold price rose on 16 September 2020, gaining $3.90 (0.20%) against the previous session's close of $1,956.30.
At $1,960.20 per troy ounce, one gram of pure gold was worth about $63.02 on 16 September 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 September 2020 18k gold was worth about $47.27 per gram and 14k about $36.76 per gram, against $63.02 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.7 on 16 September 2020, meaning one ounce of gold was worth roughly 71.7 ounces of silver.
A year before 16 September 2020, gold was around $1,503.10 per troy ounce. The close of $1,960.20 therefore represents a rise of 30.4% 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 4.45% below the highest close on record up to that date, which was set on 2020-08-06.