Distance from the record
This close sat 19.62% 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 18 October 2022, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,649.00 per troy ounce on 18 October 2022, down $8.000 (0.48%) from the previous close of $1,657.00.
This close sat 19.62% 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 $1,764.80, making this a -6.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,649.00 per troy ounce on 18 October 2022. That is $8.00 lower than the previous close of $1,657.00, a move of -0.48%.
The gold price fell on 18 October 2022, losing $8.00 (0.48%) against the previous session's close of $1,657.00.
At $1,649.00 per troy ounce, one gram of pure gold was worth about $53.02 on 18 October 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2022 18k gold was worth about $39.76 per gram and 14k about $30.93 per gram, against $53.02 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 88.8 on 18 October 2022, meaning one ounce of gold was worth roughly 88.8 ounces of silver.
It closed 19.62% below the highest close on record up to that date, which was set on 2020-08-06.