Distance from the record
This close sat 6.33% 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 27 August 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,921.60 per troy ounce on 27 August 2020, down $19.10 (0.98%) from the previous close of $1,940.70.
This close sat 6.33% 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 $1,541.00, making this a +24.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,921.60 per troy ounce on 27 August 2020. That is $19.10 lower than the previous close of $1,940.70, a move of -0.98%.
The gold price fell on 27 August 2020, losing $19.10 (0.98%) against the previous session's close of $1,940.70.
At $1,921.60 per troy ounce, one gram of pure gold was worth about $61.78 on 27 August 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 August 2020 18k gold was worth about $46.34 per gram and 14k about $36.04 per gram, against $61.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.1 on 27 August 2020, meaning one ounce of gold was worth roughly 71.1 ounces of silver.
A year before 27 August 2020, gold was around $1,541.00 per troy ounce. The close of $1,921.60 therefore represents a rise of 24.7% over twelve months.
It closed 6.33% below the highest close on record up to that date, which was set on 2020-08-06.