Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 27 October 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,908.80 per troy ounce on 27 October 2020, up $6.100 (0.32%) from the previous close of $1,902.70.
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.
This was the strongest close of the week up to that point.
This close sat 6.96% 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 $1,499.50, making this a +27.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,908.80 per troy ounce on 27 October 2020. That is $6.10 higher than the previous close of $1,902.70, a move of 0.32%.
The gold price rose on 27 October 2020, gaining $6.10 (0.32%) against the previous session's close of $1,902.70.
At $1,908.80 per troy ounce, one gram of pure gold was worth about $61.37 on 27 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 October 2020 18k gold was worth about $46.03 per gram and 14k about $35.80 per gram, against $61.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.8 on 27 October 2020, meaning one ounce of gold was worth roughly 77.8 ounces of silver.
A year before 27 October 2020, gold was around $1,499.50 per troy ounce. The close of $1,908.80 therefore represents a rise of 27.3% 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 6.96% below the highest close on record up to that date, which was set on 2020-08-06.