Distance from the record
This close sat 8.54% 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 28 October 2020, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 28 September 2020
Gold closed at $1,876.20 per troy ounce on 28 October 2020, down $32.60 (1.71%) from the previous close of $1,908.80.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 8.54% 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 $1,490.00, making this a +25.92% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,876.20 per troy ounce on 28 October 2020. That is $32.60 lower than the previous close of $1,908.80, a move of -1.71%.
The gold price fell on 28 October 2020, losing $32.60 (1.71%) against the previous session's close of $1,908.80.
At $1,876.20 per troy ounce, one gram of pure gold was worth about $60.32 on 28 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 October 2020 18k gold was worth about $45.24 per gram and 14k about $35.19 per gram, against $60.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.4 on 28 October 2020, meaning one ounce of gold was worth roughly 80.4 ounces of silver.
A week before 28 October 2020, gold was around $1,924.60 per troy ounce, so the close of $1,876.20 is a loss of 2.5% over the week.
A year before 28 October 2020, gold was around $1,490.00 per troy ounce. The close of $1,876.20 therefore represents a rise of 25.9% over twelve months.
It closed 8.54% below the highest close on record up to that date, which was set on 2020-08-06.