Distance from the record
This close sat 9.06% 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 29 October 2020, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 September 2020
Gold closed at $1,865.60 per troy ounce on 29 October 2020, down $10.60 (0.56%) from the previous close of $1,876.20.
Notable session: lowest close of the month.
This close sat 9.06% 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 $1,487.00, making this a +25.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,865.60 per troy ounce on 29 October 2020. That is $10.60 lower than the previous close of $1,876.20, a move of -0.56%.
The gold price fell on 29 October 2020, losing $10.60 (0.56%) against the previous session's close of $1,876.20.
At $1,865.60 per troy ounce, one gram of pure gold was worth about $59.98 on 29 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 October 2020 18k gold was worth about $44.99 per gram and 14k about $34.99 per gram, against $59.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.9 on 29 October 2020, meaning one ounce of gold was worth roughly 79.9 ounces of silver.
A year before 29 October 2020, gold was around $1,487.00 per troy ounce. The close of $1,865.60 therefore represents a rise of 25.5% over twelve months.
It closed 9.06% below the highest close on record up to that date, which was set on 2020-08-06.