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 31 August 2020, not the current price.See today's gold price (11 September 2026)
Highest closing price since 18 August 2020
Gold closed at $1,967.60 per troy ounce on 31 August 2020, up $3.000 (0.15%) from the previous close of $1,964.60.
This was the strongest close of the week up to that point.
This close sat 4.09% below the highest gold close recorded up to that date, set on 2020-08-06.
One of the ten highest gold closes of that year, ranking 8 of 253 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,519.10, making this a +29.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,967.60 per troy ounce on 31 August 2020. That is $3.00 higher than the previous close of $1,964.60, a move of 0.15%.
The gold price rose on 31 August 2020, gaining $3.00 (0.15%) against the previous session's close of $1,964.60.
At $1,967.60 per troy ounce, one gram of pure gold was worth about $63.26 on 31 August 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 August 2020 18k gold was worth about $47.44 per gram and 14k about $36.90 per gram, against $63.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.2 on 31 August 2020, meaning one ounce of gold was worth roughly 69.2 ounces of silver.
A week before 31 August 2020, gold was around $1,927.70 per troy ounce, so the close of $1,967.60 is a gain of 2.1% over the week.
A year before 31 August 2020, gold was around $1,519.10 per troy ounce. The close of $1,967.60 therefore represents a rise of 29.5% over twelve months.
It closed 4.09% below the highest close on record up to that date, which was set on 2020-08-06.