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 October 2022, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 October 2022
Gold closed at $1,635.90 per troy ounce on 31 October 2022, down $3.700 (0.23%) from the previous close of $1,639.60.
This close extended a run of 3 consecutive sessions of losses. 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 20.26% below the highest gold close recorded up to that date, set on 2020-08-06.
One of the ten lowest gold closes of that year, ranking 245 of 250 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,783.00, making this a -8.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,635.90 per troy ounce on 31 October 2022. That is $3.70 lower than the previous close of $1,639.60, a move of -0.23%.
The gold price fell on 31 October 2022, losing $3.70 (0.23%) against the previous session's close of $1,639.60.
At $1,635.90 per troy ounce, one gram of pure gold was worth about $52.60 on 31 October 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2022 18k gold was worth about $39.45 per gram and 14k about $30.68 per gram, against $52.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.5 on 31 October 2022, meaning one ounce of gold was worth roughly 85.5 ounces of silver.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 20.26% below the highest close on record up to that date, which was set on 2020-08-06.