Distance from the record
This close sat 8.18% 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 7 October 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,883.60 per troy ounce on 7 October 2020, down $17.50 (0.92%) from the previous close of $1,901.10.
This close sat 8.18% 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 $1,497.70, making this a +25.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,883.60 per troy ounce on 7 October 2020. That is $17.50 lower than the previous close of $1,901.10, a move of -0.92%.
The gold price fell on 7 October 2020, losing $17.50 (0.92%) against the previous session's close of $1,901.10.
At $1,883.60 per troy ounce, one gram of pure gold was worth about $60.56 on 7 October 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 October 2020 18k gold was worth about $45.42 per gram and 14k about $35.33 per gram, against $60.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.0 on 7 October 2020, meaning one ounce of gold was worth roughly 79.0 ounces of silver.
A year before 7 October 2020, gold was around $1,497.70 per troy ounce. The close of $1,883.60 therefore represents a rise of 25.8% over twelve months.
It closed 8.18% below the highest close on record up to that date, which was set on 2020-08-06.