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Gold ranged between $2,389.10 and $2,525.70 per troy ounce during August 2024, averaging $2,469.92 across 22 trading days. It finished the period at $2,493.80, up 2.77% from $2,426.50.
Metal value only, before dealer margins and fabrication.
The strongest session of August 2024 was 1 August 2024 at +2.77%, and the weakest 2 August 2024 at -2.73%.
Twelve months earlier gold traded around $1,938.20, making this a +28.67% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 August 2024 | $2,493.80 | +$67.30 |
| 2 August 2024 | $2,425.70 | −$68.10 |
| 5 August 2024 | $2,401.70 | −$24.00 |
| 6 August 2024 | $2,389.10 | −$12.60 |
| 7 August 2024 | $2,390.50 | +$1.400 |
| 8 August 2024 | $2,422.20 | +$31.70 |
| 9 August 2024 | $2,432.10 | +$9.900 |
| 12 August 2024 | $2,462.40 | +$30.30 |
| 13 August 2024 | $2,466.70 | +$4.300 |
| 14 August 2024 | $2,439.40 | −$27.30 |
| 15 August 2024 | $2,453.10 | +$13.70 |
| 16 August 2024 | $2,498.60 | +$45.50 |
| 19 August 2024 | $2,501.80 | +$3.200 |
| 20 August 2024 | $2,511.30 | +$9.500 |
| 21 August 2024 | $2,508.40 | −$2.900 |
| 22 August 2024 | $2,478.90 | −$29.50 |
| 23 August 2024 | $2,508.40 | +$29.50 |
| 26 August 2024 | $2,517.70 | +$9.300 |
| 27 August 2024 | $2,516.00 | −$1.700 |
| 28 August 2024 | $2,501.00 | −$15.00 |
| 29 August 2024 | $2,525.70 | +$24.70 |
| 30 August 2024 | $2,493.80 | −$31.90 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished August 2024 at $2,493.80 per troy ounce, having risen $67.30 (2.77%) over the month. It has traded between $2,389.10 and $2,525.70 across 22 trading days.
The average gold closing price in August 2024 was $2,469.92 per troy ounce, calculated across all 22 trading days in the month.
Gold reached its highest close of August 2024 at $2,525.70 per troy ounce on 29 August 2024.
The lowest gold close in August 2024 was $2,389.10 per troy ounce on 6 August 2024.
Gold rose during August 2024. It entered the month at $2,426.50 and closed at $2,493.80, a change of 2.77%.
Gold closed higher on 13 sessions and lower on 9 during August 2024. The strongest session was 1 August 2024 (+2.77%) and the weakest 2 August 2024 (-2.73%).
Daily closes in August 2024 varied with a standard deviation of 1.21% per session, and the peak-to-trough spread across the month was 5.7% ($2,389.10 to $2,525.70).
At the August 2024 close of $2,493.80 per troy ounce, gold worked out at about $80.18 per gram and $80,177.53 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 86.7 through August 2024 and finished the month near 86.8. A higher ratio means silver is cheap relative to gold.
Gold was around $1,938.20 per troy ounce twelve months before the end of August 2024. Closing at $2,493.80 makes that a gain of 28.7% year on year.