Gold in September: Every September Since 1971
Gold has risen in 31 of 56 Septembers since 1971 (55%, against 55% for all months), with an average change of +1.5% and a median of +1.1%. Its best September was 1979 (+26.1%) and its worst 1975 (−11.6%). September ranks 2 of 12 by average change.
Gold in every September, 1971–2026
% change in the monthWhat happens in October after September
How often October rose after gold ended September higher or lower, compared with all months (55% rose).
After a higher September
InconclusiveAfter gold ends September higher, October has risen 42% of the time since 1971 (13 of 31), against 55% for all months, with an average change of −0.5% and a median of −0.5%: a difference, but too few cases to rule out chance.
After a lower September
InconclusiveAfter gold ends September lower, October has risen 58% of the time since 1971 (14 of 24), against 55% for all months, with an average change of +1.2% and a median of +0.5%: no meaningful pattern.
"Momentum" or "rebound" only when the share differs from all months by at least 5 percentage points, with at least 20 cases, and by more than chance would explain (95% confidence); otherwise "inconclusive". With one month a year, most single-month differences are within chance. The same figures for every month together: gold seasonality.
Gold in September, Year by Year
Month-end close and the change in September, with October next to it.
| Year | Close, end of September | September | October after |
|---|---|---|---|
| 2026 | $4,187 | −6.6% | — |
| 2025 | $3,873 | +10.2% | +3.2% |
| 2024 | $2,659 | +5.2% | +3.4% |
| 2023 | $1,866 | −5.1% | +6.9% |
| 2022 | $1,672 | −3.1% | −1.9% |
| 2021 | $1,757 | −3.4% | +1.5% |
| 2020 | $1,896 | −4.2% | −0.8% |
| 2019 | $1,466 | −3.5% | +3.1% |
| 2018 | $1,192 | −0.7% | +1.7% |
| 2017 | $1,282 | −3.0% | −1.1% |
| 2016 | $1,316 | +0.5% | −3.0% |
| 2015 | $1,115 | −1.6% | +2.4% |
| 2014 | $1,212 | −5.9% | −3.3% |
| 2013 | $1,328 | −4.8% | −0.3% |
| 2012 | $1,776 | +7.7% | −3.2% |
| 2011 | $1,620 | −10.7% | +6.3% |
| 2010 | $1,307 | +4.9% | +3.0% |
| 2009 | $996 | +4.6% | +4.4% |
| 2008 | $885 | +6.2% | −17.4% |
| 2007 | $743 | +10.6% | +6.3% |
| 2006 | $599 | −3.9% | +0.8% |
| 2005 | $473 | +9.2% | −0.5% |
| 2004 | $416 | +2.1% | +2.4% |
| 2003 | $388 | +3.3% | −0.5% |
| 2002 | $324 | +3.5% | −2.1% |
| 2001 | $293 | +7.4% | −4.9% |
| 2000 | $274 | −1.2% | −3.3% |
| 1999 | $299 | +17.3% | 0.0% |
| 1998 | $294 | +7.5% | −0.5% |
| 1997 | $332 | +2.1% | −6.2% |
| 1996 | $379 | −1.9% | +0.1% |
| 1995 | $384 | +0.4% | −0.4% |
| 1994 | $395 | +2.4% | −2.8% |
| 1993 | $356 | −4.3% | +4.0% |
| 1992 | $349 | +2.6% | −2.8% |
| 1991 | $355 | +2.2% | +0.7% |
| 1990 | $408 | +5.3% | −7.1% |
| 1989 | $367 | +1.9% | +2.4% |
| 1988 | $397 | −7.3% | +4.0% |
| 1987 | $460 | +1.3% | +2.0% |
| 1986 | $423 | +10.0% | −5.2% |
| 1985 | $326 | −2.3% | −0.2% |
| 1984 | $344 | −1.3% | −3.0% |
| 1983 | $405 | −2.2% | −5.7% |
| 1982 | $397 | −3.5% | +6.6% |
| 1981 | $429 | +0.9% | −0.4% |
| 1980 | $667 | +5.6% | −5.7% |
| 1979 | $397 | +26.1% | −3.8% |
| 1978 | $217 | +4.0% | +11.7% |
| 1977 | $154 | +5.5% | +4.8% |
| 1976 | $116 | +11.5% | +6.2% |
| 1975 | $141 | −11.6% | +1.2% |
| 1974 | $151 | −3.0% | +10.4% |
| 1973 | $100 | −3.4% | −2.0% |
| 1972 | $64.20 | −4.0% | +0.3% |
| 1971 | $42.60 | +4.8% | −0.6% |
In the calendar in September
- Navratri begins in September or October, the start of India's festival season.
Events that fall in the month; they do not explain any single year's move.
Gold by Month
Gold in September: FAQ
Is September a good month for gold?
Gold has risen in 55% of Septembers since 1971 (31 of 56), against 55% for all months, with an average change of +1.5%. September ranks 2 of 12 months by average change. In the last 10 years it rose 2 times. Seasonal patterns are not a reliable guide to any single year.
What was gold's best September?
1979, when gold rose 26.1%. The worst was 1975 (−11.6%).
What happens to gold in October after a higher September?
After gold ends September higher, October has risen 42% of the time since 1971 (13 of 31), against 55% for all months, with an average change of −0.5% and a median of −0.5%: a difference, but too few cases to rule out chance.
What happens to gold in October after a lower September?
After gold ends September lower, October has risen 58% of the time since 1971 (14 of 24), against 55% for all months, with an average change of +1.2% and a median of +0.5%: no meaningful pattern.
History, not advice: past monthly patterns do not predict any single month. Data to 30 October 2026.
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@misc{corgano2026goldinseptemberevery, author = {{Corgano}}, title = {Gold in September: every September since 1971}, howpublished = {\url{https://goldprice.corgano.com/gold-in-september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}