Gold Price in August 2017
In August 2017, gold rose 3.9%, from $1,266.60 at the end of July to $1,316.20 per troy ounce on August 31, 2017. The highest close was $1,316.20 on August 31, 2017, the lowest $1,256.40 on August 8, 2017, and the average over 23 trading days was $1,283.80. Today's price is 194.5% higher than the August 2017 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 3.9% in US dollars in August 2017, leaving it up 14.5% for the year to date.
- Measured in other currencies, the change ranged from +1.8% in CNY to +6.0% in GBP, because exchange rates moved too.
- It did better than US stocks (+0.3%), and worse than silver (+4.4%) and bitcoin (+63.6%).
- It closed higher on 12 trading days and lower on 11, with an average daily move of 0.47%.
- At the end of the month it was 30.3% below its highest close since 2000.
- Gold/silver ratio: 75.6 → 75.3.
Gold price chart, August 2017
US dollars per troy ounce · daily closeGold in other currencies, August 2017
| Currency | Change in the month |
|---|---|
| GBP | +6.0% |
| AUD | +4.7% |
| JPY | +3.7% |
| CAD | +3.6% |
| INR | +3.5% |
| EUR | +3.2% |
| CHF | +3.1% |
| ZAR | +2.5% |
| EGP | +2.5% |
| PKR | +2.0% |
| TRY | +1.9% |
| CNY | +1.8% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, August 2017
| Asset | Change (USD) |
|---|---|
| Gold | +3.9% |
| Silver | +4.4% |
| Bitcoin | +63.6% |
| S&P 500 (with dividends) | +0.3% |
| US inflation (CPI, month) | +0.30% |
| Gold, year to date (end of August) | +14.5% |
| Gold/silver ratio | 75.6 → 75.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, August 2017
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Aug 1Tue | $1,272.60 | +0.47% | $40.92 | ₹26,208 | AED 150.23 |
| Aug 2Wed | $1,271.80 | −0.06% | $40.89 | ₹26,022 | AED 150.15 |
| Aug 3Thu | $1,267.80 | −0.31% | $40.76 | ₹25,963 | AED 149.67 |
| Aug 4Fri | $1,258.30 | −0.75% | $40.46 | ₹25,769 | AED 148.55 |
| Aug 7Mon | $1,258.20 | −0.01% | $40.45 | ₹25,821 | AED 148.54 |
| Aug 8Tue | $1,256.40 | −0.14% | $40.39 | ₹25,732 | AED 148.33 |
| Aug 9Wed | $1,273.00 | +1.32% | $40.93 | ₹26,148 | AED 150.29 |
| Aug 10Thu | $1,283.70 | +0.84% | $41.27 | ₹26,471 | AED 151.55 |
| Aug 11Fri | $1,287.70 | +0.31% | $41.40 | ₹26,554 | AED 152.02 |
| Aug 14Mon | $1,284.20 | −0.27% | $41.29 | ₹26,496 | AED 151.61 |
| Aug 15Tue | $1,273.70 | −0.82% | $40.95 | ₹26,316 | AED 150.37 |
| Aug 16Wed | $1,276.90 | +0.25% | $41.05 | ₹26,340 | AED 150.75 |
| Aug 17Thu | $1,286.40 | +0.74% | $41.36 | ₹26,548 | AED 151.87 |
| Aug 18Fri | $1,285.70 | −0.05% | $41.34 | ₹26,533 | AED 151.79 |
| Aug 21Mon | $1,290.80 | +0.40% | $41.50 | ₹26,625 | AED 152.39 |
| Aug 22Tue | $1,285.10 | −0.44% | $41.32 | ₹26,467 | AED 151.72 |
| Aug 23Wed | $1,288.90 | +0.30% | $41.44 | ₹26,523 | AED 152.17 |
| Aug 24Thu | $1,286.50 | −0.19% | $41.36 | ₹26,486 | AED 151.89 |
| Aug 25Fri | $1,292.50 | +0.47% | $41.55 | ₹26,610 | AED 152.59 |
| Aug 28Mon | $1,309.70 | +1.33% | $42.11 | ₹26,860 | AED 154.62 |
| Aug 29Tue | $1,313.10 | +0.26% | $42.22 | ₹27,013 | AED 155.03 |
| Aug 30Wed | $1,308.10 | −0.38% | $42.06 | ₹26,906 | AED 154.43 |
| Aug 31Thu | $1,316.20 | +0.62% | $42.32 | ₹27,045 | AED 155.39 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Every August since 1971 →
Gold in August 2017: FAQ
What was the price of gold in August 2017?
Gold traded between $1,256.40 and $1,316.20 per troy ounce (daily closes) in August 2017, averaging $1,283.80. It closed the month at $1,316.20.
How much did gold go up in August 2017?
Gold rose 3.9%, from $1,266.60 to $1,316.20. The biggest daily rise was +1.3% on August 28, 2017 and the biggest fall −0.8% on August 15, 2017.
What was the gold price on August 1, 2017?
Gold closed at $1,272.60 per troy ounce on August 1, 2017, the first trading day of the month. 24K India, ₹ per 10 g: ₹26,208.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in August 2017?
Gold rose 3.5% in Indian rupee terms in August 2017, compared with +3.9% in US dollars.
Did gold beat stocks in August 2017?
Yes. Gold was +3.9% for the month, against +0.3% for the S&P 500 with dividends.
Did gold keep up with inflation in August 2017?
US consumer prices (CPI) changed +0.30% in August, so gold's real (inflation-adjusted) change was about +3.6%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinaugust, author = {{Corgano}}, title = {Gold Price in August 2017}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2017/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}