Gold Price in July 2018
In July 2018, gold fell 2.7%, from $1,251.30 at the end of June to $1,217.90 per troy ounce on July 31, 2018. The highest close was $1,258.10 on July 8, 2018, the lowest $1,217.90 on July 31, 2018, and the average over 27 trading days was $1,235.56. Today's price is 218.3% higher than the July 2018 close.
Gold ended July lower. What usually happens in August after a lower July →
- Gold fell 2.7% in US dollars in July 2018, leaving it down 6.8% for the year to date.
- Measured in other currencies, the change ranged from −6.4% in ZAR to +4.3% in TRY, because exchange rates moved too.
- It did better than silver (−4.4%), and worse than bitcoin (+21.5%) and US stocks (+3.7%).
- It closed higher on 8 trading days and lower on 14, with an average daily move of 0.35%.
- At the end of the month it was 35.5% below its highest close since 2000.
- Gold/silver ratio: 77.7 → 79.1.
Gold price chart, July 2018
US dollars per troy ounce · daily closeGold in other currencies, July 2018
| Currency | Change in the month |
|---|---|
| TRY | +4.3% |
| CNY | 0.0% |
| PKR | −1.0% |
| JPY | −1.5% |
| EGP | −2.8% |
| GBP | −3.0% |
| INR | −3.1% |
| CHF | −3.4% |
| AUD | −3.6% |
| EUR | −3.7% |
| CAD | −4.4% |
| ZAR | −6.4% |
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, July 2018
| Asset | Change (USD) |
|---|---|
| Gold | −2.7% |
| Silver | −4.4% |
| Bitcoin | +21.5% |
| S&P 500 (with dividends) | +3.7% |
| US inflation (CPI, month) | +0.01% |
| Gold, year to date (end of July) | −6.8% |
| Gold/silver ratio | 77.7 → 79.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2018
- Friday, July 6US tariffs on $34 billion of Chinese goods take effect; China retaliates with matching tariffs. SourceGold: 0.0% that day
Daily Gold Prices, July 2018
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 |
|---|---|---|---|---|---|
| Jul 1Sun | $1,239.80 | −0.92% | $39.86 | ₹27,279 | AED 146.40 |
| Jul 2Mon | $1,239.80 | 0.00% | $39.86 | ₹27,382 | AED 146.38 |
| Jul 3Tue | $1,251.60 | +0.95% | $40.24 | ₹27,697 | AED 147.77 |
| Jul 4Wed | $1,257.30 | +0.46% | $40.42 | ₹27,884 | AED 148.44 |
| Jul 5Thu | $1,254.30 | −0.24% | $40.33 | ₹27,854 | AED 148.09 |
| Jul 6Fri | $1,254.30 | 0.00% | $40.33 | ₹27,854 | AED 148.09 |
| Jul 8Sun | $1,258.10 | +0.30% | $40.45 | ₹27,811 | AED 148.55 |
| Jul 9Mon | $1,253.80 | −0.34% | $40.31 | ₹27,677 | AED 148.03 |
| Jul 10Tue | $1,242.80 | −0.88% | $39.96 | ₹27,530 | AED 146.73 |
| Jul 11Wed | $1,245.00 | +0.18% | $40.03 | ₹27,507 | AED 146.99 |
| Jul 12Thu | $1,239.60 | −0.43% | $39.85 | ₹27,316 | AED 146.35 |
| Jul 13Fri | $1,239.60 | 0.00% | $39.85 | ₹27,316 | AED 146.35 |
| Jul 15Sun | $1,238.10 | −0.12% | $39.81 | ₹27,262 | AED 146.19 |
| Jul 16Mon | $1,225.70 | −1.00% | $39.41 | ₹27,081 | AED 144.71 |
| Jul 17Tue | $1,226.30 | +0.05% | $39.43 | ₹26,950 | AED 144.78 |
| Jul 18Wed | $1,222.40 | −0.32% | $39.30 | ₹26,967 | AED 144.32 |
| Jul 19Thu | $1,229.50 | +0.58% | $39.53 | ₹27,250 | AED 145.16 |
| Jul 20Fri | $1,229.50 | 0.00% | $39.53 | ₹27,250 | AED 145.16 |
| Jul 22Sun | $1,224.00 | −0.45% | $39.35 | ₹27,048 | AED 144.53 |
| Jul 23Mon | $1,223.90 | −0.01% | $39.35 | ₹27,230 | AED 144.51 |
| Jul 24Tue | $1,231.40 | +0.61% | $39.59 | ₹27,242 | AED 145.38 |
| Jul 25Wed | $1,225.30 | −0.50% | $39.39 | ₹27,119 | AED 144.66 |
| Jul 26Thu | $1,222.60 | −0.22% | $39.31 | ₹27,020 | AED 144.35 |
| Jul 27Fri | $1,222.60 | 0.00% | $39.31 | ₹27,020 | AED 144.35 |
| Jul 29Sun | $1,221.30 | −0.11% | $39.27 | ₹26,942 | AED 144.21 |
| Jul 30Mon | $1,223.70 | +0.20% | $39.34 | ₹27,023 | AED 144.47 |
| Jul 31Tue | $1,217.90 | −0.47% | $39.16 | ₹26,821 | AED 143.79 |
How July usually goes for gold
In the 20 years from 2006 to 2025, gold rose in July 14 times out of 20, with an average move of +1.7% and a median of +1.8%. Every July since 1971 →
Gold in July 2018: FAQ
What was the price of gold in July 2018?
Gold traded between $1,217.90 and $1,258.10 per troy ounce (daily closes) in July 2018, averaging $1,235.56. It closed the month at $1,217.90.
How much did gold go down in July 2018?
Gold fell 2.7%, from $1,251.30 to $1,217.90. The biggest daily rise was +1.0% on July 3, 2018 and the biggest fall −1.0% on July 16, 2018.
What was the gold price on July 1, 2018?
Gold closed at $1,239.80 per troy ounce on July 1, 2018, the first trading day of the month. 24K India, ₹ per 10 g: ₹27,279.
Is July usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in July 14 times out of 20, with an average move of +1.7% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in July 2018?
Gold fell 3.1% in Indian rupee terms in July 2018, compared with −2.7% in US dollars.
Did gold beat stocks in July 2018?
No. Gold was −2.7% for the month, against +3.7% for the S&P 500 with dividends.
Did gold keep up with inflation in July 2018?
US consumer prices (CPI) changed +0.01% in July, so gold's real (inflation-adjusted) change was about −2.7%.
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{corgano2026goldpriceinjuly, author = {{Corgano}}, title = {Gold Price in July 2018}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2018/july}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}