Gold Price in September 2018
In September 2018, gold fell 1.1%, from $1,200.30 at the end of August to $1,187.10 per troy ounce on September 30, 2018. The highest close was $1,206.20 on September 19, 2018, the lowest $1,182.30 on September 26, 2018, and the average over 24 trading days was $1,195.87. Today's price is 226.6% higher than the September 2018 close.
Gold ended September lower. What usually happens in October after a lower September →
- Gold fell 1.1% in US dollars in September 2018, leaving it down 9.1% for the year to date.
- Measured in other currencies, the change ranged from −11.2% in TRY to +1.4% in JPY, because exchange rates moved too.
- It did better than bitcoin (−5.9%), and worse than silver (−0.1%) and US stocks (+0.6%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.35%.
- At the end of the month it was 37.1% below its highest close since 2000.
- Gold/silver ratio: 83.1 → 82.3.
Gold price chart, September 2018
US dollars per troy ounce · daily closeGold in other currencies, September 2018
| Currency | Change in the month |
|---|---|
| JPY | +1.4% |
| INR | +0.4% |
| CHF | +0.2% |
| AUD | −0.6% |
| EUR | −0.6% |
| CNY | −0.7% |
| PKR | −1.0% |
| EGP | −1.0% |
| GBP | −1.3% |
| CAD | −2.2% |
| ZAR | −5.1% |
| TRY | −11.2% |
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, September 2018
| Asset | Change (USD) |
|---|---|
| Gold | −1.1% |
| Silver | −0.1% |
| Bitcoin | −5.9% |
| S&P 500 (with dividends) | +0.6% |
| US inflation (CPI, month) | +0.12% |
| Gold, year to date (end of September) | −9.1% |
| Gold/silver ratio | 83.1 → 82.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 3Mon | $1,192.70 | −0.63% | $38.35 | ₹27,253 | AED 140.81 |
| Sep 4Tue | $1,194.90 | +0.18% | $38.42 | ₹27,564 | AED 141.07 |
| Sep 5Wed | $1,197.90 | +0.25% | $38.51 | ₹27,687 | AED 141.43 |
| Sep 6Thu | $1,193.60 | −0.36% | $38.38 | ₹27,607 | AED 140.92 |
| Sep 7Fri | $1,193.60 | 0.00% | $38.38 | ₹27,607 | AED 140.92 |
| Sep 9Sun | $1,193.00 | −0.05% | $38.36 | ₹27,653 | AED 140.87 |
| Sep 10Mon | $1,195.40 | +0.20% | $38.43 | ₹27,843 | AED 141.13 |
| Sep 11Tue | $1,204.70 | +0.78% | $38.73 | ₹28,270 | AED 142.23 |
| Sep 12Wed | $1,202.00 | −0.22% | $38.65 | ₹27,796 | AED 141.91 |
| Sep 13Thu | $1,195.00 | −0.58% | $38.42 | ₹27,673 | AED 141.09 |
| Sep 14Fri | $1,195.00 | 0.00% | $38.42 | ₹27,673 | AED 141.09 |
| Sep 16Sun | $1,199.70 | +0.39% | $38.57 | ₹27,808 | AED 141.66 |
| Sep 17Mon | $1,196.80 | −0.24% | $38.48 | ₹27,910 | AED 141.30 |
| Sep 18Tue | $1,202.20 | +0.45% | $38.65 | ₹28,262 | AED 141.94 |
| Sep 19Wed | $1,206.20 | +0.33% | $38.78 | ₹28,056 | AED 142.41 |
| Sep 20Thu | $1,196.20 | −0.83% | $38.46 | ₹27,583 | AED 141.23 |
| Sep 21Fri | $1,196.20 | 0.00% | $38.46 | ₹27,583 | AED 141.23 |
| Sep 23Sun | $1,199.30 | +0.26% | $38.56 | ₹27,851 | AED 141.61 |
| Sep 24Mon | $1,200.00 | +0.06% | $38.58 | ₹28,280 | AED 141.68 |
| Sep 25Tue | $1,194.00 | −0.50% | $38.39 | ₹28,058 | AED 140.97 |
| Sep 26Wed | $1,182.30 | −0.98% | $38.01 | ₹27,661 | AED 139.59 |
| Sep 27Thu | $1,191.50 | +0.78% | $38.31 | ₹27,945 | AED 140.67 |
| Sep 28Fri | $1,191.50 | 0.00% | $38.31 | ₹27,945 | AED 140.67 |
| Sep 30Sun | $1,187.10 | −0.37% | $38.17 | ₹27,672 | AED 140.17 |
How September usually goes for gold
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Every September since 1971 →
Gold in September 2018: FAQ
What was the price of gold in September 2018?
Gold traded between $1,182.30 and $1,206.20 per troy ounce (daily closes) in September 2018, averaging $1,195.87. It closed the month at $1,187.10.
How much did gold go down in September 2018?
Gold fell 1.1%, from $1,200.30 to $1,187.10. The biggest daily rise was +0.8% on September 27, 2018 and the biggest fall −1.0% on September 26, 2018.
What was the gold price on September 3, 2018?
Gold closed at $1,192.70 per troy ounce on September 3, 2018, the first trading day of the month. 24K India, ₹ per 10 g: ₹27,253.
Is September usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in September 8 times out of 20, with an average move of 0.0% and a median of −2.2%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in September 2018?
Gold rose 0.4% in Indian rupee terms in September 2018, compared with −1.1% in US dollars.
Did gold beat stocks in September 2018?
No. Gold was −1.1% for the month, against +0.6% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2018?
US consumer prices (CPI) changed +0.12% in September, so gold's real (inflation-adjusted) change was about −1.2%.
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{corgano2026goldpriceinseptember, author = {{Corgano}}, title = {Gold Price in September 2018}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2018/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}