Gold Price in August 2019
In August 2019, gold rose 6.5%, from $1,426.10 at the end of July to $1,519.10 per troy ounce on August 30, 2019. The highest close was $1,541.00 on August 27, 2019, the lowest $1,420.90 on August 1, 2019, and the average over 22 trading days was $1,502.04. Today's price is 155.2% higher than the August 2019 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 6.5% in US dollars in August 2019, leaving it up 18.8% for the year to date.
- Measured in other currencies, the change ranged from +4.2% in JPY to +13.8% in ZAR, because exchange rates moved too.
- It did better than bitcoin (−4.5%) and US stocks (−1.6%), and worse than silver (+11.3%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.70%.
- At the end of the month it was 19.6% below its highest close since 2000.
- Gold/silver ratio: 87.2 → 83.5.
Gold price chart, August 2019
US dollars per troy ounce · daily closeGold in other currencies, August 2019
| Currency | Change in the month |
|---|---|
| ZAR | +13.8% |
| TRY | +11.4% |
| CNY | +10.5% |
| INR | +10.0% |
| AUD | +8.3% |
| CAD | +7.2% |
| EUR | +6.6% |
| EGP | +6.5% |
| GBP | +6.2% |
| CHF | +5.7% |
| PKR | +4.2% |
| JPY | +4.2% |
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, August 2019
| Asset | Change (USD) |
|---|---|
| Gold | +6.5% |
| Silver | +11.3% |
| Bitcoin | −4.5% |
| S&P 500 (with dividends) | −1.6% |
| US inflation (CPI, month) | −0.01% |
| Gold, year to date (end of August) | +18.8% |
| Gold/silver ratio | 87.2 → 83.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in August 2019
- Monday, August 5Yuan falls past 7 per dollar for the first time since 2008; US Treasury designates China a currency manipulator. SourceGold: +1.3% that day
Daily Gold Prices, August 2019
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 1Thu | $1,420.90 | −0.36% | $45.68 | ₹31,657 | AED 167.76 |
| Aug 2Fri | $1,445.60 | +1.74% | $46.48 | ₹32,207 | AED 170.67 |
| Aug 5Mon | $1,464.60 | +1.31% | $47.09 | ₹33,677 | AED 172.92 |
| Aug 6Tue | $1,472.40 | +0.53% | $47.34 | ₹33,719 | AED 173.84 |
| Aug 7Wed | $1,507.30 | +2.37% | $48.46 | ₹34,487 | AED 177.96 |
| Aug 8Thu | $1,497.70 | −0.64% | $48.15 | ₹33,933 | AED 176.82 |
| Aug 9Fri | $1,496.60 | −0.07% | $48.12 | ₹33,908 | AED 176.69 |
| Aug 12Mon | $1,505.30 | +0.58% | $48.40 | ₹34,642 | AED 177.72 |
| Aug 13Tue | $1,502.20 | −0.21% | $48.30 | ₹34,329 | AED 177.36 |
| Aug 14Wed | $1,515.90 | +0.91% | $48.74 | ₹34,913 | AED 178.97 |
| Aug 15Thu | $1,519.60 | +0.24% | $48.86 | ₹35,040 | AED 179.40 |
| Aug 16Fri | $1,512.50 | −0.47% | $48.63 | ₹34,876 | AED 178.56 |
| Aug 19Mon | $1,500.40 | −0.80% | $48.24 | ₹34,730 | AED 177.14 |
| Aug 20Tue | $1,504.60 | +0.28% | $48.37 | ₹34,737 | AED 177.64 |
| Aug 21Wed | $1,504.60 | 0.00% | $48.37 | ₹34,557 | AED 177.64 |
| Aug 22Thu | $1,497.30 | −0.49% | $48.14 | ₹34,622 | AED 176.78 |
| Aug 23Fri | $1,526.60 | +1.96% | $49.08 | ₹35,299 | AED 180.24 |
| Aug 26Mon | $1,526.30 | −0.02% | $49.07 | ₹35,410 | AED 180.20 |
| Aug 27Tue | $1,541.00 | +0.96% | $49.54 | ₹35,442 | AED 181.94 |
| Aug 28Wed | $1,537.80 | −0.21% | $49.44 | ₹35,640 | AED 181.56 |
| Aug 29Thu | $1,526.50 | −0.73% | $49.08 | ₹35,179 | AED 180.22 |
| Aug 30Fri | $1,519.10 | −0.48% | $48.84 | ₹35,009 | AED 179.35 |
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 2019: FAQ
What was the price of gold in August 2019?
Gold traded between $1,420.90 and $1,541.00 per troy ounce (daily closes) in August 2019, averaging $1,502.04. It closed the month at $1,519.10.
How much did gold go up in August 2019?
Gold rose 6.5%, from $1,426.10 to $1,519.10. The biggest daily rise was +2.4% on August 7, 2019 and the biggest fall −0.8% on August 19, 2019.
What was the gold price on August 1, 2019?
Gold closed at $1,420.90 per troy ounce on August 1, 2019, the first trading day of the month. 24K India, ₹ per 10 g: ₹31,657.
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 2019?
Gold rose 10.0% in Indian rupee terms in August 2019, compared with +6.5% in US dollars.
Did gold beat stocks in August 2019?
Yes. Gold was +6.5% for the month, against −1.6% for the S&P 500 with dividends.
Did gold keep up with inflation in August 2019?
US consumer prices (CPI) changed −0.01% in August, so gold's real (inflation-adjusted) change was about +6.5%.
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 2019}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2019/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}