Gold Price in February 2020
In February 2020, gold fell 1.2%, from $1,582.90 at the end of January to $1,564.10 per troy ounce on February 28, 2020. The highest close was $1,672.40 on February 24, 2020, the lowest $1,550.40 on February 4, 2020, and the average over 19 trading days was $1,595.62. Today's price is 147.9% higher than the February 2020 close.
Gold ended February lower. What usually happens in March after a lower February →
- Gold fell 1.2% in US dollars in February 2020, leaving it up 2.9% for the year to date.
- Measured in other currencies, the change ranged from −2.2% in EGP to +3.7% in ZAR, because exchange rates moved too.
- It did better than silver (−8.8%), bitcoin (−8.0%) and US stocks (−8.2%).
- It closed higher on 12 trading days and lower on 6, with an average daily move of 0.92%.
- At the end of the month it was 17.2% below its highest close since 2000.
- Gold/silver ratio: 88.1 → 95.4.
Gold price chart, February 2020
US dollars per troy ounce · daily closeGold in other currencies, February 2020
| Currency | Change in the month |
|---|---|
| ZAR | +3.7% |
| TRY | +2.7% |
| AUD | +0.7% |
| GBP | +0.4% |
| CAD | +0.1% |
| CNY | −0.2% |
| JPY | −0.5% |
| INR | −0.8% |
| EUR | −0.9% |
| CHF | −1.2% |
| PKR | −1.3% |
| EGP | −2.2% |
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, February 2020
| Asset | Change (USD) |
|---|---|
| Gold | −1.2% |
| Silver | −8.8% |
| Bitcoin | −8.0% |
| S&P 500 (with dividends) | −8.2% |
| US inflation (CPI, month) | +0.27% |
| Gold, year to date (end of February) | +2.9% |
| Gold/silver ratio | 88.1 → 95.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, February 2020
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 |
|---|---|---|---|---|---|
| Feb 3Mon | $1,577.20 | −0.36% | $50.71 | ₹36,255 | AED 186.23 |
| Feb 4Tue | $1,550.40 | −1.70% | $49.85 | ₹35,548 | AED 183.05 |
| Feb 5Wed | $1,557.80 | +0.48% | $50.08 | ₹35,610 | AED 183.92 |
| Feb 6Thu | $1,565.10 | +0.47% | $50.32 | ₹35,817 | AED 184.78 |
| Feb 7Fri | $1,568.60 | +0.22% | $50.43 | ₹36,044 | AED 185.20 |
| Feb 10Mon | $1,574.70 | +0.39% | $50.63 | ₹36,207 | AED 185.94 |
| Feb 11Tue | $1,565.60 | −0.58% | $50.34 | ₹35,879 | AED 184.84 |
| Feb 12Wed | $1,567.40 | +0.11% | $50.39 | ₹35,918 | AED 185.05 |
| Feb 13Thu | $1,575.10 | +0.49% | $50.64 | ₹36,105 | AED 185.96 |
| Feb 14Fri | $1,582.70 | +0.48% | $50.88 | ₹36,265 | AED 186.86 |
| Feb 18Tue | $1,600.00 | +1.09% | $51.44 | ₹36,703 | AED 188.90 |
| Feb 19Wed | $1,607.50 | +0.47% | $51.68 | ₹36,992 | AED 189.79 |
| Feb 20Thu | $1,616.60 | +0.57% | $51.97 | ₹37,332 | AED 190.86 |
| Feb 21Fri | $1,644.60 | +1.73% | $52.88 | ₹38,128 | AED 194.17 |
| Feb 24Mon | $1,672.40 | +1.69% | $53.77 | ₹38,653 | AED 197.47 |
| Feb 25Tue | $1,646.90 | −1.52% | $52.95 | ₹38,148 | AED 194.44 |
| Feb 26Wed | $1,640.00 | −0.42% | $52.73 | ₹37,895 | AED 193.62 |
| Feb 27Thu | $1,640.00 | 0.00% | $52.73 | ₹37,786 | AED 193.65 |
| Feb 28Fri | $1,564.10 | −4.63% | $50.29 | ₹36,171 | AED 184.66 |
How February usually goes for gold
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Every February since 1971 →
Gold in February 2020: FAQ
What was the price of gold in February 2020?
Gold traded between $1,550.40 and $1,672.40 per troy ounce (daily closes) in February 2020, averaging $1,595.62. It closed the month at $1,564.10.
How much did gold go down in February 2020?
Gold fell 1.2%, from $1,582.90 to $1,564.10. The biggest daily rise was +1.7% on February 21, 2020 and the biggest fall −4.6% on February 28, 2020.
What was the gold price on February 3, 2020?
Gold closed at $1,577.20 per troy ounce on February 3, 2020, the first trading day of the month. 24K India, ₹ per 10 g: ₹36,255.
Is February usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in February 11 times out of 20, with an average move of +0.9% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in February 2020?
Gold fell 0.8% in Indian rupee terms in February 2020, compared with −1.2% in US dollars.
Did gold beat stocks in February 2020?
Yes. Gold was −1.2% for the month, against −8.2% for the S&P 500 with dividends.
Did gold keep up with inflation in February 2020?
US consumer prices (CPI) changed +0.27% in February, so gold's real (inflation-adjusted) change was about −1.5%.
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{corgano2026goldpriceinfebruary, author = {{Corgano}}, title = {Gold Price in February 2020}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2020/february}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}