Gold Price in January 2020
In January 2020, gold rose 4.2%, from $1,519.50 at the end of December to $1,582.90 per troy ounce on January 31, 2020. The highest close was $1,583.50 on January 30, 2020, the lowest $1,524.50 on January 2, 2020, and the average over 21 trading days was $1,559.93. Today's price is 144.9% higher than the January 2020 close.
Gold ended January higher. What usually happens in February after a higher January →
- Gold rose 4.2% in US dollars in January 2020.
- Measured in other currencies, the change ranged from +2.5% in EGP to +8.9% in ZAR, because exchange rates moved too.
- It did better than silver (+0.8%) and US stocks (0.0%), and worse than bitcoin (+30.0%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 0.50%.
- At the end of the month it was 16.2% below its highest close since 2000.
- Gold/silver ratio: 85.2 → 88.1.
Gold price chart, January 2020
US dollars per troy ounce · daily closeGold in other currencies, January 2020
| Currency | Change in the month |
|---|---|
| ZAR | +8.9% |
| AUD | +8.7% |
| EUR | +5.8% |
| CAD | +5.4% |
| INR | +4.7% |
| TRY | +4.6% |
| GBP | +4.4% |
| CHF | +4.3% |
| JPY | +4.2% |
| PKR | +3.8% |
| CNY | +3.4% |
| EGP | +2.5% |
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, January 2020
| Asset | Change (USD) |
|---|---|
| Gold | +4.2% |
| Silver | +0.8% |
| Bitcoin | +30.0% |
| S&P 500 (with dividends) | 0.0% |
| US inflation (CPI, month) | +0.39% |
| Gold/silver ratio | 85.2 → 88.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, January 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 |
|---|---|---|---|---|---|
| Jan 2Thu | $1,524.50 | +0.33% | $49.01 | ₹34,812 | AED 179.99 |
| Jan 3Fri | $1,549.20 | +1.62% | $49.81 | ₹35,570 | AED 182.90 |
| Jan 6Mon | $1,566.20 | +1.10% | $50.35 | ₹36,120 | AED 184.93 |
| Jan 7Tue | $1,571.80 | +0.36% | $50.53 | ₹36,277 | AED 185.57 |
| Jan 8Wed | $1,557.40 | −0.92% | $50.07 | ₹36,132 | AED 183.87 |
| Jan 9Thu | $1,551.70 | −0.37% | $49.89 | ₹35,626 | AED 183.20 |
| Jan 10Fri | $1,557.50 | +0.37% | $50.07 | ₹35,650 | AED 183.88 |
| Jan 13Mon | $1,548.40 | −0.58% | $49.78 | ₹35,322 | AED 182.83 |
| Jan 14Tue | $1,542.40 | −0.39% | $49.59 | ₹35,069 | AED 182.10 |
| Jan 15Wed | $1,552.10 | +0.63% | $49.90 | ₹35,353 | AED 183.25 |
| Jan 16Thu | $1,549.00 | −0.20% | $49.80 | ₹35,219 | AED 182.88 |
| Jan 17Fri | $1,558.80 | +0.63% | $50.12 | ₹35,556 | AED 184.04 |
| Jan 21Tue | $1,556.40 | −0.15% | $50.04 | ₹35,544 | AED 183.75 |
| Jan 22Wed | $1,555.30 | −0.07% | $50.00 | ₹35,588 | AED 183.62 |
| Jan 23Thu | $1,564.60 | +0.60% | $50.30 | ₹35,754 | AED 184.72 |
| Jan 24Fri | $1,571.10 | +0.42% | $50.51 | ₹36,026 | AED 185.48 |
| Jan 27Mon | $1,576.80 | +0.36% | $50.70 | ₹36,158 | AED 186.19 |
| Jan 28Tue | $1,569.20 | −0.48% | $50.45 | ₹36,042 | AED 185.27 |
| Jan 29Wed | $1,569.80 | +0.04% | $50.47 | ₹35,950 | AED 185.34 |
| Jan 30Thu | $1,583.50 | +0.87% | $50.91 | ₹36,299 | AED 186.95 |
| Jan 31Fri | $1,582.90 | −0.04% | $50.89 | ₹36,459 | AED 186.88 |
How January usually goes for gold
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Every January since 1971 →
Gold in January 2020: FAQ
What was the price of gold in January 2020?
Gold traded between $1,524.50 and $1,583.50 per troy ounce (daily closes) in January 2020, averaging $1,559.93. It closed the month at $1,582.90.
How much did gold go up in January 2020?
Gold rose 4.2%, from $1,519.50 to $1,582.90. The biggest daily rise was +1.6% on January 3, 2020 and the biggest fall −0.9% on January 8, 2020.
What was the gold price on January 2, 2020?
Gold closed at $1,524.50 per troy ounce on January 2, 2020, the first trading day of the month. 24K India, ₹ per 10 g: ₹34,812.
Is January usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in January 14 times out of 20, with an average move of +3.5% and a median of +3.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in January 2020?
Gold rose 4.7% in Indian rupee terms in January 2020, compared with +4.2% in US dollars.
Did gold beat stocks in January 2020?
Yes. Gold was +4.2% for the month, against 0.0% for the S&P 500 with dividends.
Did gold keep up with inflation in January 2020?
US consumer prices (CPI) changed +0.39% in January, so gold's real (inflation-adjusted) change was about +3.8%.
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{corgano2026goldpriceinjanuary, author = {{Corgano}}, title = {Gold Price in January 2020}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2020/january}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}