Gold Price in September 2020
In September 2020, gold fell 3.2%, from $1,978.90 at the end of August to $1,916.30 per troy ounce on September 30, 2020. The highest close was $1,970.50 on September 15, 2020, the lowest $1,866.30 on September 24, 2020, and the average over 25 trading days was $1,927.09. Today's price is 102.3% higher than the September 2020 close.
Gold ended September lower. What usually happens in October after a lower September →
- Gold fell 3.2% in US dollars in September 2020, leaving it up 26.1% for the year to date.
- Measured in other currencies, the change ranged from −4.4% in ZAR to +1.5% in TRY, because exchange rates moved too.
- It did better than silver (−15.1%), bitcoin (−7.7%) and US stocks (−3.8%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 0.67%.
- At the end of the month it was 7.4% below its highest close since 2000.
- Gold/silver ratio: 69.5 → 79.2.
Gold price chart, September 2020
US dollars per troy ounce · daily closeGold in other currencies, September 2020
| Currency | Change in the month |
|---|---|
| TRY | +1.5% |
| GBP | +0.2% |
| AUD | −0.3% |
| CAD | −1.2% |
| CHF | −1.4% |
| EUR | −1.4% |
| PKR | −2.4% |
| INR | −3.1% |
| JPY | −3.7% |
| EGP | −3.8% |
| CNY | −4.0% |
| ZAR | −4.4% |
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, September 2020
| Asset | Change (USD) |
|---|---|
| Gold | −3.2% |
| Silver | −15.1% |
| Bitcoin | −7.7% |
| S&P 500 (with dividends) | −3.8% |
| US inflation (CPI, month) | +0.14% |
| Gold, year to date (end of September) | +26.1% |
| Gold/silver ratio | 69.5 → 79.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Tue | $1,944.70 | −1.73% | $62.52 | ₹45,811 | AED 229.60 |
| Sep 2Wed | $1,937.80 | −0.35% | $62.30 | ₹45,635 | AED 228.91 |
| Sep 3Thu | $1,934.30 | −0.18% | $62.19 | ₹45,677 | AED 228.37 |
| Sep 4Fri | $1,934.30 | 0.00% | $62.19 | ₹45,677 | AED 228.37 |
| Sep 7Mon | $1,943.20 | +0.46% | $62.48 | ₹46,013 | AED 229.42 |
| Sep 8Tue | $1,954.90 | +0.60% | $62.85 | ₹46,376 | AED 230.80 |
| Sep 9Wed | $1,964.30 | +0.48% | $63.15 | ₹46,450 | AED 231.91 |
| Sep 10Thu | $1,947.90 | −0.83% | $62.63 | ₹46,048 | AED 229.98 |
| Sep 11Fri | $1,947.90 | 0.00% | $62.63 | ₹46,048 | AED 229.98 |
| Sep 13Sun | $1,963.70 | +0.81% | $63.13 | ₹46,390 | AED 231.87 |
| Sep 14Mon | $1,966.20 | +0.13% | $63.21 | ₹46,536 | AED 232.14 |
| Sep 15Tue | $1,970.50 | +0.22% | $63.35 | ₹46,755 | AED 232.65 |
| Sep 16Wed | $1,949.90 | −1.05% | $62.69 | ₹46,109 | AED 230.24 |
| Sep 17Thu | $1,962.10 | +0.63% | $63.08 | ₹46,419 | AED 231.65 |
| Sep 18Fri | $1,962.10 | 0.00% | $63.08 | ₹46,419 | AED 231.65 |
| Sep 20Sun | $1,910.60 | −2.62% | $61.43 | ₹45,170 | AED 225.60 |
| Sep 21Mon | $1,907.60 | −0.16% | $61.33 | ₹45,127 | AED 225.22 |
| Sep 22Tue | $1,868.40 | −2.05% | $60.07 | ₹44,154 | AED 220.59 |
| Sep 23Wed | $1,876.90 | +0.45% | $60.34 | ₹44,521 | AED 221.59 |
| Sep 24Thu | $1,866.30 | −0.56% | $60.00 | ₹44,212 | AED 220.38 |
| Sep 25Fri | $1,866.30 | 0.00% | $60.00 | ₹44,212 | AED 220.38 |
| Sep 27Sun | $1,882.30 | +0.86% | $60.52 | ₹44,601 | AED 222.26 |
| Sep 28Mon | $1,903.20 | +1.11% | $61.19 | ₹45,265 | AED 224.70 |
| Sep 29Tue | $1,895.50 | −0.40% | $60.94 | ₹45,002 | AED 223.79 |
| Sep 30Wed | $1,916.30 | +1.10% | $61.61 | ₹45,410 | AED 226.25 |
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 2020: FAQ
What was the price of gold in September 2020?
Gold traded between $1,866.30 and $1,970.50 per troy ounce (daily closes) in September 2020, averaging $1,927.09. It closed the month at $1,916.30.
How much did gold go down in September 2020?
Gold fell 3.2%, from $1,978.90 to $1,916.30. The biggest daily rise was +1.1% on September 28, 2020 and the biggest fall −2.6% on September 20, 2020.
What was the gold price on September 1, 2020?
Gold closed at $1,944.70 per troy ounce on September 1, 2020, the first trading day of the month. 24K India, ₹ per 10 g: ₹45,811.
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 2020?
Gold fell 3.1% in Indian rupee terms in September 2020, compared with −3.2% in US dollars.
Did gold beat stocks in September 2020?
Yes. Gold was −3.2% for the month, against −3.8% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2020?
US consumer prices (CPI) changed +0.14% in September, so gold's real (inflation-adjusted) change was about −3.3%.
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 2020}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2020/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}