Gold Price in October 2022
In October 2022, gold fell 1.9%, from $1,672.00 at the end of September to $1,640.70 per troy ounce on October 31, 2022. The highest close was $1,730.50 on October 4, 2022, the lowest $1,634.20 on October 19, 2022, and the average over 21 trading days was $1,672.74. Today's price is 136.3% higher than the October 2022 close.
Gold ended October lower. What usually happens in November after a lower October →
- Gold fell 1.9% in US dollars in October 2022, leaving it down 10.3% for the year to date.
- Measured in other currencies, the change ranged from −6.3% in PKR to +16.4% in EGP, because exchange rates moved too.
- It did worse than silver (+0.9%), bitcoin (+5.5%) and US stocks (+8.1%).
- It closed higher on 8 trading days and lower on 12, with an average daily move of 0.78%.
- At the end of the month it was 20.7% below its highest close since 2000.
- Gold/silver ratio: 88.2 → 85.8.
Gold price chart, October 2022
US dollars per troy ounce · daily closeGold in other currencies, October 2022
| Currency | Change in the month |
|---|---|
| EGP | +16.4% |
| JPY | +0.4% |
| CHF | +0.3% |
| CNY | −0.1% |
| AUD | −0.2% |
| INR | −1.0% |
| ZAR | −1.1% |
| TRY | −1.5% |
| CAD | −2.3% |
| EUR | −3.1% |
| GBP | −5.5% |
| PKR | −6.3% |
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, October 2022
| Asset | Change (USD) |
|---|---|
| Gold | −1.9% |
| Silver | +0.9% |
| Bitcoin | +5.5% |
| S&P 500 (with dividends) | +8.1% |
| US inflation (CPI, month) | +0.41% |
| Gold, year to date (end of October) | −10.3% |
| Gold/silver ratio | 88.2 → 85.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2022
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 |
|---|---|---|---|---|---|
| Oct 3Mon | $1,702.00 | +1.79% | $54.72 | ₹44,595 | AED 200.94 |
| Oct 4Tue | $1,730.50 | +1.67% | $55.64 | ₹45,325 | AED 204.30 |
| Oct 5Wed | $1,720.80 | −0.56% | $55.33 | ₹45,172 | AED 203.16 |
| Oct 6Thu | $1,720.80 | 0.00% | $55.33 | ₹45,560 | AED 203.16 |
| Oct 7Fri | $1,709.30 | −0.67% | $54.96 | ₹45,255 | AED 201.80 |
| Oct 10Mon | $1,675.20 | −1.99% | $53.86 | ₹44,391 | AED 197.78 |
| Oct 11Tue | $1,686.00 | +0.64% | $54.21 | ₹44,598 | AED 199.05 |
| Oct 12Wed | $1,677.50 | −0.50% | $53.93 | ₹44,333 | AED 198.05 |
| Oct 13Thu | $1,677.00 | −0.03% | $53.92 | ₹44,315 | AED 197.99 |
| Oct 14Fri | $1,648.90 | −1.68% | $53.01 | ₹43,573 | AED 194.67 |
| Oct 17Mon | $1,664.00 | +0.92% | $53.50 | ₹43,973 | AED 196.45 |
| Oct 18Tue | $1,655.80 | −0.49% | $53.24 | ₹43,805 | AED 195.49 |
| Oct 19Wed | $1,634.20 | −1.30% | $52.54 | ₹43,607 | AED 192.93 |
| Oct 20Thu | $1,636.80 | +0.16% | $52.62 | ₹43,586 | AED 193.24 |
| Oct 21Fri | $1,656.30 | +1.19% | $53.25 | ₹44,106 | AED 195.54 |
| Oct 24Mon | $1,654.10 | −0.13% | $53.18 | ₹44,013 | AED 195.28 |
| Oct 25Tue | $1,658.00 | +0.24% | $53.31 | ₹43,948 | AED 195.74 |
| Oct 26Wed | $1,669.20 | +0.68% | $53.67 | ₹44,033 | AED 197.07 |
| Oct 27Thu | $1,665.60 | −0.22% | $53.55 | ₹44,148 | AED 196.64 |
| Oct 28Fri | $1,644.80 | −1.25% | $52.88 | ₹43,597 | AED 194.19 |
| Oct 31Mon | $1,640.70 | −0.25% | $52.75 | ₹43,381 | AED 193.73 |
How October usually goes for gold
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Every October since 1971 →
Gold in October 2022: FAQ
What was the price of gold in October 2022?
Gold traded between $1,634.20 and $1,730.50 per troy ounce (daily closes) in October 2022, averaging $1,672.74. It closed the month at $1,640.70.
How much did gold go down in October 2022?
Gold fell 1.9%, from $1,672.00 to $1,640.70. The biggest daily rise was +1.8% on October 3, 2022 and the biggest fall −2.0% on October 10, 2022.
What was the gold price on October 3, 2022?
Gold closed at $1,702.00 per troy ounce on October 3, 2022, the first trading day of the month. 24K India, ₹ per 10 g: ₹44,595.
Is October usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in October 12 times out of 20, with an average move of +0.6% and a median of +1.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in October 2022?
Gold fell 1.0% in Indian rupee terms in October 2022, compared with −1.9% in US dollars.
Did gold beat stocks in October 2022?
No. Gold was −1.9% for the month, against +8.1% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2022?
US consumer prices (CPI) changed +0.41% in October, so gold's real (inflation-adjusted) change was about −2.3%.
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{corgano2026goldpriceinoctober, author = {{Corgano}}, title = {Gold Price in October 2022}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2022/october}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}