Gold Price in September 2022
In September 2022, gold fell 2.2%, from $1,709.30 at the end of August to $1,672.00 per troy ounce on September 30, 2022. The highest close was $1,740.60 on September 11, 2022, the lowest $1,633.40 on September 25, 2022, and the average over 25 trading days was $1,689.77. Today's price is 131.9% higher than the September 2022 close.
Gold ended September lower. What usually happens in October after a lower September →
- Gold fell 2.2% in US dollars in September 2022, leaving it down 8.6% for the year to date.
- Measured in other currencies, the change ranged from −2.6% in CHF to +3.7% in PKR, because exchange rates moved too.
- It did better than bitcoin (−3.1%) and US stocks (−9.2%), and worse than silver (+8.0%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.58%.
- At the end of the month it was 19.2% below its highest close since 2000.
- Gold/silver ratio: 97.4 → 88.2.
Gold price chart, September 2022
US dollars per troy ounce · daily closeGold in other currencies, September 2022
| Currency | Change in the month |
|---|---|
| PKR | +3.7% |
| ZAR | +2.7% |
| AUD | +2.6% |
| CAD | +1.8% |
| GBP | +1.6% |
| JPY | +1.4% |
| CNY | +1.2% |
| INR | +0.2% |
| EUR | −0.1% |
| TRY | −0.5% |
| EGP | −0.5% |
| CHF | −2.6% |
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 2022
| Asset | Change (USD) |
|---|---|
| Gold | −2.2% |
| Silver | +8.0% |
| Bitcoin | −3.1% |
| S&P 500 (with dividends) | −9.2% |
| US inflation (CPI, month) | +0.22% |
| Gold, year to date (end of September) | −8.6% |
| Gold/silver ratio | 97.4 → 88.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in September 2022
- Thursday, September 22Japan intervenes to buy yen for the first time since 1998. SourceGold: −1.5% that day
Daily Gold Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Thu | $1,722.60 | +0.78% | $55.38 | ₹44,149 | AED 203.37 |
| Sep 2Fri | $1,722.60 | 0.00% | $55.38 | ₹44,149 | AED 203.37 |
| Sep 5Mon | $1,712.90 | −0.56% | $55.07 | ₹43,937 | AED 202.23 |
| Sep 6Tue | $1,727.80 | +0.87% | $55.55 | ₹44,382 | AED 203.99 |
| Sep 7Wed | $1,720.20 | −0.44% | $55.31 | ₹44,051 | AED 203.09 |
| Sep 8Thu | $1,728.60 | +0.49% | $55.58 | ₹44,297 | AED 204.08 |
| Sep 9Fri | $1,728.60 | 0.00% | $55.58 | ₹44,297 | AED 204.08 |
| Sep 11Sun | $1,740.60 | +0.69% | $55.96 | ₹44,577 | AED 205.52 |
| Sep 12Mon | $1,717.40 | −1.33% | $55.22 | ₹43,817 | AED 202.76 |
| Sep 13Tue | $1,709.10 | −0.48% | $54.95 | ₹43,741 | AED 201.78 |
| Sep 14Wed | $1,677.30 | −1.86% | $53.93 | ₹42,847 | AED 198.02 |
| Sep 15Thu | $1,683.50 | +0.37% | $54.13 | ₹43,219 | AED 198.76 |
| Sep 16Fri | $1,683.50 | 0.00% | $54.13 | ₹43,219 | AED 198.76 |
| Sep 18Sun | $1,678.20 | −0.31% | $53.96 | ₹42,997 | AED 198.16 |
| Sep 19Mon | $1,671.10 | −0.42% | $53.73 | ₹42,825 | AED 197.29 |
| Sep 20Tue | $1,675.70 | +0.28% | $53.88 | ₹42,972 | AED 197.83 |
| Sep 21Wed | $1,681.10 | +0.32% | $54.05 | ₹43,266 | AED 198.47 |
| Sep 22Thu | $1,655.60 | −1.52% | $53.23 | ₹43,148 | AED 195.46 |
| Sep 23Fri | $1,655.60 | 0.00% | $53.23 | ₹43,148 | AED 195.46 |
| Sep 25Sun | $1,633.40 | −1.34% | $52.52 | ₹42,671 | AED 192.86 |
| Sep 26Mon | $1,636.20 | +0.17% | $52.61 | ₹42,934 | AED 193.21 |
| Sep 27Tue | $1,670.00 | +2.07% | $53.69 | ₹43,879 | AED 197.16 |
| Sep 28Wed | $1,668.60 | −0.08% | $53.65 | ₹43,684 | AED 197.00 |
| Sep 29Thu | $1,672.00 | +0.20% | $53.76 | ₹43,801 | AED 197.40 |
| Sep 30Fri | $1,672.00 | 0.00% | $53.76 | ₹43,801 | AED 197.40 |
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 2022: FAQ
What was the price of gold in September 2022?
Gold traded between $1,633.40 and $1,740.60 per troy ounce (daily closes) in September 2022, averaging $1,689.77. It closed the month at $1,672.00.
How much did gold go down in September 2022?
Gold fell 2.2%, from $1,709.30 to $1,672.00. The biggest daily rise was +2.1% on September 27, 2022 and the biggest fall −1.9% on September 14, 2022.
What was the gold price on September 1, 2022?
Gold closed at $1,722.60 per troy ounce on September 1, 2022, the first trading day of the month. 24K India, ₹ per 10 g: ₹44,149.
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 2022?
Gold rose 0.2% in Indian rupee terms in September 2022, compared with −2.2% in US dollars.
Did gold beat stocks in September 2022?
Yes. Gold was −2.2% for the month, against −9.2% for the S&P 500 with dividends.
Did gold keep up with inflation in September 2022?
US consumer prices (CPI) changed +0.22% in September, so gold's real (inflation-adjusted) change was about −2.4%.
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 2022}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2022/september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}