Gold Price in August 2024
In August 2024, gold rose 1.9%, from $2,480.80 at the end of July to $2,527.60 per troy ounce on August 30, 2024. The highest close was $2,560.30 on August 28, 2024, the lowest $2,431.60 on August 5, 2024, and the average over 26 trading days was $2,508.76. Today's price is 53.4% higher than the August 2024 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 1.9% in US dollars in August 2024, leaving it up 22.0% for the year to date.
- Measured in other currencies, the change ranged from −1.8% in AUD to +4.7% in TRY, because exchange rates moved too.
- It did better than silver (+1.4%) and bitcoin (−8.7%), and worse than US stocks (+2.4%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 0.57%.
- It set 8 record closing highs (London price, records since 1968), the last on 29 August.
- Gold/silver ratio: 87.6 → 88.0.
- The biggest reaction to a scheduled US release was to the CPI inflation (July 2024) on 14 August: +0.5% that day.
Gold price chart, August 2024
US dollars per troy ounce · daily closeGold in other currencies, August 2024
| Currency | Change in the month |
|---|---|
| TRY | +4.7% |
| INR | +2.1% |
| EGP | +2.0% |
| PKR | +1.7% |
| CNY | +0.2% |
| CAD | −0.5% |
| EUR | −0.5% |
| GBP | −0.5% |
| ZAR | −0.7% |
| JPY | −1.4% |
| CHF | −1.7% |
| AUD | −1.8% |
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, August 2024
| Asset | Change (USD) |
|---|---|
| Gold | +1.9% |
| Silver | +1.4% |
| Bitcoin | −8.7% |
| S&P 500 (with dividends) | +2.4% |
| US inflation (CPI, month) | +0.08% |
| Gold, year to date (end of August) | +22.0% |
| Gold/silver ratio | 87.6 → 88.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in August 2024
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 2 Aug | Jobs report (July 2024) | — | 0.0% |
| Wed 14 Aug | CPI inflation (July 2024) | — | +0.5% |
Daily Gold Prices, August 2024
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 |
|---|---|---|---|---|---|
| Aug 1Thu | $2,469.80 | −0.44% | $79.41 | ₹66,498 | AED 291.58 |
| Aug 2Fri | $2,469.80 | 0.00% | $79.41 | ₹66,498 | AED 291.58 |
| Aug 4Sun | $2,444.40 | −1.03% | $78.59 | ₹65,807 | AED 288.63 |
| Aug 5Mon | $2,431.60 | −0.52% | $78.18 | ₹65,671 | AED 287.07 |
| Aug 6Tue | $2,432.40 | +0.03% | $78.20 | ₹65,640 | AED 287.16 |
| Aug 7Wed | $2,463.30 | +1.27% | $79.20 | ₹66,480 | AED 290.81 |
| Aug 8Thu | $2,473.40 | +0.41% | $79.52 | ₹66,789 | AED 292.00 |
| Aug 9Fri | $2,473.40 | 0.00% | $79.52 | ₹66,789 | AED 292.00 |
| Aug 11Sun | $2,504.00 | +1.24% | $80.51 | ₹67,584 | AED 295.67 |
| Aug 12Mon | $2,507.80 | +0.15% | $80.63 | ₹67,639 | AED 296.06 |
| Aug 13Tue | $2,479.70 | −1.12% | $79.72 | ₹66,874 | AED 292.75 |
| Aug 14Wed | $2,492.40 | +0.51% | $80.13 | ₹67,288 | AED 294.25 |
| Aug 15Thu | $2,537.80 | +1.82% | $81.59 | ₹68,495 | AED 299.61 |
| Aug 16Fri | $2,537.80 | 0.00% | $81.59 | ₹68,495 | AED 299.61 |
| Aug 18Sun | $2,541.30 | +0.14% | $81.70 | ₹68,542 | AED 300.08 |
| Aug 19Mon | $2,550.60 | +0.37% | $82.00 | ₹68,784 | AED 301.12 |
| Aug 20Tue | $2,547.50 | −0.12% | $81.90 | ₹68,619 | AED 300.75 |
| Aug 21Wed | $2,516.70 | −1.21% | $80.91 | ₹67,877 | AED 297.11 |
| Aug 22Thu | $2,546.30 | +1.18% | $81.87 | ₹68,718 | AED 300.60 |
| Aug 23Fri | $2,546.30 | 0.00% | $81.87 | ₹68,718 | AED 300.60 |
| Aug 25Sun | $2,555.20 | +0.35% | $82.15 | ₹68,854 | AED 301.71 |
| Aug 26Mon | $2,552.90 | −0.09% | $82.08 | ₹68,850 | AED 301.38 |
| Aug 27Tue | $2,537.80 | −0.59% | $81.59 | ₹68,473 | AED 299.60 |
| Aug 28Wed | $2,560.30 | +0.89% | $82.32 | ₹69,097 | AED 302.25 |
| Aug 29Thu | $2,527.60 | −1.28% | $81.26 | ₹68,177 | AED 298.46 |
| Aug 30Fri | $2,527.60 | 0.00% | $81.26 | ₹68,177 | AED 298.46 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Every August since 1971 →
Gold in August 2024: FAQ
What was the price of gold in August 2024?
Gold traded between $2,431.60 and $2,560.30 per troy ounce (daily closes) in August 2024, averaging $2,508.76. It closed the month at $2,527.60.
How much did gold go up in August 2024?
Gold rose 1.9%, from $2,480.80 to $2,527.60. The biggest daily rise was +1.8% on August 15, 2024 and the biggest fall −1.3% on August 29, 2024.
What was the gold price on August 1, 2024?
Gold closed at $2,469.80 per troy ounce on August 1, 2024, the first trading day of the month. 24K India, ₹ per 10 g: ₹66,498.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.5% and a median of +1.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in August 2024?
Gold rose 2.1% in Indian rupee terms in August 2024, compared with +1.9% in US dollars.
Did gold beat stocks in August 2024?
No. Gold was +1.9% for the month, against +2.4% for the S&P 500 with dividends.
How did gold react to the Fed and US data in August 2024?
Of 2 scheduled US releases this month, the biggest move came after the CPI inflation (July 2024) on 14 August: +0.5%. The full list with each reaction is on this page.
Did gold keep up with inflation in August 2024?
US consumer prices (CPI) changed +0.08% in August, so gold's real (inflation-adjusted) change was about +1.8%.
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{corgano2026goldpriceinaugust, author = {{Corgano}}, title = {Gold Price in August 2024}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2024/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}