Gold Price in July 2024
In July 2024, gold rose 3.7%, from $2,339.60 at the end of June to $2,426.50 per troy ounce on July 31, 2024. The highest close was $2,467.80 on July 16, 2024, the lowest $2,333.40 on July 2, 2024, and the average over 22 trading days was $2,398.49. Today's price is 59.8% higher than the July 2024 close.
Gold ended July higher. What usually happens in August after a higher July →
- Gold rose 3.7% in US dollars in July 2024, leaving it up 17.1% for the year to date.
- Measured in other currencies, the change ranged from −3.3% in JPY to +5.4% in AUD, because exchange rates moved too.
- It did better than silver (−1.6%), bitcoin (+3.1%) and US stocks (+1.2%).
- It closed higher on 12 trading days and lower on 10, with an average daily move of 0.85%.
- It set 1 record closing high (London price, records since 1968), the last on 16 July.
- Gold/silver ratio: 80.0 → 84.3.
- The biggest reaction to a scheduled US release was to the Fed rate decision on 31 July: +3.2% over two sessions.
Gold price chart, July 2024
US dollars per troy ounce · daily closeGold in other currencies, July 2024
| Currency | Change in the month |
|---|---|
| AUD | +5.4% |
| EGP | +4.9% |
| TRY | +4.6% |
| CAD | +4.5% |
| PKR | +4.3% |
| INR | +4.0% |
| CNY | +3.0% |
| EUR | +2.6% |
| ZAR | +2.4% |
| GBP | +2.0% |
| CHF | +1.4% |
| JPY | −3.3% |
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, July 2024
| Asset | Change (USD) |
|---|---|
| Gold | +3.7% |
| Silver | −1.6% |
| Bitcoin | +3.1% |
| S&P 500 (with dividends) | +1.2% |
| US inflation (CPI, month) | +0.12% |
| Gold, year to date (end of July) | +17.1% |
| Gold/silver ratio | 80.0 → 84.3 |
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 July 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 5 Jul | Jobs report (June 2024) | — | +1.2% |
| Thu 11 Jul | CPI inflation (June 2024) | — | +1.8% |
| Wed 31 Jul | Fed rate decision | Rates unchanged (5.25–5.50%) | +3.2% |
Daily Gold Prices, July 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 |
|---|---|---|---|---|---|
| Jul 1Mon | $2,338.90 | −0.03% | $75.20 | ₹62,746 | AED 276.12 |
| Jul 2Tue | $2,333.40 | −0.24% | $75.02 | ₹62,626 | AED 275.48 |
| Jul 3Wed | $2,369.40 | +1.54% | $76.18 | ₹63,602 | AED 279.73 |
| Jul 5Fri | $2,397.70 | +1.19% | $77.09 | ₹64,363 | AED 283.07 |
| Jul 8Mon | $2,363.50 | −1.43% | $75.99 | ₹63,418 | AED 279.03 |
| Jul 9Tue | $2,367.90 | +0.19% | $76.13 | ₹63,563 | AED 279.55 |
| Jul 10Wed | $2,379.70 | +0.50% | $76.51 | ₹63,882 | AED 280.94 |
| Jul 11Thu | $2,421.90 | +1.77% | $77.87 | ₹65,032 | AED 285.92 |
| Jul 12Fri | $2,420.70 | −0.05% | $77.83 | ₹65,000 | AED 285.78 |
| Jul 15Mon | $2,428.90 | +0.34% | $78.09 | ₹65,274 | AED 286.75 |
| Jul 16Tue | $2,467.80 | +1.60% | $79.34 | ₹66,274 | AED 291.41 |
| Jul 17Wed | $2,459.90 | −0.32% | $79.09 | ₹66,095 | AED 290.41 |
| Jul 18Thu | $2,456.40 | −0.14% | $78.98 | ₹66,082 | AED 290.00 |
| Jul 19Fri | $2,399.10 | −2.33% | $77.13 | ₹64,540 | AED 283.23 |
| Jul 22Mon | $2,394.70 | −0.18% | $76.99 | ₹64,420 | AED 282.71 |
| Jul 23Tue | $2,407.30 | +0.53% | $77.40 | ₹64,786 | AED 284.20 |
| Jul 24Wed | $2,415.70 | +0.35% | $77.67 | ₹65,040 | AED 285.19 |
| Jul 25Thu | $2,353.50 | −2.57% | $75.67 | ₹63,362 | AED 277.85 |
| Jul 26Fri | $2,381.00 | +1.17% | $76.55 | ₹64,102 | AED 281.10 |
| Jul 29Mon | $2,377.80 | −0.13% | $76.45 | ₹64,026 | AED 280.72 |
| Jul 30Tue | $2,405.00 | +1.14% | $77.32 | ₹64,749 | AED 283.93 |
| Jul 31Wed | $2,426.50 | +0.89% | $78.01 | ₹65,311 | AED 286.47 |
How July usually goes for gold
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%. Every July since 1971 →
Gold in July 2024: FAQ
What was the price of gold in July 2024?
Gold traded between $2,333.40 and $2,467.80 per troy ounce (daily closes) in July 2024, averaging $2,398.49. It closed the month at $2,426.50.
How much did gold go up in July 2024?
Gold rose 3.7%, from $2,339.60 to $2,426.50. The biggest daily rise was +1.8% on July 11, 2024 and the biggest fall −2.6% on July 25, 2024.
What was the gold price on July 1, 2024?
Gold closed at $2,338.90 per troy ounce on July 1, 2024, the first trading day of the month. 24K India, ₹ per 10 g: ₹62,746.
Is July usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in July 13 times out of 20, with an average move of +1.3% and a median of +2.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in July 2024?
Gold rose 4.0% in Indian rupee terms in July 2024, compared with +3.7% in US dollars.
Did gold beat stocks in July 2024?
Yes. Gold was +3.7% for the month, against +1.2% for the S&P 500 with dividends.
How did gold react to the Fed and US data in July 2024?
Of 3 scheduled US releases this month, the biggest move came after the Fed rate decision on 31 July: +3.2%. The full list with each reaction is on this page.
Did gold keep up with inflation in July 2024?
US consumer prices (CPI) changed +0.12% in July, so gold's real (inflation-adjusted) change was about +3.6%.
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{corgano2026goldpriceinjuly, author = {{Corgano}}, title = {Gold Price in July 2024}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2024/july}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}