Gold in September: Every September Since 1971
Gold has risen in 31 of 56 Septembers since 1971 (55%, against 55% for all months), with an average change of +1.5% and a median of +1.1%. Its best September was 1979 (+26.1%) and its worst 1975 (−11.6%). September ranks 2 of 12 by average change.
Gold in every September, 1971–2026
% change in the monthWhat happens in October after September
How often October rose after gold ended September higher or lower, compared with all months (55% rose).
After a higher September
InconclusiveAfter gold ends September higher, October has risen 42% of the time since 1971 (13 of 31), against 55% for all months, with an average change of −0.5% and a median of −0.5%: a difference, but too few cases to rule out chance.
After a lower September
InconclusiveAfter gold ends September lower, October has risen 58% of the time since 1971 (14 of 24), against 55% for all months, with an average change of +1.2% and a median of +0.5%: no meaningful pattern.
"Momentum" or "rebound" only when the share differs from all months by at least 5 percentage points, with at least 20 cases, and by more than chance would explain (95% confidence); otherwise "inconclusive". With one month a year, most single-month differences are within chance. The same figures for every month together: gold seasonality.
Gold in September, Year by Year
Month-end close and the change in September, with October next to it.
| Year | Close, end of September | September | October after |
|---|---|---|---|
| 2026 | $4,187 | −6.6% | — |
| 2025 | $3,873 | +10.2% | +3.2% |
| 2024 | $2,659 | +5.2% | +3.4% |
| 2023 | $1,866 | −5.1% | +6.9% |
| 2022 | $1,672 | −3.1% | −1.9% |
| 2021 | $1,757 | −3.4% | +1.5% |
| 2020 | $1,896 | −4.2% | −0.8% |
| 2019 | $1,466 | −3.5% | +3.1% |
| 2018 | $1,192 | −0.7% | +1.7% |
| 2017 | $1,282 | −3.0% | −1.1% |
| 2016 | $1,316 | +0.5% | −3.0% |
| 2015 | $1,115 | −1.6% | +2.4% |
| 2014 | $1,212 | −5.9% | −3.3% |
| 2013 | $1,328 | −4.8% | −0.3% |
| 2012 | $1,776 | +7.7% | −3.2% |
| 2011 | $1,620 | −10.7% | +6.3% |
| 2010 | $1,307 | +4.9% | +3.0% |
| 2009 | $996 | +4.6% | +4.4% |
| 2008 | $885 | +6.2% | −17.4% |
| 2007 | $743 | +10.6% | +6.3% |
| 2006 | $599 | −3.9% | +0.8% |
| 2005 | $473 | +9.2% | −0.5% |
| 2004 | $416 | +2.1% | +2.4% |
| 2003 | $388 | +3.3% | −0.5% |
| 2002 | $324 | +3.5% | −2.1% |
| 2001 | $293 | +7.4% | −4.9% |
| 2000 | $274 | −1.2% | −3.3% |
| 1999 | $299 | +17.3% | 0.0% |
| 1998 | $294 | +7.5% | −0.5% |
| 1997 | $332 | +2.1% | −6.2% |
| 1996 | $379 | −1.9% | +0.1% |
| 1995 | $384 | +0.4% | −0.4% |
| 1994 | $395 | +2.4% | −2.8% |
| 1993 | $356 | −4.3% | +4.0% |
| 1992 | $349 | +2.6% | −2.8% |
| 1991 | $355 | +2.2% | +0.7% |
| 1990 | $408 | +5.3% | −7.1% |
| 1989 | $367 | +1.9% | +2.4% |
| 1988 | $397 | −7.3% | +4.0% |
| 1987 | $460 | +1.3% | +2.0% |
| 1986 | $423 | +10.0% | −5.2% |
| 1985 | $326 | −2.3% | −0.2% |
| 1984 | $344 | −1.3% | −3.0% |
| 1983 | $405 | −2.2% | −5.7% |
| 1982 | $397 | −3.5% | +6.6% |
| 1981 | $429 | +0.9% | −0.4% |
| 1980 | $667 | +5.6% | −5.7% |
| 1979 | $397 | +26.1% | −3.8% |
| 1978 | $217 | +4.0% | +11.7% |
| 1977 | $154 | +5.5% | +4.8% |
| 1976 | $116 | +11.5% | +6.2% |
| 1975 | $141 | −11.6% | +1.2% |
| 1974 | $151 | −3.0% | +10.4% |
| 1973 | $100 | −3.4% | −2.0% |
| 1972 | $64.20 | −4.0% | +0.3% |
| 1971 | $42.60 | +4.8% | −0.6% |
In the calendar in September
- Navratri begins in September or October, the start of India's festival season.
Events that fall in the month; they do not explain any single year's move.
Gold by Month
Gold in September: FAQ
Is September a good month for gold?
Gold has risen in 55% of Septembers since 1971 (31 of 56), against 55% for all months, with an average change of +1.5%. September ranks 2 of 12 months by average change. In the last 10 years it rose 2 times. Seasonal patterns are not a reliable guide to any single year.
What was gold's best September?
1979, when gold rose 26.1%. The worst was 1975 (−11.6%).
What happens to gold in October after a higher September?
After gold ends September higher, October has risen 42% of the time since 1971 (13 of 31), against 55% for all months, with an average change of −0.5% and a median of −0.5%: a difference, but too few cases to rule out chance.
What happens to gold in October after a lower September?
After gold ends September lower, October has risen 58% of the time since 1971 (14 of 24), against 55% for all months, with an average change of +1.2% and a median of +0.5%: no meaningful pattern.
History, not advice: past monthly patterns do not predict any single month. Data to 26 October 2026.
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{corgano2026goldinseptemberevery, author = {{Corgano}}, title = {Gold in September: every September since 1971}, howpublished = {\url{https://goldprice.corgano.com/gold-in-september}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-27}}