Gold Price in October 2014
In October 2014, gold fell 3.3%, from $1,210.50 at the end of September to $1,171.10 per troy ounce on October 31, 2014. The highest close was $1,251.00 on October 21, 2014, the lowest $1,171.10 on October 31, 2014, and the average over 23 trading days was $1,222.93. Today's price is 243.7% higher than the October 2014 close.
- Gold fell 3.3% in US dollars in October 2014, leaving it down 2.6% for the year to date.
- Measured in other currencies, the change ranged from −6.7% in ZAR to −1.8% in GBP, because exchange rates moved too.
- It did better than silver (−5.5%) and bitcoin (−12.6%), and worse than US stocks (+2.4%).
- It closed higher on 11 trading days and lower on 12, with an average daily move of 0.72%.
- At the end of the month it was 38.0% below its highest close since 2000.
- Gold/silver ratio: 71.2 → 72.8.
Gold price chart, October 2014
US dollars per troy ounce · daily closeGold in other currencies, October 2014
| Currency | Change in the month |
|---|---|
| GBP | −1.8% |
| EUR | −2.7% |
| CHF | −2.7% |
| PKR | −2.7% |
| CAD | −3.0% |
| EGP | −3.3% |
| JPY | −3.4% |
| INR | −3.4% |
| CNY | −3.8% |
| AUD | −4.4% |
| TRY | −6.7% |
| ZAR | −6.7% |
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 2014
| Asset | Change (USD) |
|---|---|
| Gold | −3.3% |
| Silver | −5.5% |
| Bitcoin | −12.6% |
| S&P 500 (with dividends) | +2.4% |
| US inflation (CPI, month) | −0.25% |
| Gold, year to date (end of October) | −2.6% |
| Gold/silver ratio | 71.2 → 72.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2014
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 1Wed | $1,214.60 | +0.34% | $39.05 | ₹24,141 | AED 143.39 |
| Oct 2Thu | $1,214.20 | −0.03% | $39.04 | ₹24,091 | AED 143.35 |
| Oct 3Fri | $1,192.20 | −1.81% | $38.33 | ₹23,550 | AED 140.78 |
| Oct 6Mon | $1,206.70 | +1.22% | $38.80 | ₹23,874 | AED 142.46 |
| Oct 7Tue | $1,211.70 | +0.41% | $38.96 | ₹23,846 | AED 143.05 |
| Oct 8Wed | $1,205.30 | −0.53% | $38.75 | ₹23,743 | AED 142.30 |
| Oct 9Thu | $1,224.60 | +1.60% | $39.37 | ₹23,970 | AED 144.58 |
| Oct 10Fri | $1,221.00 | −0.29% | $39.26 | ₹23,954 | AED 144.15 |
| Oct 13Mon | $1,229.30 | +0.68% | $39.52 | ₹24,219 | AED 145.13 |
| Oct 14Tue | $1,233.60 | +0.35% | $39.66 | ₹24,194 | AED 145.64 |
| Oct 15Wed | $1,244.10 | +0.85% | $40.00 | ₹24,556 | AED 146.88 |
| Oct 16Thu | $1,240.50 | −0.29% | $39.88 | ₹24,477 | AED 146.45 |
| Oct 17Fri | $1,238.30 | −0.18% | $39.81 | ₹24,573 | AED 146.19 |
| Oct 20Mon | $1,244.00 | +0.46% | $40.00 | ₹24,540 | AED 146.87 |
| Oct 21Tue | $1,251.00 | +0.56% | $40.22 | ₹24,626 | AED 147.69 |
| Oct 22Wed | $1,244.80 | −0.50% | $40.02 | ₹24,470 | AED 146.96 |
| Oct 23Thu | $1,228.50 | −1.31% | $39.50 | ₹24,133 | AED 145.07 |
| Oct 24Fri | $1,231.20 | +0.22% | $39.58 | ₹24,198 | AED 145.38 |
| Oct 27Mon | $1,229.10 | −0.17% | $39.52 | ₹24,169 | AED 145.10 |
| Oct 28Tue | $1,229.20 | +0.01% | $39.52 | ₹24,225 | AED 145.12 |
| Oct 29Wed | $1,224.30 | −0.40% | $39.36 | ₹24,082 | AED 144.54 |
| Oct 30Thu | $1,198.10 | −2.14% | $38.52 | ₹23,606 | AED 141.44 |
| Oct 31Fri | $1,171.10 | −2.25% | $37.65 | ₹23,131 | AED 138.26 |
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%.
Gold in October 2014: FAQ
What was the price of gold in October 2014?
Gold traded between $1,171.10 and $1,251.00 per troy ounce (daily closes) in October 2014, averaging $1,222.93. It closed the month at $1,171.10.
How much did gold go down in October 2014?
Gold fell 3.3%, from $1,210.50 to $1,171.10. The biggest daily rise was +1.6% on October 9, 2014 and the biggest fall −2.3% on October 31, 2014.
What was the gold price on October 1, 2014?
Gold closed at $1,214.60 per troy ounce on October 1, 2014, the first trading day of the month. 24K India, ₹ per 10 g: ₹24,141.
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 2014?
Gold fell 3.4% in Indian rupee terms in October 2014, compared with −3.3% in US dollars.
Did gold beat stocks in October 2014?
No. Gold was −3.3% for the month, against +2.4% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2014?
US consumer prices (CPI) changed −0.25% in October, so gold's real (inflation-adjusted) change was about −3.0%.