Gold Price in October 2018
In October 2018, gold rose 1.7%, from $1,191.50 at the end of September to $1,212.30 per troy ounce on October 31, 2018. The highest close was $1,233.40 on October 23, 2018, the lowest $1,184.40 on October 8, 2018, and the average over 23 trading days was $1,213.97. Today's price is 232.1% higher than the October 2018 close.
- Gold rose 1.7% in US dollars in October 2018, leaving it down 7.2% for the year to date.
- Measured in other currencies, the change ranged from −7.1% in TRY to +8.6% in PKR, because exchange rates moved too.
- It did better than silver (−2.7%), bitcoin (−4.6%) and US stocks (−6.8%).
- It closed higher on 11 trading days and lower on 12, with an average daily move of 0.55%.
- At the end of the month it was 35.8% below its highest close since 2000.
- Gold/silver ratio: 81.5 → 85.2.
Gold price chart, October 2018
US dollars per troy ounce · daily closeGold in other currencies, October 2018
| Currency | Change in the month |
|---|---|
| PKR | +8.6% |
| ZAR | +5.3% |
| GBP | +4.7% |
| CHF | +4.7% |
| EUR | +4.4% |
| AUD | +3.3% |
| CNY | +3.0% |
| INR | +2.7% |
| CAD | +2.4% |
| EGP | +1.7% |
| JPY | +1.5% |
| TRY | −7.1% |
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 2018
| Asset | Change (USD) |
|---|---|
| Gold | +1.7% |
| Silver | −2.7% |
| Bitcoin | −4.6% |
| S&P 500 (with dividends) | −6.8% |
| US inflation (CPI, month) | +0.18% |
| Gold, year to date (end of October) | −7.2% |
| Gold/silver ratio | 81.5 → 85.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2018
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 1Mon | $1,187.10 | −0.37% | $38.17 | ₹27,672 | AED 140.17 |
| Oct 2Tue | $1,202.40 | +1.29% | $38.66 | ₹28,512 | AED 141.96 |
| Oct 3Wed | $1,198.30 | −0.34% | $38.53 | ₹28,232 | AED 141.48 |
| Oct 4Thu | $1,197.20 | −0.09% | $38.49 | ₹28,426 | AED 141.35 |
| Oct 5Fri | $1,201.20 | +0.33% | $38.62 | ₹28,663 | AED 141.82 |
| Oct 8Mon | $1,184.40 | −1.40% | $38.08 | ₹28,088 | AED 139.85 |
| Oct 9Tue | $1,187.20 | +0.24% | $38.17 | ₹28,203 | AED 140.17 |
| Oct 10Wed | $1,189.30 | +0.18% | $38.24 | ₹28,506 | AED 140.41 |
| Oct 11Thu | $1,223.50 | +2.88% | $39.34 | ₹29,345 | AED 144.45 |
| Oct 12Fri | $1,218.10 | −0.44% | $39.16 | ₹29,043 | AED 143.81 |
| Oct 15Mon | $1,226.40 | +0.68% | $39.43 | ₹29,050 | AED 144.81 |
| Oct 16Tue | $1,227.30 | +0.07% | $39.46 | ₹29,231 | AED 144.90 |
| Oct 17Wed | $1,223.70 | −0.29% | $39.34 | ₹28,900 | AED 144.47 |
| Oct 18Thu | $1,226.50 | +0.23% | $39.43 | ₹29,149 | AED 144.80 |
| Oct 19Fri | $1,225.30 | −0.10% | $39.39 | ₹29,215 | AED 144.65 |
| Oct 22Mon | $1,221.20 | −0.33% | $39.26 | ₹28,844 | AED 144.20 |
| Oct 23Tue | $1,233.40 | +1.00% | $39.65 | ₹29,289 | AED 145.62 |
| Oct 24Wed | $1,227.80 | −0.45% | $39.47 | ₹28,904 | AED 144.96 |
| Oct 25Thu | $1,229.10 | +0.11% | $39.52 | ₹28,934 | AED 145.11 |
| Oct 26Fri | $1,232.50 | +0.28% | $39.63 | ₹29,014 | AED 145.51 |
| Oct 29Mon | $1,224.50 | −0.65% | $39.37 | ₹28,788 | AED 144.57 |
| Oct 30Tue | $1,222.60 | −0.16% | $39.31 | ₹28,927 | AED 144.35 |
| Oct 31Wed | $1,212.30 | −0.84% | $38.98 | ₹28,706 | AED 143.13 |
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 2018: FAQ
What was the price of gold in October 2018?
Gold traded between $1,184.40 and $1,233.40 per troy ounce (daily closes) in October 2018, averaging $1,213.97. It closed the month at $1,212.30.
How much did gold go up in October 2018?
Gold rose 1.7%, from $1,191.50 to $1,212.30. The biggest daily rise was +2.9% on October 11, 2018 and the biggest fall −1.4% on October 8, 2018.
What was the gold price on October 1, 2018?
Gold closed at $1,187.10 per troy ounce on October 1, 2018, the first trading day of the month. 24K India, ₹ per 10 g: ₹27,672.
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 2018?
Gold rose 2.7% in Indian rupee terms in October 2018, compared with +1.7% in US dollars.
Did gold beat stocks in October 2018?
Yes. Gold was +1.7% for the month, against −6.8% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2018?
US consumer prices (CPI) changed +0.18% in October, so gold's real (inflation-adjusted) change was about +1.6%.