Gold Price in October 2019
In October 2019, gold rose 3.1%, from $1,465.70 at the end of September to $1,511.40 per troy ounce on October 31, 2019. The highest close was $1,511.40 on October 31, 2019, the lowest $1,477.60 on October 15, 2019, and the average over 23 trading days was $1,493.33. Today's price is 166.3% higher than the October 2019 close.
- Gold rose 3.1% in US dollars in October 2019, leaving it up 18.2% for the year to date.
- Measured in other currencies, the change ranged from −1.7% in GBP to +3.9% in JPY, because exchange rates moved too.
- It did better than US stocks (+2.2%), and worse than silver (+6.6%) and bitcoin (+10.9%).
- It closed higher on 12 trading days and lower on 11, with an average daily move of 0.55%.
- At the end of the month it was 20.0% below its highest close since 2000.
- Gold/silver ratio: 86.7 → 83.9.
Gold price chart, October 2019
US dollars per troy ounce · daily closeGold in other currencies, October 2019
| Currency | Change in the month |
|---|---|
| JPY | +3.9% |
| INR | +3.8% |
| TRY | +3.7% |
| PKR | +3.0% |
| CHF | +2.9% |
| CAD | +2.6% |
| CNY | +2.1% |
| ZAR | +2.1% |
| EGP | +2.0% |
| EUR | +1.2% |
| AUD | +1.1% |
| GBP | −1.7% |
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 2019
| Asset | Change (USD) |
|---|---|
| Gold | +3.1% |
| Silver | +6.6% |
| Bitcoin | +10.9% |
| S&P 500 (with dividends) | +2.2% |
| US inflation (CPI, month) | +0.23% |
| Gold, year to date (end of October) | +18.2% |
| Gold/silver ratio | 86.7 → 83.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, October 2019
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 1Tue | $1,482.00 | +1.11% | $47.65 | ₹33,793 | AED 174.96 |
| Oct 2Wed | $1,501.00 | +1.28% | $48.26 | ₹34,312 | AED 177.21 |
| Oct 3Thu | $1,507.10 | +0.41% | $48.45 | ₹34,471 | AED 177.93 |
| Oct 4Fri | $1,506.20 | −0.06% | $48.43 | ₹34,392 | AED 177.83 |
| Oct 7Mon | $1,497.70 | −0.56% | $48.15 | ₹34,099 | AED 176.84 |
| Oct 8Tue | $1,497.20 | −0.03% | $48.14 | ₹34,350 | AED 176.77 |
| Oct 9Wed | $1,506.10 | +0.59% | $48.42 | ₹34,481 | AED 177.82 |
| Oct 10Thu | $1,494.80 | −0.75% | $48.06 | ₹34,319 | AED 176.48 |
| Oct 11Fri | $1,482.70 | −0.81% | $47.67 | ₹33,836 | AED 175.05 |
| Oct 14Mon | $1,491.70 | +0.61% | $47.96 | ₹34,010 | AED 176.14 |
| Oct 15Tue | $1,477.60 | −0.95% | $47.51 | ₹33,944 | AED 174.45 |
| Oct 16Wed | $1,488.00 | +0.70% | $47.84 | ₹34,330 | AED 175.68 |
| Oct 17Thu | $1,492.30 | +0.29% | $47.98 | ₹34,362 | AED 176.19 |
| Oct 18Fri | $1,488.20 | −0.27% | $47.85 | ₹34,173 | AED 175.70 |
| Oct 21Mon | $1,482.40 | −0.39% | $47.66 | ₹33,853 | AED 175.04 |
| Oct 22Tue | $1,481.70 | −0.05% | $47.64 | ₹33,873 | AED 174.94 |
| Oct 23Wed | $1,489.90 | +0.55% | $47.90 | ₹34,046 | AED 175.90 |
| Oct 24Thu | $1,498.90 | +0.60% | $48.19 | ₹34,078 | AED 176.96 |
| Oct 25Fri | $1,499.50 | +0.04% | $48.21 | ₹34,321 | AED 177.02 |
| Oct 28Mon | $1,490.00 | −0.63% | $47.90 | ₹33,931 | AED 175.93 |
| Oct 29Tue | $1,487.00 | −0.20% | $47.81 | ₹33,817 | AED 175.55 |
| Oct 30Wed | $1,493.20 | +0.42% | $48.01 | ₹34,030 | AED 176.28 |
| Oct 31Thu | $1,511.40 | +1.22% | $48.59 | ₹34,496 | AED 178.43 |
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 2019: FAQ
What was the price of gold in October 2019?
Gold traded between $1,477.60 and $1,511.40 per troy ounce (daily closes) in October 2019, averaging $1,493.33. It closed the month at $1,511.40.
How much did gold go up in October 2019?
Gold rose 3.1%, from $1,465.70 to $1,511.40. The biggest daily rise was +1.3% on October 2, 2019 and the biggest fall −0.9% on October 15, 2019.
What was the gold price on October 1, 2019?
Gold closed at $1,482.00 per troy ounce on October 1, 2019, the first trading day of the month. 24K India, ₹ per 10 g: ₹33,793.
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 2019?
Gold rose 3.8% in Indian rupee terms in October 2019, compared with +3.1% in US dollars.
Did gold beat stocks in October 2019?
Yes. Gold was +3.1% for the month, against +2.2% for the S&P 500 with dividends.
Did gold keep up with inflation in October 2019?
US consumer prices (CPI) changed +0.23% in October, so gold's real (inflation-adjusted) change was about +2.9%.