Gold Price in August 2020
In August 2020, gold rose 0.8%, from $1,962.80 at the end of July to $1,978.60 per troy ounce on August 31, 2020. The highest close was $2,069.40 on August 6, 2020, the lowest $1,923.10 on August 25, 2020, and the average over 21 trading days was $1,979.30. Today's price is 108.8% higher than the August 2020 close.
Gold price chart, August 2020
US dollars per troy ounce · daily closeDaily Gold Prices, August 2020
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 |
|---|---|---|---|---|---|
| Aug 3Mon | $1,966.00 | +0.16% | $63.21 | ₹47,354 | AED 232.09 |
| Aug 4Tue | $2,021.00 | +2.80% | $64.98 | ₹48,947 | AED 238.61 |
| Aug 5Wed | $2,049.30 | +1.40% | $65.89 | ₹49,580 | AED 241.95 |
| Aug 6Thu | $2,069.40 | +0.98% | $66.53 | ₹49,821 | AED 244.29 |
| Aug 7Fri | $2,028.00 | −2.00% | $65.20 | ₹48,836 | AED 239.43 |
| Aug 10Mon | $2,039.70 | +0.58% | $65.58 | ₹49,200 | AED 240.78 |
| Aug 11Tue | $1,946.30 | −4.58% | $62.57 | ₹46,994 | AED 229.79 |
| Aug 12Wed | $1,949.00 | +0.14% | $62.66 | ₹46,934 | AED 230.11 |
| Aug 13Thu | $1,970.40 | +1.10% | $63.35 | ₹47,368 | AED 232.63 |
| Aug 14Fri | $1,949.80 | −1.05% | $62.69 | ₹47,034 | AED 230.20 |
| Aug 17Mon | $1,998.70 | +2.51% | $64.26 | ₹48,132 | AED 235.95 |
| Aug 18Tue | $2,013.10 | +0.72% | $64.72 | ₹48,542 | AED 237.73 |
| Aug 19Wed | $1,970.30 | −2.13% | $63.35 | ₹47,380 | AED 232.61 |
| Aug 20Thu | $1,946.50 | −1.21% | $62.58 | ₹46,915 | AED 229.81 |
| Aug 21Fri | $1,947.00 | +0.03% | $62.60 | ₹46,948 | AED 229.87 |
| Aug 24Mon | $1,939.20 | −0.40% | $62.35 | ₹46,711 | AED 228.97 |
| Aug 25Tue | $1,923.10 | −0.83% | $61.83 | ₹46,001 | AED 227.05 |
| Aug 26Wed | $1,952.50 | +1.53% | $62.77 | ₹46,737 | AED 230.52 |
| Aug 27Thu | $1,932.60 | −1.02% | $62.13 | ₹46,129 | AED 228.17 |
| Aug 28Fri | $1,974.90 | +2.19% | $63.49 | ₹46,843 | AED 233.16 |
| Aug 31Mon | $1,978.60 | +0.19% | $63.61 | ₹46,519 | AED 233.62 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%.
Gold in August 2020: FAQ
What was the price of gold in August 2020?
Gold traded between $1,923.10 and $2,069.40 per troy ounce (daily closes) in August 2020, averaging $1,979.30. It closed the month at $1,978.60.
How much did gold go up in August 2020?
Gold rose 0.8%, from $1,962.80 to $1,978.60. The biggest daily rise was +2.8% on August 4, 2020 and the biggest fall −4.6% on August 11, 2020.
What was the gold price on August 3, 2020?
Gold closed at $1,966.00 per troy ounce on August 3, 2020, the first trading day of the month. 24K India, ₹ per 10 g: ₹47,354.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.