Gold price in 2020: open, high, low, close
Gold averaged $1,776.81 an ounce in 2020, moving between $1,477.30 and $2,069.40. Month-by-month figures, the year's change and the inflation-adjusted value, from public data.
Gold price in 2020, month by month (US dollars per troy ounce)
| Month | Open | High | Low | Close | London avg |
|---|---|---|---|---|---|
| January | $1,524.50 | $1,583.50 | $1,524.50 | $1,582.90 | $1,561.00 |
| February | $1,577.20 | $1,672.40 | $1,550.40 | $1,564.10 | $1,597.00 |
| March | $1,592.30 | $1,674.50 | $1,477.30 | $1,583.40 | $1,592.00 |
| April | $1,578.20 | $1,756.70 | $1,578.20 | $1,684.20 | $1,683.00 |
| May | $1,694.50 | $1,753.40 | $1,684.20 | $1,751.70 | $1,716.00 |
| June | $1,750.30 | $1,800.50 | $1,683.00 | $1,800.50 | $1,732.00 |
| July | $1,779.90 | $1,962.80 | $1,779.90 | $1,962.80 | $1,847.00 |
| August | $1,966.00 | $2,069.40 | $1,923.10 | $1,978.60 | $1,969.00 |
| September | $1,978.90 | $1,978.90 | $1,866.30 | $1,895.50 | $1,922.00 |
| October | $1,916.30 | $1,929.50 | $1,868.00 | $1,879.90 | $1,900.00 |
| November | $1,892.50 | $1,951.70 | $1,775.70 | $1,775.70 | $1,866.00 |
| December | $1,814.10 | $1,895.10 | $1,814.10 | $1,895.10 | $1,858.00 |
Open, high, low and close are daily COMEX futures settlements; the last column is the monthly average of the London (LBMA) price, which differs slightly from COMEX.
Source: World Bank Commodity Markets (Pink Sheet) monthly London gold prices; COMEX gold futures (GC=F) daily settlements; US CPI (FRED series CPIAUCSL). Data updated ; refreshed automatically about once a day. Figures are indicative and may be revised by the sources.
Gold in 2020: the numbers
In 2020, gold averaged $1,776.81 an ounce, measured by daily COMEX settlement prices. It opened the year at $1,524.50, reached a high of $2,069.40 in August 2020 and a low of $1,477.30 in March 2020, and closed at $1,895.10, a change of +24.7% from the end of 2019. 7 of the 11 month-to-month changes were higher. Adjusted for inflation, the closing price equals about $2,432 in September 2026 dollars.
For context, gold closed 2019 at $1,519.50 and 2021 at $1,828.60 (−3.5% in 2021).
In March 2020 gold first fell with everything else in the COVID-19 liquidation, then rallied as the Federal Reserve cut rates to near zero on 15 March and launched open-ended asset purchases. It set a new record above $2,000 in early August 2020 (London afternoon fix $2,067 on 6 August), its first record since 2011.
How this compares with the whole record
The gold price history page charts every year since 1968 and lists the open, high, low and close of each, and the all-time-high tracker shows every record close. Figures for 2020 use daily COMEX settlement prices; the London price and COMEX futures differ slightly, usually by a few dollars.
Frequently asked questions
What was the gold price in 2020?
Gold averaged $1,776.81 per troy ounce in 2020, measured by daily COMEX settlement prices. It opened the year at $1,524.50 and closed at $1,895.10.
What was the highest gold price in 2020?
The highest daily settlement in 2020 was $2,069.40, in August 2020. Intraday highs were slightly higher.
What was the lowest gold price in 2020?
The lowest daily settlement in 2020 was $1,477.30, in March 2020.
Did gold go up or down in 2020?
Gold up +24.7% in 2020, from $1,519.50 at the end of 2019 to $1,895.10. Adjusted for inflation, that closing price is about $2,432 in September 2026 dollars.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.