Gold Price in 2020
In 2020, the price of gold averaged $1,770 per troy ounce, up 27.1% from the year before. This page covers the 2020 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2020 Average
$1,770
LBMA annual average, USD/oz
Change vs 2019
+27.1%
from $1,393 in 2019
2020 High
$2,075
from daily trading data
2020 Low
$1,451
from daily trading data
Year-End Close
$1,898
last trading day of 2020
Gold Price Chart, 2005 to 2025
Gold Price by Month in 2020
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2020 | $1,562 | $1,611 | $1,517 |
| February 2020 | $1,596 | $1,689 | $1,548 |
| March 2020 | $1,593 | $1,703 | $1,451 |
| April 2020 | $1,686 | $1,748 | $1,573 |
| May 2020 | $1,718 | $1,765 | $1,671 |
| June 2020 | $1,736 | $1,786 | $1,670 |
| July 2020 | $1,846 | $1,983 | $1,758 |
| August 2020 | $1,970 | $2,075 | $1,863 |
| September 2020 | $1,923 | $1,993 | $1,849 |
| October 2020 | $1,900 | $1,933 | $1,860 |
| November 2020 | $1,866 | $1,966 | $1,765 |
| December 2020 | $1,860 | $1,907 | $1,776 |
What happened to the gold price in 2020
Gold averaged $1,770 per troy ounce in 2020, climbing 27.1% from the $1,393 average of 2019. Daily trading data shows gold moved between a low of $1,451 and a high of $2,075 during the year, ending 2020 at $1,898. The notable development of 2020: COVID-19 pandemic; gold tops $2,075.
The 2020s have been gold's strongest decade since the 1970s. Pandemic stimulus, the worst inflation in four decades, and record central bank buying produced a series of new all-time highs.
Adjusted for inflation, gold's 2020 average of $1,770 equals about $2,204 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2020?
What is a 2020 gold price worth in today's dollars?
What moved the gold price in 2020?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.