Gold in 2020 at a glance
| Average price per ounce | $1,770 |
| Average price per gram | $56.91 |
| Approx. low / high | $1,470 / $2,070 |
| Change vs previous year (average) | +27.1% |
| Average silver price | $20.50 |
| Gold/silver ratio | 86 |
| Change from 2020 average to today | — |
What moved gold in 2020
The pandemic, near-zero rates and huge stimulus sent gold to a then-record above $2,000 in August.
An investor who bought one ounce at the 2020 average of $1,770 would hold metal worth — today — a change of —. Annual averages smooth out daily swings, so the price on any single day of 2020 could have been up to $300 higher or $300 lower than the average.
Figures are rounded approximations based on LBMA daily prices, for context only.
Gold price 2020 – FAQ
What was the average gold price in 2020?
The average gold price in 2020 was about $1,770 per troy ounce, or roughly $56.91 per gram, based on rounded LBMA daily fixes.
What were the highest and lowest gold prices in 2020?
Gold traded between roughly $1,470 and $2,070 per ounce during 2020.
Did gold go up in 2020?
On an annual-average basis gold was up about 27.1% in 2020 compared with 2019 ($1,393).
What happened to gold in 2020?
The pandemic, near-zero rates and huge stimulus sent gold to a then-record above $2,000 in August.
How much was 10 grams of 24k gold in 2020?
At the 2020 average, 10 grams of pure gold were worth about $569 in US dollars, and 10 grams of 22k gold about $521.