Gold prices averaged USD 4,327 per troy ounce in September, down 2.1% from August. On 30 September, the commodity traded at USD 4,164 per troy ounce, down 6.2% from 31 August.
After a brief rebound in August, average gold prices fell again in September, extending the broader downtrend observed in the five months prior to August. Rising energy prices amid stalled U.S.-Iran peace talks and a tighter U.S. fuel market revived inflation concerns and expectations of tighter U.S. monetary policy, while a stronger U.S. dollar and higher Treasury yields raised gold’s opportunity cost.
This chart displays Gold (US$/toz) from 2024 to 2026.
Gold LBMA (prices in US$/toz, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gold LBMA | - | - | - | - | - | - | - | 2,661 | 2,857 | 3,286 | 3,458 | 4,155 |