Key Takeaways
- October 2026 average: about $4,130, which is also the 30-day average at month-end.
- Highest month: February, at about $5,080. The record of $5,595 came in January.
- Lowest month: July, at about $4,110, narrowly below October.
- Average so far in 2026: about $4,550 across ten months.
- End of October: about $3,880, well below the month's average.
Gold Price by Month, 2026
| Month | Average ($/oz) | Change in Average | Month-End ($/oz) |
|---|---|---|---|
| January 2026 | $4,760 | — | $4,890 |
| February 2026 | $5,080 | +6.7% | $5,280 |
| March 2026 | $4,930 | −3.0% | $4,700 |
| April 2026 | $4,770 | −3.2% | $4,650 |
| May 2026 | $4,620 | −3.1% | $4,550 |
| June 2026 | $4,270 | −7.6% | $4,060 |
| July 2026 | $4,110 | −3.7% | $4,110 |
| August 2026 | $4,430 | +7.8% | $4,470 |
| September 2026 | $4,370 | −1.4% | $4,220 |
| October 2026 | $4,130 | −5.5% | $3,880 |
All figures are rounded to the nearest $10 and should be read as approximate. See how we built this table before using them for anything that needs an exact number.
October 2026: Why the Average Hides the Move
For most of October, gold traded in a narrow band between about $4,130 and $4,225. That band broke in the last days of the month. Gold ended the month near $3,880 after dropping about 3% on October 30, as a stock sell-off met rising oil prices and growing bets on a Federal Reserve hike.
An average responds slowly, so the October figure sits roughly $250 above the final price. If you are comparing a price today with "the 30-day average", remember that it describes where gold has been, not where it is. Check the live gold chart for the current quote, and read why gold is falling for the reasons behind the drop.
30-Day Average vs Monthly Average
A monthly average covers one calendar month. A 30-day average is rolling: each day it adds the newest price and drops the oldest. On the last day of a 30-day or 31-day month the two are nearly the same, which is why October's figures match. In the middle of a month they can differ, especially when the price is moving quickly.
Averages also depend on what is being averaged. Common choices are the LBMA AM price, the LBMA PM price, and the spot closing price. Some series count only weekdays, while others carry the Friday price across the weekend. Any of these can move the result by several dollars, so if a contract or a question specifies a source, use that source.
The Year in Averages
The averages show a year of two halves. Gold set its record on January 29 at $5,595.42 and held above $4,900 on a monthly basis through March. The average then fell for five straight months as the Iran war drove up oil, inflation and rate expectations, reaching a monthly low in July. August brought a sharp rebound of nearly 8%, which faded in September and reversed in October.
For where forecasters think the average goes next, see our Q4 2026 forecast and the 2027 outlook.
How We Built This Table
These figures come from a third-party daily price series that includes weekends, and we round them to the nearest $10. They are not official LBMA averages. As a check, the same series averages about $4,650 for January to July, while the LBMA reported $4,595.75 for that period, so this table may run about 1% high. For September, another series gives $4,325 against our $4,370.
Use this table for context. For contracts, tax or accounting, use the official LBMA data. We will update October if the final figures differ materially.
Frequently Asked Questions
What was the average gold price in October 2026?
About $4,130 per ounce, based on daily closing spot prices. The month opened near $4,190 and ended near $3,880 after a 3% fall on October 30. The official LBMA figure may differ slightly.
What is the 30-day average gold price?
It is the mean of the daily gold price over the last 30 days. At the end of October 2026 it was about $4,130, almost the same as the October calendar-month average, because the two windows nearly overlap.
Why was the average so far above the month-end price?
Gold traded between about $4,130 and $4,225 for most of October and only dropped sharply in the final days. An average moves slowly, so it sat roughly $250 above the closing price.
What is the average gold price for 2026 so far?
About $4,550 across January to October, on this table's figures. The LBMA reported $4,595.75 for January to July alone.
Which price is used for official monthly averages?
Contracts usually reference the LBMA Gold Price, set twice daily in London. Averages built on the AM price, the PM price, or spot closes will differ by a few dollars.
Sources: Goldify daily series; Kitco on the LBMA survey; USAGOLD, October 30.