Gold prices averaged USD 3,667 per troy ounce in September, up 8.9% from August. On 30 September, the commodity traded at USD 3,834 per troy ounce, up 11.4% from 29 August.
Gold average prices soared to new record highs in September, rising for the ninth consecutive month this year. The rally was driven by weaker-than-expected job market figures, which fueled expectations of a Fed rate cut in September. Moreover, fears of a U.S. government shutdown boosted safe-haven demand and provided further impetus for the metal’s ongoing price rally.
This chart displays Gold (US$/toz) from 2023 to 2025.
Gold LBMA (prices in US$/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 | - | - | - | 1,977 | 2,072 | 2,338 | 2,474 | 2,661 | 2,857 | 3,286 | 3,458 | - |