Gold Price Today, October 19, 2026: Gold Flat Near $4,163 as Yields Ease

Gold is essentially flat today at $4,163 an ounce, up $2.22, or 0.05%, from the previous close of $4,161. Over the past week it has gained just 0.07%, and it remains down 3.21% over the past month and 4.09% year to date. Silver is livelier, up 1.22% to $57.50.

Why gold moved

On paper, the macro backdrop should have helped gold more than it did. The 10-year Treasury yield fell to 5.10% as of October 15, down from 5.28% a week earlier. The 10-year real yield, measured by TIPS, slipped to 2.78% from 2.92%. Lower real yields reduce the cost of holding a metal that pays no interest, which usually supports gold.

That support was largely offset elsewhere. The broad trade-weighted dollar index rose to 121.60 from 121.38, although that reading dates from October 9. A firmer dollar makes gold more expensive for buyers outside the U.S. Inflation expectations offered no help either: the 10-year breakeven rate held steady at 2.35%.

The Fed is not adding pressure in either direction. The effective fed funds rate is unchanged at 3.88%.

Speculators have been trimming exposure. CFTC data for the week ending October 13 show managed-money funds holding a net long of 107,089 contracts, down 3,898 from the prior week. That is still a sizable bullish position, but it is moving in the wrong direction for bulls.

On the news side, the Syrian state news agency SANA reported that global bullion gained on lower oil prices. Beyond that, today's headlines offer no clear catalyst, so the honest summary is a market waiting for its next signal. For a broader look at the forces involved, see why gold is moving.

What it means for buyers and sellers

A flat day means today's quotes should look much like yesterday's. Pure 24K gold is worth about $133.71 per gram. Karat values work out as follows:

• 22K: $122.69 per gram
• 18K: $100.38 per gram
• 14K: $78.30 per gram
• 10K: $55.81 per gram

If you are selling jewelry, most American pieces are 14K or 10K. Weigh them in grams and compare any offer with the melt values on our 14K gold price per gram page. Buyers pay below melt to cover refining and margin, so treat melt value as a ceiling rather than a target. Our guide on how to sell gold covers how to compare offers.

Coin buyers should keep the bigger picture in view. Gold is down 1.71% over the past year and sits well below its 52-week high of $5,405. Dealer premiums on products like the American Gold Eagle are added on top of spot, so compare the total price per ounce rather than the sticker price.

Silver's 1.22% bounce today follows a 13.42% drop over the past month. The gold-silver ratio stands at 72.4, meaning an ounce of gold buys about 72 ounces of silver.

What to watch

It is a light week for U.S. data, with no Fed decision on the calendar. The releases below can still move yields and the dollar.

• Thursday, October 22, 8:30 a.m. ET: Unemployment Claims. The forecast is 200K, versus 199K previously. A surprise jump could push yields lower.
• Friday, October 23, 9:45 a.m. ET: Flash Manufacturing and Services PMIs. The forecasts are 55.5 for manufacturing (previously 57.0) and 58.0 for services (previously 58.7). Both readings are expected to soften.
• Friday, October 23, 10:00 a.m. ET: Revised University of Michigan Consumer Sentiment and Inflation Expectations. Sentiment is forecast at 46.3, unchanged from the prior reading. Inflation expectations previously came in at 4.7%.

The inflation expectations figure deserves the closest look. It speaks directly to the real-yield story that has failed to lift gold so far.

Prices at publication