Gold opens at $4,188.10 and silver gains 2.56% on Kitco
All four precious metals opened higher against the paper's prior printed marks on Friday, with platinum up the most in percentage terms. CNBC's independent feed agrees on direction on every metal.
By The Prices Desk
What changed
All four metals opened up. Gold opened at $4,188.10 on Kitco's bid, up 1.63% on the prior printed mark. Silver, platinum and palladium rose with it, platinum most at 2.68%.
What it means
- If you quote metal daily: Platinum is the number. A 2.68% session on a metal with a $10 published spread is a move the spread cannot explain.
- If you hedge: Two boards agreeing on direction and disagreeing on magnitude is the normal morning. Fix the baseline before the percentage.
- If you price lab-grown goods: The one-carat reference eased to $666 from $669. Two sessions down is not a trend, and none is called here.
- What this is not: A settlement or an intraday high. These are the 05:00 ET opening marks the tape carries, filed as an intraday snapshot well before the United States day session.
Key figures
| Gold spot, Kitco bid+$67.10, +1.63% on the prior printed mark | $4,188.10 |
|---|---|
| Silver spot, Kitco bid+2.56% | $60.26 |
| Platinum spot, Kitco bid+2.68%, the largest move | $1,686.00 |
| Lab-grown 1.00ct referencefrom $669, second session lower | $666 |
Source: Kitco bid at the tape's 05:00 ET opening mark, 9 October 2026, against the marks last printed here on 8 October 2026
Four metals, one direction
Gold forty-one eighty-eight. Gold opened at $4,188.10 an ounce on Kitco's bid, up $67.10 on the prior printed mark of $4,121.00.
One point six three. That is a 1.63% move. Platinum opened at $1,686.00, up 2.68%, the largest percentage gain of the four.
Silver and palladium. Silver rose 2.56% and palladium 2.24%. All four metals moved in the same direction, which makes this a broad rally rather than one metal moving alone.
| Metal | Open (Kitco bid) | Change vs our prior mark | Change vs CNBC prev close |
|---|---|---|---|
| Gold | $4,188.10 | +1.63% (from $4,121.00) | +1.31% (from $4,133.93) |
| Silver | $60.26 | +2.56% (from $58.757) | +1.55% (from $59.3425) |
| Platinum | $1,686.00 | +2.68% (from $1,642.00) | +3.17% (from $1,634.25) |
| Palladium | $1,139.00 | +2.24% (from $1,114.00) | +1.42% (from $1,123.0633) |
Notes on this table
The two change columns are not alternatives and neither is wrong. The left column runs off the last mark printed here, which is what the One-Price Rule requires and what the tape carries. The right column runs off CNBC's own previous-close field for the same instrument and is Carat Capital's own division, shown so the two cannot be confused: for gold, 4,188.10 divided by 4,133.93 gives 1.0131, which is 1.31% above. Direction agrees on all four metals on both baselines. The RapNet 1.00ct index reads 3,903.82 for 8 October, down 2.19 on the 3,906.01 last printed here; Zimnisky's rough index stays paywalled with no citable figure.
The baseline changes it
Prior mark, not settlement. Every change above runs off the last mark printed here, not off an exchange settlement. That mark is carried from the tape file of 8 October 2026.
CNBC closes differ. Against CNBC's own previous closes the same opening prices give 1.31% on gold and 1.55% on silver.
Platinum widest there. On that baseline platinum gives 3.17% and palladium 1.42%. Direction agrees on all four metals on both baselines.
Two lasts outside the band
Gold fifty-three cents. CNBC's gold last of $4,187.57 sits $0.53 below Kitco's bid, 0.0127% outside Kitco's own bid-ask band.
Platinum two dollars. CNBC's platinum last of $1,683.95 sits $2.05 below Kitco's bid, 0.1216% outside the band. Silver and palladium sit inside theirs.
Diamonds on the same tape
Six sixty-six. The lab-grown one-carat reference eased to $666 from $669 on CaratRadar, a second consecutive session lower.
Listings and index. The same page carried 924,229 active listings and a market price index of $1,473.
RAPI lags a session. The RapNet Diamond Index for one-carat goods reads 3,903.82 dated 8 October, down 2.19 on the level last printed here.
What to watch
- Later on 9 October 2026Whether the United States day session holds the opening marks or gives them back, and where the metals settle.
- Monday 12 October 2026The next scheduled refresh of the retail price lists on caratcapital.org, last dated 5 October.
- Each sessionWhether the lab-grown 1.00-carat reference makes a third consecutive move down, which would be the first sign of a trend.
The story so far
Go deeper
What would change this call
A day session that gives back the opening gains, which would make this a story about an early bid rather than about a metals rally. An opening mark is the weakest price evidence in a trading day, and the tape files it as an intraday snapshot for exactly that reason.
Why the baseline matters more than the move
A percentage change is two numbers, and only one of them is the price. The denominator is a prior close, and different boards keep different ones: a spot aggregator's prior mark, an exchange settlement, and a quote vendor's previous-close field are three distinct series that can disagree by several dollars on the same metal on the same morning. This paper's rule is that the denominator is always its own last printed mark, looked up from the dated tape file rather than derived, so that a change the paper prints is a change against something a reader can find in the paper. That makes the paper internally consistent and it makes the paper's percentages not directly comparable with a vendor's. Both baselines are therefore printed side by side here. The bid-ask band is the second thing to hold onto: a quote from one board sitting slightly below another board's bid is a spread artefact, not a disagreement about the price, and the only honest treatment is to state the gap in dollars and as a share rather than to pick a winner.
Method
Under the One-Price Rule this edition prints the tape's 05:00 ET opening mark as filed. No metals story leads this edition, so no press-time re-read was performed and no write-back to the tape was required; the 05:00 mark stands and prints as-is, and newsroom/tape/2026-10-09.json and newsroom/tape/latest.json were checked to agree before publication, gold 4188.1 in both - MATCH. The prices themselves were read by the prices desk from Kitco's board, 197,082 bytes, HTTP 200, with its embedded originalTime fields reading 2026-10-09T04:58:57.52Z, .55Z and .577Z for gold, silver and platinum and 04:57:57.64Z for palladium - fractions of a second apart, which is a live ticking board rather than a stale close. The second board was CNBC's quote endpoint for XAU=, XAG=, XPT= and XPD=, 3,334 bytes, HTTP 200, whose curmktstatus field read REG_MKT on all four. MARKET STATE READ OFF THE BOARD, not from a calendar: both boards were live and ticking this morning and no closure is claimed. Prior marks were looked up and never derived: tools/prev-mark.py was run against newsroom/tape/2026-10-08.json and returned gold 4121.0, silver 58.757, platinum 1642.0, palladium 1114.0, labgrown 669 and RAPI 3906.01, and every prior figure printed here is copied from that output. The CNBC-baseline column is Carat Capital's own division from CNBC's own previous_day_closing fields and is shown with its arithmetic. The lab-grown figure was read from CaratRadar's raw bytes, 116,848 bytes, HTTP 200, whose own sentence reads 'a 1ct average of $666'; raw-byte greps on the saved file returned 3 hits for '$666', 3 for '924,229' and 3 for '$1,473'. RAPI came from tools/rapi_fetch.py, whose newest daily point is 3,903.82 dated 2026-10-08; the source's own prior point for 7 October now reads 3,906.16 rather than the 3,906.01 this paper printed, so the two day-over-day reads differ and are reported separately rather than blended. Zimnisky was re-knocked at 137,286 bytes, HTTP 200, and its text searched for any dollar or percentage figure with zero hits, so the rough index stays paywalled rather than unreachable. Builder-literal check run before this edition built: no reader-facing figure is a quoted literal in build.py.
Sources
- Kitco precious metals price board, bid and ask 9 October 2026
- CNBC quote feed, XAU= XAG= XPT= XPD=, last and previous close 9 October 2026
- CaratRadar lab-grown diamond price page, 1.00ct average 9 October 2026
- Rapaport Diamond Price Index, RAPI 1.00ct daily series 8 October 2026
- Carat Capital, Silver sheds 2.12% to $58.757 as gold and platinum gain, 8 October 2026 (the prior marks this article runs its changes off) 8 October 2026