Gold sheds $61.60 to $4,254.50, silver and platinum fall further
Silver lost 2.45% and platinum 2.41% on the Kitco bid at 06:04 ET, against Wednesday's marks. London's newest fixes, dated 23 September, moved the same way on all four metals.
By The Metals Desk
What changed
All four metals fall. Spot gold read $4,254.50 an ounce at press time, $61.60 below its 23 September mark. Silver, platinum and palladium each fell too, and the first two fell further in percentage terms.
What it means
- If you buy metal this week: Gold is $61.60 cheaper than Wednesday's mark, silver $1.596 cheaper and platinum $43.00.
- If you price jewellery in gold: A 1.43% move trims a gram cost, not a ticket. The session range on gold was $53.90.
- What this is not: A trend. One press-time tick against one prior mark, with no weekly direction claimed.
Key figures
| Gold spot−$61.60, −1.43% | $4,254.50 |
|---|---|
| Silver spot−$1.596, −2.45% | $63.578 |
| Platinum spot−$43.00, −2.41% | $1,743.00 |
| Palladium spot−$24.00, −1.90% | $1,240.00 |
Source: Kitco board, bid basis, read at press time 06:04 ET 24 September 2026 · change measured against the 23 September marks
Silver and platinum lead the fall
Two metals fell hardest. Silver lost 2.45% and platinum 2.41%. Gold's 1.43% was the smallest percentage move on the board.
The range was wide. Gold's session high and low on the same board were $4,304.10 and $4,250.20, a range of $53.90, close to the net move.
| Metal | 23 Sep | 24 Sep | Change | % |
|---|---|---|---|---|
| Gold | 4,316.10 | 4,254.50 | −61.60 | −1.43% |
| Silver | 65.174 | 63.578 | −1.596 | −2.45% |
| Platinum | 1,786.00 | 1,743.00 | −43.00 | −2.41% |
| Palladium | 1,264.00 | 1,240.00 | −24.00 | −1.90% |
Notes on this table
Basis. every figure is the bid on Kitco's own embedded price data, the convention the tape has carried since 31 August 2026. The ask at the same tick read 4,256.50 on gold, 63.828 on silver, 1,753.00 on platinum and 1,280.00 on palladium.
The arithmetic. each percentage is Carat Capital's own division of the change by the 23 September mark, shown so it can be checked: 61.60/4,316.10 = 1.4272%; 1.596/65.174 = 2.4488%; 43.00/1,786.00 = 2.4076%; 24.00/1,264.00 = 1.8987%.
Second door. CNBC's four spot quotes, stamped 06:04:00 ET, the same minute: gold 4,255.84, silver 63.62, platinum 1,745.74, palladium 1,257.65. Compared against Kitco's own mid rather than its bid, because CNBC publishes a single composite last price and not a bid/ask pair: +0.008%, −0.130%, −0.129%, −0.187%. All four agree within rounding and no divergence is disclosed.
No market-state claim. nothing here says the session was open, closed or thin; the live tick and the session range are the only evidence offered that the cells are not frozen.
London fixed lower on Wednesday
The fix moved first. LBMA's newest published fixes are all dated 23 September: gold $4,284.45, silver $65.185. No 24 September fix exists yet.
Platinum fell most there. London's platinum PM fix dropped to $1,768.10 from $1,814.10. Palladium's PM fix fell 3.45%, the largest of the four London moves.
The ask sits above the bid
Two prices exist. At the same tick the ask read $4,256.50 on gold and $63.828 on silver, above the bid printed here.
A second board agrees. CNBC's spot quotes, stamped the same minute, read $4,255.84 on gold and $63.62 on silver, within 0.13% of Kitco's own mid.
What to watch
- 24 September 2026LBMA's London fixes, struck at 10:30 and 15:00 London, the first benchmark set after this reading.
- Each 05:00 ETThe tape's opening mark, against which the next session's change is measured.
- ~20 October 2026Swiss customs monthly gold trade figures, the next dated flow reading on the metal.
The story so far
Go deeper
What would change this call
A later tick. Spot metal moves through the session and this is one press-time reading; any tick that crosses back above the 23 September marks would contradict the direction printed here. The London fixes cited are Wednesday's, so they can confirm Wednesday's direction and cannot confirm this session's.
Bid, ask and fix are three different numbers
A screen bid is what a dealer will pay, a screen ask is what a dealer will sell at, and the difference between them is the spread rather than a disagreement. A London fix is a third thing again: an auction-determined benchmark struck at a set hour and published once, which is why it can sit a long way from a screen price taken at another moment. This tape quotes the bid, and has done since 31 August 2026, so that every comparison across sessions is like for like. Comparing a fix with a screen quote, or a bid with an ask, produces a divergence that is arithmetic rather than news.
Method
Kitco's board was fetched at press time and read out of the page's own embedded __NEXT_DATA__ blob rather than off the rendered page, bid quoted; the response was 198,012 bytes and every metal carried its own originalTime of 2026-09-24T06:04:00Z. That Z stamp is the ET wall clock mislabelled, which CNBC's independent 2026-09-24T06:04:00-0400 stamp on the same tick settles. The 05:00 tape had filed gold 4,260.50, silver 63.561, platinum 1,743.00 and palladium 1,245.00; three of those four differed at press time, so under the One-Price Rule all four were written back to the dated tape file and to latest.json in the same step, and the two files were compared afterwards on every metal and match. The figures printed here are the written-back ones. Prior marks were not reversed out of any change field: they are the 23 September tape's own archived values, gold 4,316.10, silver 65.174, platinum 1,786.00, palladium 1,264.00. The second door was CNBC's quote service for XAU=, XAG=, XPT= and XPD=, read at the same minute; its single composite last price is compared against Kitco's mid rather than its bid, because comparing a composite against one side of a bid/ask pair would manufacture a gap. All four LBMA feeds were fetched directly and separately, not through a summariser: gold_pm.json 914,923 bytes, silver.json 898,205, platinum_pm.json 557,005, palladium_pm.json 553,948. Each one was opened and searched for its own newest point, and all four carry 2026-09-23 and nothing later, which is the basis for the sentence that no 24 September fix exists yet. The two London percentages quoted are this desk's own divisions from those same feeds: 1,272.25/1,317.65 gives 96.554% of the prior fix, so 3.446% below it, printed as 3.45%. No market condition is claimed anywhere in this article.
Sources
- Precious metals live board, Kitco (press-time re-read, bid basis)
- Spot metal quotes XAU=, XAG=, XPT=, XPD=, CNBC
- LBMA gold price PM, 23 September 2026 fix (4,284.45) 23 September 2026
- LBMA silver price, 23 September 2026 fix (65.185) 23 September 2026
- LBMA platinum price PM, 23 September 2026 fix (1,768.10) 23 September 2026
- LBMA palladium price PM, 23 September 2026 fix (1,272.25) 23 September 2026