Gold & Metals

Gold opens the week $28.80 lower at $4,348.20 an ounce

Silver added half a cent, platinum lost a dollar and palladium lost a dollar. The board's overnight range on gold ran from $4,339.30 to $4,384.30, a swing of $45.

By The Metals Desk

Corrected

What changed

Gold opens lower. Spot gold read $4,348.20 an ounce on Monday morning, $28.80 below its 18 September mark. Silver, platinum and palladium each moved by less than a dollar.

What it means

  • If you buy metal this week: Gold is $28.80 cheaper than Friday's mark. The other three are effectively unchanged.
  • If you price jewellery in gold: A 0.66% move does not reprice a ticket. The overnight range was $45 an ounce.
  • What this is not: A trend. One reading against one prior mark, with no weekly direction claimed.

Key figures

Gold spot-$28.80, -0.66%$4,348.20
Silver spot$66.132
Platinum spot$1,795.00
Palladium spot$1,282.00

Source: Kitco board, bid basis, read 06:04 ET 21 September 2026 · change measured against the 18 September marks

Gold does all the moving

One metal moved. Gold fell $28.80 an ounce, or 0.66%, against its 18 September mark. Nothing else on the board moved by more than a dollar.

The range was wider. The board's session high and low on gold were $4,384.30 and $4,339.30, a range of $45.00, larger than the net move.

The board against Friday's marksKitco, bid basis · 06:04 ET 21 September 2026 against the 18 September marks
Metal18 Sep21 SepChange
Gold4,377.004,348.20-28.80
Silver66.12766.132+0.005
Platinum1,796.001,795.00-1.00
Palladium1,283.001,282.00-1.00
Notes on this table

Basis. every figure is the bid on Kitco's own embedded price data, the convention Carat Capital's tape has carried since 31 August 2026. The ask at the same tick read 4,350.20 on gold, 66.382 on silver, 1,805.00 on platinum and 1,322.00 on palladium.

Carat Capital's arithmetic. the overnight range on gold is a subtraction from the board's own session high and low: 4,384.30 − 4,339.30 = 45.00.

Second door. JM Bullion's four spot pages, stamped 06:07 EDT, publish the ask: gold 4,365.06, silver 67.03, platinum 1,810.30, palladium 1,322.25, each inside the 0.02% to 0.98% band recorded against the Kitco ask on prior sessions. No divergence to disclose.

No market-state claim. the page's raw markup carries both an open and a closed tooltip pre-rendered, so which one is displayed cannot be read out of it. The live sub-second tick and the session range are the evidence the cells are not frozen.

The ask sits above the bid

Two prices exist. At the same tick the ask read $4,350.20 on gold and $66.382 on silver, above the bid printed here.

A second board agrees. JM Bullion's pages, stamped three minutes later, publish the ask: $4,365.06 on gold, 0.34% above Kitco's.

London's last fix is Friday's

The fix lags. LBMA's newest published fixes are dated 18 September, so no London benchmark exists yet for this session.

Gold reads close. Friday's London PM gold fix of $4,348.15 sits five cents under Monday's screen bid, which is coincidence rather than confirmation.

What to watch

  • 22 September 2026LBMA's next London fixes, the first benchmark set after this session.
  • ~20 October 2026Swiss customs monthly gold trade figures, the next dated flow reading on the metal.
  • Each 05:00 ETThe tape's opening mark, against which the next session's change is measured.

The story so far

  1. Silver at $66.835 returns to its 31 August level, gold up $65.00
  2. LBMA's silver fix reaches $67.035, a fix and a screen bid compared not merged

Go deeper

Corrections1 note

Corrected 24 September 2026: this article said "LBMA's newest published fixes are dated 18 September" - a claim covering all four metals - while citing only the London gold feed. The three other LBMA feeds were re-fetched on 24 September and each confirms an 18 September point and no later one before 21 September: silver 67.035, platinum PM 1,793.20, palladium PM 1,315.50. They are now listed in the sources. Every figure was correct as published; only the citation was short.

What would change this call

A second reading at a different hour. Spot metal is a moving number and this one is a single tick; the direction here would be contradicted by any later tick that crosses back above the 18 September mark.

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, not 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. Carat Capital's 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 source's own tick stamps read 2026-09-21T06:04:56.9Z through 06:04:57.03Z; that stamp is the ET wall clock labelled Z, the same offset the tape recorded at its 05:00 filing. Kitco's own change fields agree with the arithmetic against the 18 September marks to the decimal on all four metals: -28.80 and -0.6580% on gold, +0.005 and +0.0076% on silver, -1.00 and -0.0557% on platinum, -1.00 and -0.0779% on palladium. All four readings differed from the 05:00 filing and all four were written back to the dated tape and to the file the dashboard renders in the same step, under the One-Price Rule; the two files were compared afterwards and match on every metal. Two of the four changed sign between those two readings, silver from -$0.112 to +$0.005 and palladium from +$1.00 to -$1.00, which is why the direction on those cells is small and not asserted as a session trend. The second door was JM Bullion's four spot-chart pages, stamped 06:07 EDT, three minutes after the Kitco tick; that source labels its own cells 'Ask' in its markup and its figures track the Kitco ask, as established on 2026-09-16. The four gaps were 0.34%, 0.98%, 0.29% and 0.02%, all inside the band recorded on prior sessions, so no divergence is disclosed and no mark was held. No market condition is claimed: the page carries both an open and a closed tooltip string pre-rendered in its raw HTML, so the displayed state cannot be read out of the bytes, and nothing here says the market was open, closed or thin. The LBMA gold PM series was fetched separately and its newest point is 2026-09-18 at 4,348.15, which is the only London figure printed in the article. At the time of writing only that feed was opened, while the article's sentence about the fixes covered all four metals; the other three feeds were opened on 24 September to close that gap and each carries an 18 September point and nothing later before 21 September - silver 67.035, platinum PM 1,793.20, palladium PM 1,315.50. All four are now cited.

Sources6