Gold Price in 2023
Gold averaged $1,954.52 an ounce in 2023, ranging from $1,817.10 to $2,093.10, and ended the year up 13.4% at $2,071.80. The highest close was $2,093.10 on December 27, 2023 and the lowest $1,817.10 on February 24, 2023; the year started from $1,826.20, the close at the end of 2022. Today's price is 87.1% above the 2023 close.
Gold price chart, 2023
USD per troy ounce · daily closeMonthly Gold Prices in 2023
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $1,929.50 | $1,942.60 | $1,840.60 | +5.7% |
| February | $1,836.70 | $1,942.80 | $1,817.10 | −4.8% |
| March | $1,969.00 | $1,995.90 | $1,818.60 | +7.2% |
| April | $1,999.10 | $2,055.30 | $1,990.50 | +1.5% |
| May | $1,963.90 | $2,055.70 | $1,943.70 | −1.8% |
| June | $1,929.40 | $1,995.50 | $1,917.90 | −1.8% |
| July | $1,970.50 | $1,980.80 | $1,915.40 | +2.1% |
| August | $1,965.90 | $1,978.80 | $1,915.20 | −0.2% |
| September | $1,866.10 | $1,967.10 | $1,866.10 | −5.1% |
| October | $1,994.30 | $2,005.60 | $1,831.80 | +6.9% |
| November | $2,038.10 | $2,047.10 | $1,937.70 | +2.2% |
| December | $2,071.80 | $2,093.10 | $1,993.20 | +1.7% |
Gold in 2023 at a Glance
- Gold rose 13.4% in US dollars. In TRY terms it rose 79.1%, and in CHF terms it rose 3.7% — the difference comes from currency moves.
- It did better than Silver (0.0%).
- It did worse than Bitcoin (+155.4%) and S&P 500 (with dividends) (+26.3%).
- After US inflation of 3.4%, the real change was +9.8%.
- It set 2 record closing highs (London price, records since 1968), the last on 27 Dec.
- In the futures market, managed money (speculators) went from net long 50,877 to net long 106,454 contracts.
Key Events in 2023
What happened, and how gold moved that day (or the next trading day) and about a month later.
- Friday, March 10Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. SourceGold: +1.8% that day · +9.2% a month later
- Sunday, March 19UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. SourceGold: +0.5% next trading day (Mar 20) · +2.3% a month later
- Saturday, October 7Hamas launches attacks on Israel, starting the Gaza war. SourceGold: +1.0% next trading day (Oct 9) · +7.8% a month later
Gold in 2023: records, milestones and the London price chart →
Gold in other currencies, 2023
| Currency | Change |
|---|---|
| TRY | +79.1% |
| EGP | +41.7% |
| PKR | +41.3% |
| ZAR | +24.5% |
| JPY | +20.7% |
| CNY | +15.8% |
| INR | +12.7% |
| AUD | +12.4% |
| CAD | +10.8% |
| EUR | +9.3% |
| GBP | +7.4% |
| CHF | +3.7% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes gold rise more in local terms.
Gold vs other assets, 2023
| Asset | Change (USD) |
|---|---|
| Silver | 0.0% |
| Bitcoin | +155.4% |
| S&P 500 (with dividends) | +26.3% |
| US inflation (CPI) | +3.4% |
Gold Price on Festivals in 2023
| Festival | Date | Price |
|---|---|---|
| Chinese New Year | Sun 22 Jan | ¥420.05 24K ¥/g |
| Gudi Padwa | Wed 22 Mar | ₹51,823 24K ₹/10 g |
| Eid al-Fitr | Fri 21 Apr | AED 234.95 24K AED/g |
| Akshaya Tritiya | Sat 22 Apr | ₹52,567 24K ₹/10 g |
| Eid al-Adha | Wed 28 Jun | AED 226.92 24K AED/g |
| Navratri | Sun 15 Oct | ₹51,973 24K ₹/10 g |
| Dussehra | Tue 24 Oct | ₹52,992 24K ₹/10 g |
| Dhanteras | Fri 10 Nov | ₹51,907 24K ₹/10 g |
| Diwali | Sun 12 Nov | ₹51,907 24K ₹/10 g |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 106,454 contracts on 26 Dec 2023, against net long 50,877 a year earlier. COT report →
Gold in 2023: FAQ
What was the price of gold in 2023?
Gold traded between $1,817.10 and $2,093.10 per troy ounce in 2023 (daily closes), averaging $1,954.52. It closed the year at $2,071.80.
How much did gold go up in 2023?
Gold rose 13.4% in 2023, from $1,826.20 to $2,071.80 per ounce.
What was the highest gold price in 2023?
The highest daily close in 2023 was $2,093.10 per troy ounce on December 27, 2023.
What was the best month for gold in 2023?
March (+7.2%). The weakest was September (−5.1%).
How much did gold rise in rupees in 2023?
Gold rose 12.7% in Indian rupee terms in 2023, compared with +13.4% in US dollars.
Did gold beat the stock market in 2023?
No. Gold was +13.4% for the year, against +26.3% for the S&P 500 with dividends reinvested.
What was the biggest event for gold in 2023?
Of the key events listed on this page, the biggest one-day reaction was on 10 March: Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Gold moved +1.8% that day.
Daily closing prices of COMEX front-month gold futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV or get any year from the free gold price API (free to use with a link to this site).
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpricein2023, author = {{Corgano}}, title = {Gold Price in 2023}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2023}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}