Gold Price in April 2023
In April 2023, gold rose 1.2%, from $1,969.00 at the end of March to $1,992.20 per troy ounce on April 30, 2023. The highest close was $2,055.30 on April 12, 2023, the lowest $1,990.50 on April 20, 2023, and the average over 24 trading days was $2,011.89. Today's price is 94.6% higher than the April 2023 close.
Gold ended April higher. What usually happens in May after a higher April →
- Gold rose 1.2% in US dollars in April 2023, leaving it up 9.1% for the year to date.
- Measured in other currencies, the change ranged from −0.9% in CHF to +4.3% in ZAR, because exchange rates moved too.
- It did worse than silver (+3.9%), bitcoin (+2.8%) and US stocks (+1.6%).
- It closed higher on 11 trading days and lower on 9, with an average daily move of 0.62%.
- At the end of the month it was 3.7% below its highest close since 2000.
- Gold/silver ratio: 81.8 → 79.7.
- The biggest reaction to a scheduled US release was to the CPI inflation (March 2023) on 12 April: +1.5% that day.
Gold price chart, April 2023
US dollars per troy ounce · daily closeGold in other currencies, April 2023
| Currency | Change in the month |
|---|---|
| ZAR | +4.3% |
| JPY | +3.6% |
| AUD | +2.8% |
| TRY | +2.6% |
| CNY | +1.8% |
| CAD | +1.5% |
| EGP | +1.3% |
| INR | +0.7% |
| EUR | +0.2% |
| GBP | −0.2% |
| PKR | −0.5% |
| CHF | −0.9% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, April 2023
| Asset | Change (USD) |
|---|---|
| Gold | +1.2% |
| Silver | +3.9% |
| Bitcoin | +2.8% |
| S&P 500 (with dividends) | +1.6% |
| US inflation (CPI, month) | +0.51% |
| Gold, year to date (end of April) | +9.1% |
| Gold/silver ratio | 81.8 → 79.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in April 2023
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 7 Apr | Jobs report (March 2023) | — | — |
| Wed 12 Apr | CPI inflation (March 2023) | — | +1.5% |
Daily Gold Prices, April 2023
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Apr 2Sun | $2,000.40 | +1.59% | $64.31 | ₹52,857 | AED 236.17 |
| Apr 3Mon | $2,038.20 | +1.89% | $65.53 | ₹53,827 | AED 240.61 |
| Apr 4Tue | $2,035.60 | −0.13% | $65.45 | ₹53,741 | AED 240.32 |
| Apr 5Wed | $2,026.40 | −0.45% | $65.15 | ₹53,391 | AED 239.23 |
| Apr 6Thu | $2,026.40 | 0.00% | $65.15 | ₹53,313 | AED 239.21 |
| Apr 9Sun | $2,003.80 | −1.12% | $64.42 | ₹52,753 | AED 236.56 |
| Apr 10Mon | $2,019.00 | +0.76% | $64.91 | ₹53,218 | AED 238.38 |
| Apr 11Tue | $2,024.90 | +0.29% | $65.10 | ₹53,429 | AED 239.04 |
| Apr 12Wed | $2,055.30 | +1.50% | $66.08 | ₹54,159 | AED 242.61 |
| Apr 13Thu | $2,015.80 | −1.92% | $64.81 | ₹52,937 | AED 237.95 |
| Apr 14Fri | $2,015.80 | 0.00% | $64.81 | ₹52,937 | AED 237.95 |
| Apr 16Sun | $2,007.00 | −0.44% | $64.53 | ₹52,812 | AED 236.92 |
| Apr 17Mon | $2,019.70 | +0.63% | $64.93 | ₹53,249 | AED 238.40 |
| Apr 18Tue | $2,007.30 | −0.61% | $64.54 | ₹52,989 | AED 236.94 |
| Apr 19Wed | $2,019.10 | +0.59% | $64.92 | ₹53,452 | AED 238.33 |
| Apr 20Thu | $1,990.50 | −1.42% | $64.00 | ₹52,567 | AED 234.95 |
| Apr 21Fri | $1,990.50 | 0.00% | $64.00 | ₹52,567 | AED 234.95 |
| Apr 23Sun | $1,999.80 | +0.47% | $64.30 | ₹52,757 | AED 236.06 |
| Apr 24Mon | $2,004.50 | +0.24% | $64.45 | ₹52,751 | AED 236.60 |
| Apr 25Tue | $1,996.00 | −0.42% | $64.17 | ₹52,616 | AED 235.60 |
| Apr 26Wed | $1,999.00 | +0.15% | $64.27 | ₹52,551 | AED 235.95 |
| Apr 27Thu | $1,999.10 | +0.01% | $64.27 | ₹52,553 | AED 235.97 |
| Apr 28Fri | $1,999.10 | 0.00% | $64.27 | ₹52,553 | AED 235.97 |
| Apr 30Sun | $1,992.20 | −0.35% | $64.05 | ₹52,358 | AED 235.15 |
How April usually goes for gold
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.3% and a median of +0.8%. Every April since 1971 →
Gold in April 2023: FAQ
What was the price of gold in April 2023?
Gold traded between $1,990.50 and $2,055.30 per troy ounce (daily closes) in April 2023, averaging $2,011.89. It closed the month at $1,992.20.
How much did gold go up in April 2023?
Gold rose 1.2%, from $1,969.00 to $1,992.20. The biggest daily rise was +1.9% on April 3, 2023 and the biggest fall −1.9% on April 13, 2023.
What was the gold price on April 2, 2023?
Gold closed at $2,000.40 per troy ounce on April 2, 2023, the first trading day of the month. 24K India, ₹ per 10 g: ₹52,857.
Is April usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in April 12 times out of 20, with an average move of +1.3% and a median of +0.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in April 2023?
Gold rose 0.7% in Indian rupee terms in April 2023, compared with +1.2% in US dollars.
Did gold beat stocks in April 2023?
No. Gold was +1.2% for the month, against +1.6% for the S&P 500 with dividends.
How did gold react to the Fed and US data in April 2023?
Of 1 scheduled US release this month, the biggest move came after the CPI inflation (March 2023) on 12 April: +1.5%. The full list with each reaction is on this page.
Did gold keep up with inflation in April 2023?
US consumer prices (CPI) changed +0.51% in April, so gold's real (inflation-adjusted) change was about +0.7%.
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{corgano2026goldpriceinapril, author = {{Corgano}}, title = {Gold Price in April 2023}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2023/april}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}