Gold Price in November 2023
In November 2023, gold rose 2.5%, from $1,987.50 at the end of October to $2,038.10 per troy ounce on November 30, 2023. The highest close was $2,047.10 on November 29, 2023, the lowest $1,937.70 on November 10, 2023, and the average over 22 trading days was $1,990.04. Today's price is 90.2% higher than the November 2023 close.
Gold ended November higher. What usually happens in December after a higher November →
- Gold rose 2.5% in US dollars in November 2023, leaving it up 11.6% for the year to date.
- Measured in other currencies, the change ranged from −1.7% in GBP to +5.0% in TRY, because exchange rates moved too.
- It did worse than silver (+11.5%), bitcoin (+8.8%) and US stocks (+9.1%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 0.58%.
- At the end of the month it was 1.5% below its highest close since 2000.
- Gold/silver ratio: 87.6 → 80.6.
- The biggest reaction to a scheduled US release was to the CPI inflation (October 2023) on 14 November: +0.8% that day.
Gold price chart, November 2023
US dollars per troy ounce · daily closeGold in other currencies, November 2023
| Currency | Change in the month |
|---|---|
| TRY | +5.0% |
| PKR | +4.2% |
| EGP | +2.7% |
| INR | +2.6% |
| ZAR | +2.0% |
| JPY | +1.1% |
| CAD | +0.8% |
| CNY | −0.7% |
| CHF | −0.7% |
| EUR | −0.8% |
| AUD | −1.3% |
| GBP | −1.7% |
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, November 2023
| Asset | Change (USD) |
|---|---|
| Gold | +2.5% |
| Silver | +11.5% |
| Bitcoin | +8.8% |
| S&P 500 (with dividends) | +9.1% |
| US inflation (CPI, month) | −0.20% |
| Gold, year to date (end of November) | +11.6% |
| Gold/silver ratio | 87.6 → 80.6 |
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 November 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 |
|---|---|---|---|
| Wed 1 Nov | Fed rate decision | Rates unchanged (5.25–5.50%) | +0.6% |
| Fri 3 Nov | Jobs report (October 2023) | — | 0.0% |
| Tue 14 Nov | CPI inflation (October 2023) | — | +0.8% |
Daily Gold Prices, November 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 |
|---|---|---|---|---|---|
| Nov 1Wed | $1,993.50 | +0.30% | $64.09 | ₹53,374 | AED 235.35 |
| Nov 2Thu | $1,999.20 | +0.29% | $64.28 | ₹54,759 | AED 236.02 |
| Nov 3Fri | $1,999.20 | 0.00% | $64.28 | ₹53,508 | AED 236.02 |
| Nov 6Mon | $1,988.60 | −0.53% | $63.93 | ₹53,167 | AED 234.81 |
| Nov 7Tue | $1,973.50 | −0.76% | $63.45 | ₹52,804 | AED 232.99 |
| Nov 8Wed | $1,957.80 | −0.80% | $62.94 | ₹52,391 | AED 231.19 |
| Nov 9Thu | $1,969.80 | +0.61% | $63.33 | ₹52,702 | AED 232.55 |
| Nov 10Fri | $1,937.70 | −1.63% | $62.30 | ₹51,907 | AED 228.76 |
| Nov 13Mon | $1,950.20 | +0.65% | $62.70 | ₹52,229 | AED 230.27 |
| Nov 14Tue | $1,966.50 | +0.84% | $63.22 | ₹52,601 | AED 232.16 |
| Nov 15Wed | $1,964.30 | −0.11% | $63.15 | ₹52,406 | AED 231.90 |
| Nov 16Thu | $1,987.30 | +1.17% | $63.89 | ₹53,150 | AED 234.62 |
| Nov 17Fri | $1,984.70 | −0.13% | $63.81 | ₹53,039 | AED 234.31 |
| Nov 20Mon | $1,980.30 | −0.22% | $63.67 | ₹53,030 | AED 233.82 |
| Nov 21Tue | $2,001.60 | +1.08% | $64.35 | ₹53,620 | AED 236.30 |
| Nov 22Wed | $1,992.80 | −0.44% | $64.07 | ₹53,400 | AED 235.32 |
| Nov 23Thu | $1,993.30 | +0.03% | $64.09 | ₹53,543 | AED 235.31 |
| Nov 24Fri | $2,003.00 | +0.49% | $64.40 | ₹53,672 | AED 236.45 |
| Nov 27Mon | $2,012.40 | +0.47% | $64.70 | ₹53,905 | AED 237.60 |
| Nov 28Tue | $2,040.00 | +1.37% | $65.59 | ₹54,677 | AED 240.82 |
| Nov 29Wed | $2,047.10 | +0.35% | $65.82 | ₹54,902 | AED 241.64 |
| Nov 30Thu | $2,038.10 | −0.44% | $65.53 | ₹54,603 | AED 240.57 |
How November usually goes for gold
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Every November since 1971 →
Gold in November 2023: FAQ
What was the price of gold in November 2023?
Gold traded between $1,937.70 and $2,047.10 per troy ounce (daily closes) in November 2023, averaging $1,990.04. It closed the month at $2,038.10.
How much did gold go up in November 2023?
Gold rose 2.5%, from $1,987.50 to $2,038.10. The biggest daily rise was +1.4% on November 28, 2023 and the biggest fall −1.6% on November 10, 2023.
What was the gold price on November 1, 2023?
Gold closed at $1,993.50 per troy ounce on November 1, 2023, the first trading day of the month. 24K India, ₹ per 10 g: ₹53,374.
Is November usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in November 9 times out of 20, with an average move of +0.9% and a median of −0.1%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in November 2023?
Gold rose 2.6% in Indian rupee terms in November 2023, compared with +2.5% in US dollars.
Did gold beat stocks in November 2023?
No. Gold was +2.5% for the month, against +9.1% for the S&P 500 with dividends.
How did gold react to the Fed and US data in November 2023?
Of 3 scheduled US releases this month, the biggest move came after the CPI inflation (October 2023) on 14 November: +0.8%. The full list with each reaction is on this page.
Did gold keep up with inflation in November 2023?
US consumer prices (CPI) changed −0.20% in November, so gold's real (inflation-adjusted) change was about +2.8%.
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{corgano2026goldpriceinnovember, author = {{Corgano}}, title = {Gold Price in November 2023}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2023/november}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}