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Gold Price in 2023

The gold price rose 13.4% in 2023, from $1,826 at the end of 2022 to $2,072. Its highest close was $2,093 on Dec 27 — a record that stood until March 1, 2024, and its lowest $1,817 on Feb 24. The biggest one-day fall was −2.8% on Feb 3 and the biggest rise +3.1% on Oct 13. Adjusted for inflation, it gained 9.8%.

Daily COMEX prices, the year in 12 currencies and festival prices: Gold Price in 2023 →

Change in 2023
+13.4%
$1,826 → $2,072
High
$2,093
Dec 27
Low
$1,817
Feb 24
After inflation
+9.8%
US CPI
Up days
128 of 251
longest run 5 up, 9 down
Record highs
2
closing records

Gold Price, daily closes 2023

Numbers mark the events below
$1,843$1,955$2,067previous recordJanFebMarAprMayJunJulAugSepOctNovDec1Feb 3: Biggest one-day fall of the year: −2.8%.2Mar 10: Silicon Valley Bank fails after a bank run and is placed under FDIC receivership.3Mar 19: UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government.4Oct 7: Hamas launches attacks on Israel, starting the Gaza war.5Oct 13: Biggest one-day rise of the year: +3.1%.6Dec 1: Gold sets the first of 2 record closing highs this year, at $2,090. Back above its pre-bear-market peak of $2,069 (August 6, 2020).7Dec 27: Last record close of the year: $2,093.

Key Events in 2023

What happened, and how the Gold moved — on the day (or the next trading day) and about a month later.

  1. 1
    Friday, February 3 From the data
    Biggest one-day fall of the year: −2.8%.
  2. 2
    Friday, March 10
    Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. Source
    Gold: +1.8% that day · +9.2% a month later
  3. 3
    Sunday, March 19
    UBS agrees to take over Credit Suisse in a deal brokered by the Swiss government. Source
    Gold: +0.5% next trading day (Mar 20) · +2.3% a month later
  4. 4
    Saturday, October 7
    Hamas launches attacks on Israel, starting the Gaza war. Source
    Gold: +1.0% next trading day (Oct 9) · +7.8% a month later
  5. 5
    Friday, October 13 From the data
    Biggest one-day rise of the year: +3.1%.
  6. 6
    Friday, December 1 From the data
    Gold sets the first of 2 record closing highs this year, at $2,090. Back above its pre-bear-market peak of $2,069 (August 6, 2020).
  7. 7
    Wednesday, December 27 From the data
    Last record close of the year: $2,093.

Biggest days of 2023

Best daysWorst days
Oct 13+3.1%Feb 3−2.8%
Mar 13+2.6%Dec 4−2.3%
Mar 17+2.6%Mar 21−2.1%
Dec 1+2.5%Apr 14−1.9%
Dec 14+2.4%Mar 7−1.9%

Volatility: 13.4% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$1,930+5.7%$1,943$1,841
Feb$1,837−4.8%$1,943$1,817
Mar$1,969+7.2%$1,996$1,819
Apr$1,999+1.5%$2,055$1,991
May$1,964−1.8%$2,056$1,944
Jun$1,929−1.8%$1,996$1,918
Jul$1,971+2.1%$1,981$1,915
Aug$1,966−0.2%$1,979$1,915
Sep$1,866−5.1%$1,967$1,866
Oct$1,994+6.9%$2,006$1,832
Nov$2,038+2.2%$2,047$1,938
Dec$2,072+1.7%$2,093$1,993

Other Markets in 2023

Change over the calendar year.

MarketChangeYear-end
Gold Price+13.4%$2,072
Dow Jones Industrial Average in 2023+13.7%37,689.54
S&P 500 in 2023+24.2%4,769.83
Nasdaq Composite in 2023+43.4%15,011.35
Russell 2000 in 2023+15.1%2,027.07
Nikkei 225 in 2023+28.2%33,464.17
Silver in 20230.0%$23.85
WTI crude oil in 2023−10.7%$71.65
Brent crude oil in 2023−10.3%$77.04
US 10-year Treasury yield in 2023−0.01 pp3.87%
2020202120222023202420252026

Gold Price in 2023: FAQ

How much did the gold price rise in 2023?

The gold price rose 13.4% in 2023, from $1,826 at the end of 2022 to $2,072. Its highest close was $2,093 on Dec 27 — a record that stood until March 1, 2024, and its lowest $1,817 on Feb 24. The biggest one-day fall was −2.8% on Feb 3 and the biggest rise +3.1% on Oct 13. Adjusted for inflation, it gained 9.8%.

What were the highest and lowest closes of the gold price in 2023?

Highest: $2,093 on December 27, 2023. Lowest: $1,817 on February 24, 2023. It closed higher on 128 of 251 trading days.

What happened to the gold price on March 10, 2023?

Silicon Valley Bank fails after a bank run and is placed under FDIC receivership. The gold price rose 1.8% that day, and was +9.2% a month later.

Did the gold price reach a record high in 2023?

Yes — 2 record closing highs, the last at $2,093 on December 27, 2023. (Records counted from 1968, when the free market price began.)

Data: London PM fix (LBMA) from 1968 to Sep 2017, COMEX gold futures closes after that. Before 1968 the official US price: $20.67 until Oct 1933, $35 from 31 Jan 1934. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.

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APA 7
Corgano. (2026, November 1). Gold price in 2023. Corgano Gold Price. Retrieved November 1, 2026, from https://goldprice.corgano.com/gold-price-history/2023
MLA 9
“Gold Price in 2023.” Corgano Gold Price, goldprice.corgano.com/gold-price-history/2023. Accessed 1 Nov. 2026.
Chicago
Corgano. “Gold Price in 2023.” Corgano Gold Price. Accessed November 1, 2026. https://goldprice.corgano.com/gold-price-history/2023.
BibTeX
@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 2026-11-01}}
Link
Gold Price in 2023 — Corgano Gold Price: https://goldprice.corgano.com/gold-price-history/2023