Distance from the record
This close sat 8.88% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 12 October 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,869.30 per troy ounce on 12 October 2023, down $3.500 (0.19%) from the previous close of $1,872.80.
This close sat 8.88% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,670.30, making this a +11.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,869.30 per troy ounce on 12 October 2023. That is $3.50 lower than the previous close of $1,872.80, a move of -0.19%.
The gold price fell on 12 October 2023, losing $3.50 (0.19%) against the previous session's close of $1,872.80.
At $1,869.30 per troy ounce, one gram of pure gold was worth about $60.10 on 12 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 October 2023 18k gold was worth about $45.07 per gram and 14k about $35.06 per gram, against $60.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.8 on 12 October 2023, meaning one ounce of gold was worth roughly 85.8 ounces of silver.
A week before 12 October 2023, gold was around $1,816.60 per troy ounce, so the close of $1,869.30 is a gain of 2.9% over the week.
It closed 8.88% below the highest close on record up to that date, which was set on 2020-08-06.