Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 November 2023, not the current price.See today's gold price (11 September 2026)
Highest closing price since 3 November 2023
Gold closed at $1,983.90 per troy ounce on 16 November 2023, up $23.80 (1.21%) from the previous close of $1,960.10.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 3.30% 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 $1,773.00, making this a +11.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,983.90 per troy ounce on 16 November 2023. That is $23.80 higher than the previous close of $1,960.10, a move of 1.21%.
The gold price rose on 16 November 2023, gaining $23.80 (1.21%) against the previous session's close of $1,960.10.
At $1,983.90 per troy ounce, one gram of pure gold was worth about $63.78 on 16 November 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 November 2023 18k gold was worth about $47.84 per gram and 14k about $37.21 per gram, against $63.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.0 on 16 November 2023, meaning one ounce of gold was worth roughly 83.0 ounces of silver.
It closed 3.30% below the highest close on record up to that date, which was set on 2020-08-06.