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 October 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,921.10 per troy ounce on 16 October 2023, down $6.300 (0.33%) from the previous close of $1,927.40.
This was the strongest close of the week up to that point.
This close sat 6.36% 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 $1,641.70, making this a +17.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,921.10 per troy ounce on 16 October 2023. That is $6.30 lower than the previous close of $1,927.40, a move of -0.33%.
The gold price fell on 16 October 2023, losing $6.30 (0.33%) against the previous session's close of $1,927.40.
At $1,921.10 per troy ounce, one gram of pure gold was worth about $61.76 on 16 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 October 2023 18k gold was worth about $46.32 per gram and 14k about $36.03 per gram, against $61.76 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.0 on 16 October 2023, meaning one ounce of gold was worth roughly 85.0 ounces of silver.
A week before 16 October 2023, gold was around $1,849.50 per troy ounce, so the close of $1,921.10 is a gain of 3.9% over the week.
A year before 16 October 2023, gold was around $1,641.70 per troy ounce. The close of $1,921.10 therefore represents a rise of 17.0% over twelve months.
It closed 6.36% below the highest close on record up to that date, which was set on 2020-08-06.