Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 18 October 2023, not the current price.See today's gold price (11 September 2026)
Highest closing price since 31 July 2023
Gold closed at $1,955.30 per troy ounce on 18 October 2023, up $32.60 (1.70%) from the previous close of $1,922.70.
No earlier session that month closed above this level.
This close sat 4.69% 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 $1,649.00, making this a +18.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,955.30 per troy ounce on 18 October 2023. That is $32.60 higher than the previous close of $1,922.70, a move of 1.70%.
The gold price rose on 18 October 2023, gaining $32.60 (1.70%) against the previous session's close of $1,922.70.
At $1,955.30 per troy ounce, one gram of pure gold was worth about $62.86 on 18 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2023 18k gold was worth about $47.15 per gram and 14k about $36.67 per gram, against $62.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.2 on 18 October 2023, meaning one ounce of gold was worth roughly 85.2 ounces of silver.
A week before 18 October 2023, gold was around $1,872.80 per troy ounce, so the close of $1,955.30 is a gain of 4.4% over the week.
A year before 18 October 2023, gold was around $1,649.00 per troy ounce. The close of $1,955.30 therefore represents a rise of 18.6% over twelve months.
It closed 4.69% below the highest close on record up to that date, which was set on 2020-08-06.