Distance from the record
This close sat 3.21% 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 2 November 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,985.60 per troy ounce on 2 November 2023, down $52.50 (2.58%) from the previous close of $2,038.10.
Gold lost 2.58% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 3.21% 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 $1,645.70, making this a +20.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,985.60 per troy ounce on 2 November 2023. That is $52.50 lower than the previous close of $2,038.10, a move of -2.58%.
The gold price fell on 2 November 2023, losing $52.50 (2.58%) against the previous session's close of $2,038.10.
At $1,985.60 per troy ounce, one gram of pure gold was worth about $63.84 on 2 November 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 November 2023 18k gold was worth about $47.88 per gram and 14k about $37.24 per gram, against $63.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.3 on 2 November 2023, meaning one ounce of gold was worth roughly 87.3 ounces of silver.
A month before 2 November 2023, gold was around $1,830.00 per troy ounce, so the close of $1,985.60 is a gain of 8.5% over the month.
A year before 2 November 2023, gold was around $1,645.70 per troy ounce. The close of $1,985.60 therefore represents a rise of 20.7% over twelve months.
It closed 3.21% below the highest close on record up to that date, which was set on 2020-08-06.