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 20 October 2023, not the current price.See today's gold price (11 September 2026)
Highest closing price since 16 May 2023
Gold closed at $1,982.50 per troy ounce on 20 October 2023, up $14.10 (0.72%) from the previous close of $1,968.40.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 3.36% 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 $1,630.80, making this a +21.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,982.50 per troy ounce on 20 October 2023. That is $14.10 higher than the previous close of $1,968.40, a move of 0.72%.
The gold price rose on 20 October 2023, gaining $14.10 (0.72%) against the previous session's close of $1,968.40.
At $1,982.50 per troy ounce, one gram of pure gold was worth about $63.74 on 20 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 October 2023 18k gold was worth about $47.80 per gram and 14k about $37.18 per gram, against $63.74 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.9 on 20 October 2023, meaning one ounce of gold was worth roughly 84.9 ounces of silver.
A week before 20 October 2023, gold was around $1,927.40 per troy ounce, so the close of $1,982.50 is a gain of 2.9% over the week.
A year before 20 October 2023, gold was around $1,630.80 per troy ounce. The close of $1,982.50 therefore represents a rise of 21.6% over twelve months.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 3.36% below the highest close on record up to that date, which was set on 2020-08-06.
The most recent higher close was about 5 months earlier — 109 trading sessions before this one.