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Gold ranged between $1,828.90 and $2,062.40 per troy ounce during 2023, averaging $1,953.03 across 10 trading days. It finished the period at $2,062.40, up 13.34% from $1,819.70.
Metal value only, before dealer margins and fabrication.
The strongest session of 2023 was 1 November 2023 at +10.28%, and the weakest 1 September 2023 at -4.65%.
Twelve months earlier gold traded around $1,819.70, making this a +13.34% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 February 2023 | $1,828.90 | +$9.200 |
| 1 March 2023 | $1,969.00 | +$140.10 |
| 1 April 2023 | $1,990.10 | +$21.10 |
| 1 May 2023 | $1,963.90 | −$26.20 |
| 1 June 2023 | $1,921.10 | −$42.80 |
| 1 July 2023 | $1,970.50 | +$49.40 |
| 1 August 2023 | $1,938.20 | −$32.30 |
| 1 September 2023 | $1,848.10 | −$90.10 |
| 1 November 2023 | $2,038.10 | +$190.00 |
| 1 December 2023 | $2,062.40 | +$24.30 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Gold finished 2023 at $2,062.40 per troy ounce, having risen $242.70 (13.34%) over the year. It has traded between $1,828.90 and $2,062.40 across 10 trading days.
The average gold closing price in 2023 was $1,953.03 per troy ounce, calculated across all 10 trading days in the year.
Gold reached its highest close of 2023 at $2,062.40 per troy ounce on 1 December 2023.
The lowest gold close in 2023 was $1,828.90 per troy ounce on 1 February 2023.
Gold rose during 2023. It entered the year at $1,819.70 and closed at $2,062.40, a change of 13.34%.
Gold closed higher on 6 sessions and lower on 4 during 2023. The strongest session was 1 November 2023 (+10.28%) and the weakest 1 September 2023 (-4.65%).
Daily closes in 2023 varied with a standard deviation of 4.55% per session, and the peak-to-trough spread across the year was 12.8% ($1,828.90 to $2,062.40).
At the 2023 close of $2,062.40 per troy ounce, gold worked out at about $66.31 per gram and $66,307.70 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 82.5 through 2023 and finished the year near 86.5. A higher ratio means silver is cheap relative to gold.
Gold was around $1,819.70 per troy ounce twelve months before the end of 2023. Closing at $2,062.40 makes that a gain of 13.3% year on year.