Distance from the record
This close sat 3.86% 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 23 May 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,972.40 per troy ounce on 23 May 2023, down $2.400 (0.12%) from the previous close of $1,974.80.
Gold barely moved, closing within 0.12% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 3.86% 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 $1,847.80, making this a +6.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,972.40 per troy ounce on 23 May 2023. That is $2.40 lower than the previous close of $1,974.80, a move of -0.12%.
The gold price fell on 23 May 2023, losing $2.40 (0.12%) against the previous session's close of $1,974.80.
At $1,972.40 per troy ounce, one gram of pure gold was worth about $63.41 on 23 May 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2023 18k gold was worth about $47.56 per gram and 14k about $36.99 per gram, against $63.41 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.0 on 23 May 2023, meaning one ounce of gold was worth roughly 84.0 ounces of silver.
It closed 3.86% below the highest close on record up to that date, which was set on 2020-08-06.