Distance from the record
This close sat 9.32% 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 28 September 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 September 2023
Gold closed at $1,860.40 per troy ounce on 28 September 2023, down $11.20 (0.60%) from the previous close of $1,871.60.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 9.32% 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 $1,660.40, making this a +12.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,860.40 per troy ounce on 28 September 2023. That is $11.20 lower than the previous close of $1,871.60, a move of -0.60%.
The gold price fell on 28 September 2023, losing $11.20 (0.60%) against the previous session's close of $1,871.60.
At $1,860.40 per troy ounce, one gram of pure gold was worth about $59.81 on 28 September 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 September 2023 18k gold was worth about $44.86 per gram and 14k about $34.89 per gram, against $59.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.6 on 28 September 2023, meaning one ounce of gold was worth roughly 82.6 ounces of silver.
A week before 28 September 2023, gold was around $1,919.20 per troy ounce, so the close of $1,860.40 is a loss of 3.1% over the week.
A year before 28 September 2023, gold was around $1,660.40 per troy ounce. The close of $1,860.40 therefore represents a rise of 12.0% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 9.32% below the highest close on record up to that date, which was set on 2020-08-06.