Distance from the record
This close sat 3.23% 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 31 October 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,985.20 per troy ounce on 31 October 2023, down $11.00 (0.55%) from the previous close of $1,996.20.
This close sat 3.23% 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 $1,635.90, making this a +21.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,985.20 per troy ounce on 31 October 2023. That is $11.00 lower than the previous close of $1,996.20, a move of -0.55%.
The gold price fell on 31 October 2023, losing $11.00 (0.55%) against the previous session's close of $1,996.20.
At $1,985.20 per troy ounce, one gram of pure gold was worth about $63.83 on 31 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2023 18k gold was worth about $47.87 per gram and 14k about $37.23 per gram, against $63.83 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.9 on 31 October 2023, meaning one ounce of gold was worth roughly 86.9 ounces of silver.
A month before 31 October 2023, gold was around $1,848.10 per troy ounce, so the close of $1,985.20 is a gain of 7.4% over the month.
A year before 31 October 2023, gold was around $1,635.90 per troy ounce. The close of $1,985.20 therefore represents a rise of 21.4% over twelve months.
It closed 3.23% below the highest close on record up to that date, which was set on 2020-08-06.