Distance from the record
This close sat 11.45% 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 5 October 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 March 2023
Gold closed at $1,816.60 per troy ounce on 5 October 2023, down $1.900 (0.10%) from the previous close of $1,818.50.
Notable session: lowest close of the month.
This close extended a run of 9 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 11.45% below the highest gold close recorded up to that date, set on 2020-08-06.
One of the ten lowest gold closes of that year, ranking 246 of 249 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,711.40, making this a +6.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,816.60 per troy ounce on 5 October 2023. That is $1.90 lower than the previous close of $1,818.50, a move of -0.10%.
The gold price fell on 5 October 2023, losing $1.90 (0.10%) against the previous session's close of $1,818.50.
At $1,816.60 per troy ounce, one gram of pure gold was worth about $58.41 on 5 October 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 October 2023 18k gold was worth about $43.80 per gram and 14k about $34.07 per gram, against $58.41 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.1 on 5 October 2023, meaning one ounce of gold was worth roughly 87.1 ounces of silver.
A week before 5 October 2023, gold was around $1,860.40 per troy ounce, so the close of $1,816.60 is a loss of 2.4% over the week.
A month before 5 October 2023, gold was around $1,926.20 per troy ounce, so the close of $1,816.60 is a loss of 5.7% over the month.
This close was session 9 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 11.45% below the highest close on record up to that date, which was set on 2020-08-06.