Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 7 August 2023, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,933.50 per troy ounce on 7 August 2023, down $6.100 (0.31%) from the previous close of $1,939.60.
This was the strongest close of the week up to that point.
This close sat 5.75% 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 $1,772.90, making this a +9.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,933.50 per troy ounce on 7 August 2023. That is $6.10 lower than the previous close of $1,939.60, a move of -0.31%.
The gold price fell on 7 August 2023, losing $6.10 (0.31%) against the previous session's close of $1,939.60.
At $1,933.50 per troy ounce, one gram of pure gold was worth about $62.16 on 7 August 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 August 2023 18k gold was worth about $46.62 per gram and 14k about $36.26 per gram, against $62.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.5 on 7 August 2023, meaning one ounce of gold was worth roughly 83.5 ounces of silver.
It closed 5.75% below the highest close on record up to that date, which was set on 2020-08-06.