Distance from the record
This close sat 4.13% 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 7 November 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 18 October 2023
Gold closed at $1,966.80 per troy ounce on 7 November 2023, down $14.80 (0.75%) from the previous close of $1,981.60.
This close sat 4.13% 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 $1,676.50, making this a +17.32% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,966.80 per troy ounce on 7 November 2023. That is $14.80 lower than the previous close of $1,981.60, a move of -0.75%.
The gold price fell on 7 November 2023, losing $14.80 (0.75%) against the previous session's close of $1,981.60.
At $1,966.80 per troy ounce, one gram of pure gold was worth about $63.23 on 7 November 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 November 2023 18k gold was worth about $47.43 per gram and 14k about $36.89 per gram, against $63.23 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.4 on 7 November 2023, meaning one ounce of gold was worth roughly 87.4 ounces of silver.
A month before 7 November 2023, gold was around $1,830.20 per troy ounce, so the close of $1,966.80 is a gain of 7.5% over the month.
A year before 7 November 2023, gold was around $1,676.50 per troy ounce. The close of $1,966.80 therefore represents a rise of 17.3% over twelve months.
It closed 4.13% below the highest close on record up to that date, which was set on 2020-08-06.