Distance from the record
This close sat 4.87% 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 8 November 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 17 October 2023
Gold closed at $1,951.50 per troy ounce on 8 November 2023, down $15.30 (0.78%) from the previous close of $1,966.80.
This close extended a run of 3 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 4.87% 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 $1,712.10, making this a +13.98% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,951.50 per troy ounce on 8 November 2023. That is $15.30 lower than the previous close of $1,966.80, a move of -0.78%.
The gold price fell on 8 November 2023, losing $15.30 (0.78%) against the previous session's close of $1,966.80.
At $1,951.50 per troy ounce, one gram of pure gold was worth about $62.74 on 8 November 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 November 2023 18k gold was worth about $47.06 per gram and 14k about $36.60 per gram, against $62.74 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.2 on 8 November 2023, meaning one ounce of gold was worth roughly 86.2 ounces of silver.
A week before 8 November 2023, gold was around $2,038.10 per troy ounce, so the close of $1,951.50 is a loss of 4.2% over the week.
A month before 8 November 2023, gold was around $1,830.20 per troy ounce, so the close of $1,951.50 is a gain of 6.6% over the month.
A year before 8 November 2023, gold was around $1,712.10 per troy ounce. The close of $1,951.50 therefore represents a rise of 14.0% over twelve months.
This close was session 3 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 4.87% below the highest close on record up to that date, which was set on 2020-08-06.