Gold in 2023 at a glance
| Average price per ounce | $1,943 |
| Average price per gram | $62.47 |
| Approx. low / high | $1,810 / $2,080 |
| Change vs previous year (average) | +7.9% |
| Average silver price | $23.40 |
| Gold/silver ratio | 83 |
| Change from 2023 average to today | — |
What moved gold in 2023
Banking stress in March and record central bank buying took gold to new highs in December.
An investor who bought one ounce at the 2023 average of $1,943 would hold metal worth — today — a change of —. Annual averages smooth out daily swings, so the price on any single day of 2023 could have been up to $137 higher or $133 lower than the average.
Figures are rounded approximations based on LBMA daily prices, for context only.
Gold price 2023 – FAQ
What was the average gold price in 2023?
The average gold price in 2023 was about $1,943 per troy ounce, or roughly $62.47 per gram, based on rounded LBMA daily fixes.
What were the highest and lowest gold prices in 2023?
Gold traded between roughly $1,810 and $2,080 per ounce during 2023.
Did gold go up in 2023?
On an annual-average basis gold was up about 7.9% in 2023 compared with 2022 ($1,800).
What happened to gold in 2023?
Banking stress in March and record central bank buying took gold to new highs in December.
How much was 10 grams of 24k gold in 2023?
At the 2023 average, 10 grams of pure gold were worth about $625 in US dollars, and 10 grams of 22k gold about $572.