Gold Price in 2023
In 2023, the price of gold averaged $1,941 per troy ounce, up 7.8% from the year before. This page covers the 2023 average, high, low, and year-end close, the events that moved the market, and what that gold would be worth in today's dollars.
2023 Average
$1,941
LBMA annual average, USD/oz
Change vs 2022
+7.8%
from $1,800 in 2022
2023 High
$2,149
from daily trading data
2023 Low
$1,805
from daily trading data
Year-End Close
$2,063
last trading day of 2023
Gold Price Chart, 2005 to 2025
Gold Price by Month in 2023
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2023 | $1,902 | $1,949 | $1,824 |
| February 2023 | $1,854 | $1,960 | $1,805 |
| March 2023 | $1,915 | $2,010 | $1,809 |
| April 2023 | $2,001 | $2,049 | $1,950 |
| May 2023 | $1,991 | $2,067 | $1,932 |
| June 2023 | $1,941 | $1,984 | $1,893 |
| July 2023 | $1,949 | $1,988 | $1,903 |
| August 2023 | $1,918 | $1,966 | $1,885 |
| September 2023 | $1,914 | $1,953 | $1,846 |
| October 2023 | $1,916 | $2,010 | $1,810 |
| November 2023 | $1,986 | $2,052 | $1,932 |
| December 2023 | $2,035 | $2,149 | $1,973 |
What happened to the gold price in 2023
Gold averaged $1,941 per troy ounce in 2023, up 7.8% from $1,800 the year before. Daily trading data shows gold moved between a low of $1,805 and a high of $2,149 during the year, ending 2023 at $2,063. The notable development of 2023: Banking crisis; record central bank buying.
The 2020s have been gold's strongest decade since the 1970s. Pandemic stimulus, the worst inflation in four decades, and record central bank buying produced a series of new all-time highs.
Adjusted for inflation, gold's 2023 average of $1,941 equals about $2,053 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of gold in 2023?
What is a 2023 gold price worth in today's dollars?
What moved the gold price in 2023?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.