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Gold Price in 2023 | Historical Gold Prices

Annual summary, monthly averages, and key events that shaped gold prices in 2023

← 202220232024 →

Jan 1

$1,838

Opening Price

Dec 31

$2,063

Closing Price

Year High

$2,135

Annual High

Year Low

$1,810

Annual Low

Annual Avg

$1,940

Average Price

vs 2022

+13.1%

Annual Change

Monthly Gold Price Chart — 2023

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $1,859High: $2,036

Monthly Average Gold Prices — 2023

MonthAvg Price (USD/oz)vs Prev Month
Jan 2023$1,862+1.3%
Feb 2023$1,859-0.2%
Mar 2023$1,969+5.9%
Apr 2023$2,002+1.7%
May 2023$1,977-1.2%
Jun 2023$1,930-2.4%
Jul 2023$1,934+0.2%
Aug 2023$1,912-1.1%
Sep 2023$1,928+0.8%
Oct 2023$1,981+2.7%
Nov 2023$1,988+0.4%
Dec 2023$2,036+2.4%

What Happened to Gold in 2023?

Gold set a new record high above $2,135 in December 2023, surpassing the 2020 peak. The collapse of Silicon Valley Bank in March triggered safe-haven buying. As it became clear the Fed rate hike cycle was ending, gold surged in Q4. Central bank buying continued at record pace — particularly China, India, Poland, and other emerging markets.

Browse All Years

2000-5.5%2001+1.1%2002+25.2%2003+19.9%2004+5.3%2005+17.1%2006+23.9%2007+31.1%2008+4.3%2009+24.9%2010+29.5%2011+10.2%2012+7%2013-28.3%2014-1.7%2015-10.5%2016+8.6%2017+13.1%2018-1.8%2019+18.6%2020+25.1%2021-4.3%2022+1%2023+13.1%2024+27.3%2025+12.4%2026+54.7%

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