Gold Price 2023 – Chart, Average and Records

Two US bank collapses in spring and war in the Middle East lifted gold around 13% over the year, to above USD 2,060 per ounce at year-end — close to the record.

Central banks continued their record buying, and China's central bank recorded month after month of new additions to its reserves.

What does the old year's price mean today?

Historical prices are most interesting as background: how long did the ups and downs last, and what happened around the turning points? For that purpose, you can compare 2023 with the neighbouring years below, or set the entire history since 1999 out in the full gold price chart.

Use the first and last available observations for 2023 when comparing price changes. Do not confuse the annual high with a price available for the entire year: it is one recorded observation, and a physical dealer may have used another quote time. An average helps describe a period but does not show the order of its rises and falls. Two years can have a similar average and very different paths, so inspect the chart as well as the table.

For a 10 gram item stamped 585, the fine-gold weight is 5.85 grams. Multiply a selected 2023 reference price by 5.85 to compare its gold content with today's value. Keep stones and non-gold fittings out of the weight. If you bought a bar instead, the purchase premium, selling spread, storage and any delivery charges would change the actual result. Those costs are not present in the spot-price series.

The 2023 page is a historical reference, not a prediction. A completed calendar year can be compared with other completed years; the current year covers only the observations available so far. Currency conversion uses today's exchange factor applied to the EUR archive. That distinction matters especially for USD comparisons: the displayed path does not recreate historical dollar exchange-rate movements. Check the methodology before using these figures in accounting or a personal investment calculation.