Gold price in February 2023: daily prices, high, low and change
Gold closed February 2023 at $1,836.70 an ounce, down 4.81% on the month. The highest close was $1,942.80 on 1 Feb and the lowest $1,817.10 on 24 Feb. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, February 2023 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = January 2023 close ($1,929.50).
Daily gold prices in February 2023 (19 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Wed 1 Feb best day | $1,944.00 | $1,970.80 | $1,936.10 | $1,942.80 | +$13.30 | +0.69% |
| Thu 2 Feb | $1,967.10 | $1,975.20 | $1,925.60 | $1,930.80 | −$12.00 | −0.62% |
| Fri 3 Feb worst day | $1,926.30 | $1,932.40 | $1,874.50 | $1,876.60 | −$54.20 | −2.81% |
| Mon 6 Feb | $1,878.00 | $1,894.00 | $1,873.20 | $1,879.50 | +$2.90 | +0.15% |
| Tue 7 Feb | $1,880.30 | $1,897.20 | $1,877.50 | $1,884.80 | +$5.30 | +0.28% |
| Wed 8 Feb | $1,885.10 | $1,898.90 | $1,881.40 | $1,890.70 | +$5.90 | +0.31% |
| Thu 9 Feb | $1,888.30 | $1,902.30 | $1,870.20 | $1,878.50 | −$12.20 | −0.65% |
| Fri 10 Feb | $1,873.50 | $1,883.50 | $1,863.50 | $1,874.50 | −$4.00 | −0.21% |
| Mon 13 Feb | $1,876.70 | $1,877.20 | $1,860.80 | $1,863.50 | −$11.00 | −0.59% |
| Tue 14 Feb | $1,864.10 | $1,881.60 | $1,852.50 | $1,865.40 | +$1.90 | +0.10% |
| Wed 15 Feb | $1,865.10 | $1,870.90 | $1,839.30 | $1,845.30 | −$20.10 | −1.08% |
| Thu 16 Feb | $1,846.50 | $1,854.90 | $1,836.60 | $1,851.80 | +$6.50 | +0.35% |
| Fri 17 Feb | $1,845.70 | $1,853.10 | $1,827.70 | $1,850.20 | −$1.60 | −0.09% |
| Tue 21 Feb | $1,850.50 | $1,856.40 | $1,839.00 | $1,842.50 | −$7.70 | −0.42% |
| Wed 22 Feb | $1,843.70 | $1,855.00 | $1,831.90 | $1,841.50 | −$1.00 | −0.05% |
| Thu 23 Feb | $1,834.70 | $1,841.20 | $1,824.80 | $1,826.80 | −$14.70 | −0.80% |
| Fri 24 Feb | $1,829.70 | $1,835.10 | $1,815.50 | $1,817.10 | −$9.70 | −0.53% |
| Mon 27 Feb | $1,818.00 | $1,827.30 | $1,812.00 | $1,824.90 | +$7.80 | +0.43% |
| Tue 28 Feb | $1,823.90 | $1,838.60 | $1,810.80 | $1,836.70 | +$11.80 | +0.65% |
Close = COMEX gold futures settlement in US dollars per troy ounce; change is against the previous trading day's close.
Monthly open, high, low and close
| February 2023 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,942.80 | $1,942.80 | $1,817.10 | $1,836.70 | −4.81% |
| Intraday | $1,944.00 | $1,975.20 2 Feb | $1,810.80 28 Feb | $1,836.70 | — |
Settlements: first, highest, lowest and last daily close of the month (the basis used on the 2023 page and the monthly returns heatmap). Intraday: the highest and lowest traded prices in the daily bars.
Source: COMEX gold futures (GC=F) daily settlements and intraday bars via Yahoo Finance; US CPI (FRED CPIAUCSL) for the inflation adjustment; World Bank Pink Sheet for the monthly London average. Figures are final settlements; sources may occasionally revise historical data.
Gold in February 2023: summary
Gold dropped 4.81% in February 2023, settling the month at $1,836.70 an ounce against $1,929.50 at the end of January 2023. Settlement prices ranged from $1,817.10 on 24 February 2023 to $1,942.80 on 1 February 2023, a spread of $125.70 (6.5%), wider than the 5.5% average of the previous 12 months. Gold closed higher on 8 of 19 trading days and lower on 11; the strongest session was 1 February 2023 (+0.69%) and the weakest 3 February 2023 (−2.81%).
That was the biggest monthly fall since June 2021. It ended a run of 3 straight monthly gains. The −2.81% move on 3 February 2023 was the largest one-day fall of 2023.
How February 2023 compares
- Against other Februaries: at −4.81%, February 2023 ranks 22nd of 26 Februaries since 2001 (best first).
- Against every month: it ranks 280th of 313 months since September 2000, better than 11% of them.
- Range: the gap between the highest and lowest close was $125.70, or 6.5% of the opening level, 1.2× the 5.5% average of the previous 12 months.
- Daily moves: the average day moved 0.57% (up or down), against 0.73% over the previous 12 months, so February 2023 was calmer than usual.
- Streaks: the longest run of higher closes was 3 days and the longest run of lower closes 5 days.
- Bigger picture: at the month-end close gold was +0.57% for 2023 to the end of February and −3.37% over 12 months (against the February 2022 close of $1,900.70).
- Average price: the mean of the 19 daily closes was $1,864.42; the World Bank's monthly average of the London (LBMA) price was $1,855.00.
Across the other 25 completed Februaries since 2001, gold averaged +1.47% and rose in 15 of them (60%). February 2023 lagged that average by 6.3 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Februaries side by side.
February 2023 in today's dollars
Adjusted for US consumer-price inflation, the $1,836.70 closing price equals about $2,049 in September 2026 dollars (CPI 301.4 in February 2023 against 336.3 in September 2026, FRED series CPIAUCSL), 12% more than the nominal figure. The gold price history hub restates every year's close on the same basis, and the all-time-high tracker lists every record close in nominal dollars.
Gold price by month in 2023
The gold price in 2023 page has the year's open, high, low and close, and the monthly archive on the gold price history hub explains how these month pages are built.
Frequently asked questions
What was the gold price in February 2023?
Gold closed February 2023 at $1,836.70 an ounce (COMEX settlement). It opened the month at $1,942.80 and averaged $1,864.42 across 19 trading days; the World Bank’s London average for the month was $1,855.00.
Did gold go up in February 2023?
No. Gold was down 4.81% in February 2023, from $1,929.50 at the end of January 2023 to $1,836.70. It closed higher on 8 of 19 days. Among Februaries since 2001 it ranks 22nd of 26 (best first).
What was the highest gold price in February 2023?
The highest close was $1,942.80 on 1 February 2023. The highest intraday price in the daily bars was $1,975.20 on 2 February 2023.
What was the lowest gold price in February 2023?
The lowest close was $1,817.10 on 24 February 2023, $125.70 (6.5%) below the month’s highest close. The lowest intraday price was $1,810.80 on 28 February 2023.
Educational information only, not financial advice and not a forecast. Past prices do not predict future prices. See our risk disclaimer and editorial policy.