Gold price in August 2023: daily prices, high, low and change
Gold closed August 2023 at $1,965.90 an ounce, down 0.23% on the month. The highest close was $1,978.80 on 1 Aug and the lowest $1,915.20 on 17 Aug. Every trading day below, with ranks and context computed from COMEX data.
Gold price chart, August 2023 (daily close and high-low range, US$ per ounce)
Gold line = daily settlement; bars = intraday high to low where available; dashed line = July 2023 close ($1,970.50).
Daily gold prices in August 2023 (23 trading days)
| Date | Open | High | Low | Close | Change | % change |
|---|---|---|---|---|---|---|
| Tue 1 Aug | $2,004.20 | $2,004.40 | $1,978.30 | $1,978.80 | +$8.30 | +0.42% |
| Wed 2 Aug | $1,988.90 | $1,992.20 | $1,969.10 | $1,975.00 | −$3.80 | −0.19% |
| Thu 3 Aug | $1,970.80 | $1,974.50 | $1,964.50 | $1,968.80 | −$6.20 | −0.31% |
| Fri 4 Aug | $1,969.60 | $1,984.20 | $1,954.50 | $1,976.10 | +$7.30 | +0.37% |
| Mon 7 Aug | $1,977.60 | $1,981.70 | $1,966.10 | $1,970.00 | −$6.10 | −0.31% |
| Tue 8 Aug | $1,971.50 | $1,972.80 | $1,956.50 | $1,959.90 | −$10.10 | −0.51% |
| Wed 9 Aug | $1,959.30 | $1,966.10 | $1,947.20 | $1,950.60 | −$9.30 | −0.47% |
| Thu 10 Aug | $1,947.70 | $1,963.50 | $1,944.40 | $1,948.90 | −$1.70 | −0.09% |
| Fri 11 Aug | $1,944.90 | $1,953.60 | $1,942.70 | $1,946.60 | −$2.30 | −0.12% |
| Mon 14 Aug | $1,945.60 | $1,948.20 | $1,934.20 | $1,944.00 | −$2.60 | −0.13% |
| Tue 15 Aug | $1,939.40 | $1,944.30 | $1,927.50 | $1,935.20 | −$8.80 | −0.45% |
| Wed 16 Aug | $1,933.10 | $1,938.20 | $1,922.00 | $1,928.30 | −$6.90 | −0.36% |
| Thu 17 Aug worst day | $1,922.40 | $1,933.50 | $1,914.20 | $1,915.20 | −$13.10 | −0.68% |
| Fri 18 Aug | $1,919.20 | $1,926.00 | $1,915.90 | $1,916.50 | +$1.30 | +0.07% |
| Mon 21 Aug | $1,918.40 | $1,927.90 | $1,913.60 | $1,923.00 | +$6.50 | +0.34% |
| Tue 22 Aug | $1,924.00 | $1,933.20 | $1,917.50 | $1,926.00 | +$3.00 | +0.16% |
| Wed 23 Aug best day | $1,926.80 | $1,949.70 | $1,926.20 | $1,948.10 | +$22.10 | +1.15% |
| Thu 24 Aug | $1,944.90 | $1,951.30 | $1,939.20 | $1,947.10 | −$1.00 | −0.05% |
| Fri 25 Aug | $1,944.90 | $1,950.40 | $1,931.00 | $1,939.90 | −$7.20 | −0.37% |
| Mon 28 Aug | $1,944.00 | $1,954.20 | $1,940.10 | $1,946.80 | +$6.90 | +0.36% |
| Tue 29 Aug | $1,948.10 | $1,966.50 | $1,941.70 | $1,965.10 | +$18.30 | +0.94% |
| Wed 30 Aug | $1,966.00 | $1,977.10 | $1,962.80 | $1,973.00 | +$7.90 | +0.40% |
| Thu 31 Aug | $1,970.20 | $1,974.90 | $1,965.50 | $1,965.90 | −$7.10 | −0.36% |
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
| August 2023 | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| Settlements | $1,978.80 | $1,978.80 | $1,915.20 | $1,965.90 | −0.23% |
| Intraday | $2,004.20 | $2,004.40 1 Aug | $1,913.60 21 Aug | $1,965.90 | — |
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 August 2023: summary
Gold barely moved 0.23% in August 2023, finishing at $1,965.90 an ounce against $1,970.50 at the end of July 2023. Settlement prices ranged from $1,915.20 on 17 August 2023 to $1,978.80 on 1 August 2023, a spread of $63.60 (3.2%), narrower than the 5.5% average of the previous 12 months. Gold closed higher on 9 of 23 trading days and lower on 14; the strongest session was 23 August 2023 (+1.15%) and the weakest 17 August 2023 (−0.68%).
How August 2023 compares
- Against other Augusts: at −0.23%, August 2023 ranks 21st of 26 Augusts since 2001 (best first).
- Against every month: it ranks 180th of 313 months since September 2000, better than 43% of them.
- Range: the gap between the highest and lowest close was $63.60, or 3.2% of the opening level, 0.6× the 5.5% average of the previous 12 months.
- Daily moves: the average day moved 0.37% (up or down), against 0.70% over the previous 12 months, so August 2023 was calmer than usual.
- Streaks: the longest run of higher closes was 4 days and the longest run of lower closes 9 days.
- Bigger picture: at the month-end close gold was +7.65% for 2023 to the end of August and +13.89% over 12 months (against the August 2022 close of $1,726.20).
- Average price: the mean of the 23 daily closes was $1,949.95; the World Bank's monthly average of the London (LBMA) price was $1,919.00.
Across the other 25 completed Augusts since 2001, gold averaged +2.61% and rose in 19 of them (76%). August 2023 lagged that average by 2.8 percentage points. The gold seasonality tool shows the same statistics for every calendar month, and the monthly returns heatmap lays out all Augusts side by side.
August 2023 in today's dollars
Adjusted for US consumer-price inflation, the $1,965.90 closing price equals about $2,160 in September 2026 dollars (CPI 306.1 in August 2023 against 336.3 in September 2026, FRED series CPIAUCSL), 10% 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 August 2023?
Gold closed August 2023 at $1,965.90 an ounce (COMEX settlement). It opened the month at $1,978.80 and averaged $1,949.95 across 23 trading days; the World Bank’s London average for the month was $1,919.00.
Did gold go up in August 2023?
No. Gold was down 0.23% in August 2023, from $1,970.50 at the end of July 2023 to $1,965.90. It closed higher on 9 of 23 days. Among Augusts since 2001 it ranks 21st of 26 (best first).
What was the highest gold price in August 2023?
The highest close was $1,978.80 on 1 August 2023. The highest intraday price in the daily bars was $2,004.40 on 1 August 2023.
What was the lowest gold price in August 2023?
The lowest close was $1,915.20 on 17 August 2023, $63.60 (3.2%) below the month’s highest close. The lowest intraday price was $1,913.60 on 21 August 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.