Gold Price in August 2023
In August 2023, gold fell 0.2%, from $1,970.50 at the end of July to $1,965.90 per troy ounce on August 31, 2023. The highest close was $1,978.80 on August 1, 2023, the lowest $1,915.20 on August 17, 2023, and the average over 23 trading days was $1,949.95. Today's price is 110.1% higher than the August 2023 close.
Gold price chart, August 2023
US dollars per troy ounce · daily closeDaily Gold Prices, August 2023
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Aug 1Tue | $1,978.80 | +0.42% | $63.62 | ₹52,317 | AED 233.62 |
| Aug 2Wed | $1,975.00 | −0.19% | $63.50 | ₹52,263 | AED 233.16 |
| Aug 3Thu | $1,968.80 | −0.31% | $63.30 | ₹52,369 | AED 232.43 |
| Aug 4Fri | $1,976.10 | +0.37% | $63.53 | ₹52,595 | AED 233.29 |
| Aug 7Mon | $1,970.00 | −0.31% | $63.34 | ₹52,377 | AED 232.57 |
| Aug 8Tue | $1,959.90 | −0.51% | $63.01 | ₹52,142 | AED 231.38 |
| Aug 9Wed | $1,950.60 | −0.47% | $62.71 | ₹51,955 | AED 230.28 |
| Aug 10Thu | $1,948.90 | −0.09% | $62.66 | ₹51,923 | AED 230.08 |
| Aug 11Fri | $1,946.60 | −0.12% | $62.58 | ₹51,820 | AED 229.81 |
| Aug 14Mon | $1,944.00 | −0.13% | $62.50 | ₹51,812 | AED 229.50 |
| Aug 15Tue | $1,935.20 | −0.45% | $62.22 | ₹51,786 | AED 228.46 |
| Aug 16Wed | $1,928.30 | −0.36% | $62.00 | ₹51,577 | AED 227.65 |
| Aug 17Thu | $1,915.20 | −0.68% | $61.58 | ₹51,253 | AED 226.10 |
| Aug 18Fri | $1,916.50 | +0.07% | $61.62 | ₹51,203 | AED 226.31 |
| Aug 21Mon | $1,923.00 | +0.34% | $61.83 | ₹51,419 | AED 227.02 |
| Aug 22Tue | $1,926.00 | +0.16% | $61.92 | ₹51,466 | AED 227.38 |
| Aug 23Wed | $1,948.10 | +1.15% | $62.63 | ₹52,031 | AED 229.99 |
| Aug 24Thu | $1,947.10 | −0.05% | $62.60 | ₹51,674 | AED 229.87 |
| Aug 25Fri | $1,939.90 | −0.37% | $62.37 | ₹51,543 | AED 229.02 |
| Aug 28Mon | $1,946.80 | +0.36% | $62.59 | ₹51,740 | AED 229.87 |
| Aug 29Tue | $1,965.10 | +0.94% | $63.18 | ₹52,244 | AED 231.99 |
| Aug 30Wed | $1,973.00 | +0.40% | $63.43 | ₹52,329 | AED 232.93 |
| Aug 31Thu | $1,965.90 | −0.36% | $63.21 | ₹52,271 | AED 232.09 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%.
Gold in August 2023: FAQ
What was the price of gold in August 2023?
Gold traded between $1,915.20 and $1,978.80 per troy ounce (daily closes) in August 2023, averaging $1,949.95. It closed the month at $1,965.90.
How much did gold go down in August 2023?
Gold fell 0.2%, from $1,970.50 to $1,965.90. The biggest daily rise was +1.1% on August 23, 2023 and the biggest fall −0.7% on August 17, 2023.
What was the gold price on August 1, 2023?
Gold closed at $1,978.80 per troy ounce on August 1, 2023, the first trading day of the month. 24K India, ₹ per 10 g: ₹52,317.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.