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Abstract GW230529 is the first compact binary coalescence detected by the LIGO–Virgo–KAGRA collaboration with at least one component mass confidently in the lower mass gap, corresponding to the range 3–5M_⊙. If interpreted as a neutron star–black hole merger, this event has the most symmetric mass ratio detected so far and therefore has a relatively high probability of producing electromagnetic (EM) emission. However, no EM counterpart has been reported. At the merger timet₀, Swift-BAT and Fermi-GBM together covered 100% of the sky. Performing a targeted search in a time window [t₀− 20 s,t₀+ 20 s], we report no detection by the Swift-BAT and Fermi-GBM instruments. Combining the position-dependentγ-ray flux upper limits and the gravitational-wave posterior distribution of luminosity distance, sky localization, and inclination angle of the binary, we derive constraints on the characteristic luminosity and structure of the jet possibly launched during the merger. Assuming atop-hatjet structure, we exclude at 90% credibility the presence of a jet that has at the same time an on-axis isotropic luminosity ≳10⁴⁸erg s⁻¹in the bolometric band 1 keV–10 MeV and a jet opening angle ≳15°. Similar constraints are derived by testing other assumptions about the jet structure profile. Excluding GRB 170817A, the luminosity upper limits derived here are below the luminosity of any GRB observed so far.