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Gold's highest closing price on record
Gold closed at $1,556.00 per troy ounce on 1 April 2011, up $117.10 (8.14%) from the previous close of $1,438.90.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,180.10, making this a +31.85% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,556.00 per troy ounce on 1 April 2011. That is $117.10 higher than the previous close of $1,438.90, a move of 8.14%.
The gold price rose on 1 April 2011, gaining $117.10 (8.14%) against the previous session's close of $1,438.90.
At $1,556.00 per troy ounce, one gram of pure gold was worth about $50.03 on 1 April 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 April 2011 18k gold was worth about $37.52 per gram and 14k about $29.18 per gram, against $50.03 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 32.0 on 1 April 2011, meaning one ounce of gold was worth roughly 32.0 ounces of silver.
A week before 1 April 2011, gold was around $1,438.90 per troy ounce, so the close of $1,556.00 is a gain of 8.1% over the week.
A month before 1 April 2011, gold was around $1,438.90 per troy ounce, so the close of $1,556.00 is a gain of 8.1% over the month.
A year before 1 April 2011, gold was around $1,180.10 per troy ounce. The close of $1,556.00 therefore represents a rise of 31.9% over twelve months.