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Gold's highest closing price on record
Gold closed at $274.40 per troy ounce on 1 August 2001, up $3.800 (1.40%) from the previous close of $270.60.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $274.40 per troy ounce on 1 August 2001. That is $3.80 higher than the previous close of $270.60, a move of 1.40%.
The gold price rose on 1 August 2001, gaining $3.80 (1.40%) against the previous session's close of $270.60.
At $274.40 per troy ounce, one gram of pure gold was worth about $8.82 on 1 August 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2001 18k gold was worth about $6.62 per gram and 14k about $5.15 per gram, against $8.82 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.9 on 1 August 2001, meaning one ounce of gold was worth roughly 65.9 ounces of silver.
A week before 1 August 2001, gold was around $270.60 per troy ounce, so the close of $274.40 is a gain of 1.4% over the week.
A month before 1 August 2001, gold was around $270.60 per troy ounce, so the close of $274.40 is a gain of 1.4% over the month.