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Lowest closing price since 1 November 2007
Gold closed at $829.30 per troy ounce on 1 August 2008, down $84.60 (9.26%) from the previous close of $913.90.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $673.00, making this a +23.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $829.30 per troy ounce on 1 August 2008. That is $84.60 lower than the previous close of $913.90, a move of -9.26%.
The gold price fell on 1 August 2008, losing $84.60 (9.26%) against the previous session's close of $913.90.
At $829.30 per troy ounce, one gram of pure gold was worth about $26.66 on 1 August 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2008 18k gold was worth about $20.00 per gram and 14k about $15.55 per gram, against $26.66 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.9 on 1 August 2008, meaning one ounce of gold was worth roughly 60.9 ounces of silver.
A week before 1 August 2008, gold was around $913.90 per troy ounce, so the close of $829.30 is a loss of 9.3% over the week.
A month before 1 August 2008, gold was around $913.90 per troy ounce, so the close of $829.30 is a loss of 9.3% over the month.
A year before 1 August 2008, gold was around $673.00 per troy ounce. The close of $829.30 therefore represents a rise of 23.2% over twelve months.