Loading…
Lowest closing price since 1 April 2016
Gold closed at $1,306.90 per troy ounce on 1 August 2016, down $42.10 (3.12%) from the previous close of $1,349.00.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,131.60, making this a +15.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,306.90 per troy ounce on 1 August 2016. That is $42.10 lower than the previous close of $1,349.00, a move of -3.12%.
The gold price fell on 1 August 2016, losing $42.10 (3.12%) against the previous session's close of $1,349.00.
At $1,306.90 per troy ounce, one gram of pure gold was worth about $42.02 on 1 August 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2016 18k gold was worth about $31.51 per gram and 14k about $24.51 per gram, against $42.02 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.2 on 1 August 2016, meaning one ounce of gold was worth roughly 70.2 ounces of silver.
A week before 1 August 2016, gold was around $1,349.00 per troy ounce, so the close of $1,306.90 is a loss of 3.1% over the week.
A month before 1 August 2016, gold was around $1,349.00 per troy ounce, so the close of $1,306.90 is a loss of 3.1% over the month.
A year before 1 August 2016, gold was around $1,131.60 per troy ounce. The close of $1,306.90 therefore represents a rise of 15.5% over twelve months.