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Highest closing price since 1 July 2016
Gold closed at $1,316.20 per troy ounce on 1 August 2017, up $49.60 (3.92%) from the previous close of $1,266.60.
Notable session: highest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,306.90, making this a +0.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,316.20 per troy ounce on 1 August 2017. That is $49.60 higher than the previous close of $1,266.60, a move of 3.92%.
The gold price rose on 1 August 2017, gaining $49.60 (3.92%) against the previous session's close of $1,266.60.
At $1,316.20 per troy ounce, one gram of pure gold was worth about $42.32 on 1 August 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2017 18k gold was worth about $31.74 per gram and 14k about $24.68 per gram, against $42.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.3 on 1 August 2017, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A week before 1 August 2017, gold was around $1,266.60 per troy ounce, so the close of $1,316.20 is a gain of 3.9% over the week.
A month before 1 August 2017, gold was around $1,266.60 per troy ounce, so the close of $1,316.20 is a gain of 3.9% over the month.
A year before 1 August 2017, gold was around $1,306.90 per troy ounce. The close of $1,316.20 therefore represents a rise of 0.7% over twelve months.