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Lowest closing price since 1 December 2016
Gold closed at $1,200.30 per troy ounce on 1 August 2018, down $51.00 (4.08%) from the previous close of $1,251.30.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,316.20, making this a -8.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,200.30 per troy ounce on 1 August 2018. That is $51.00 lower than the previous close of $1,251.30, a move of -4.08%.
The gold price fell on 1 August 2018, losing $51.00 (4.08%) against the previous session's close of $1,251.30.
At $1,200.30 per troy ounce, one gram of pure gold was worth about $38.59 on 1 August 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2018 18k gold was worth about $28.94 per gram and 14k about $22.51 per gram, against $38.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.1 on 1 August 2018, meaning one ounce of gold was worth roughly 83.1 ounces of silver.
A week before 1 August 2018, gold was around $1,251.30 per troy ounce, so the close of $1,200.30 is a loss of 4.1% over the week.
A month before 1 August 2018, gold was around $1,251.30 per troy ounce, so the close of $1,200.30 is a loss of 4.1% over the month.
A year before 1 August 2018, gold was around $1,316.20 per troy ounce. The close of $1,200.30 therefore represents a fall of 8.8% over twelve months.