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Lowest closing price since 1 April 2020
Gold closed at $1,712.80 per troy ounce on 1 August 2022, down $50.10 (2.84%) from the previous close of $1,762.90.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,812.60, making this a -5.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,712.80 per troy ounce on 1 August 2022. That is $50.10 lower than the previous close of $1,762.90, a move of -2.84%.
The gold price fell on 1 August 2022, losing $50.10 (2.84%) against the previous session's close of $1,762.90.
At $1,712.80 per troy ounce, one gram of pure gold was worth about $55.07 on 1 August 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2022 18k gold was worth about $41.30 per gram and 14k about $32.12 per gram, against $55.07 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 96.4 on 1 August 2022, meaning one ounce of gold was worth roughly 96.4 ounces of silver.
A week before 1 August 2022, gold was around $1,762.90 per troy ounce, so the close of $1,712.80 is a loss of 2.8% over the week.
A month before 1 August 2022, gold was around $1,762.90 per troy ounce, so the close of $1,712.80 is a loss of 2.8% over the month.
A year before 1 August 2022, gold was around $1,812.60 per troy ounce. The close of $1,712.80 therefore represents a fall of 5.5% over twelve months.