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Lowest closing price since 1 June 2023
Gold closed at $1,938.20 per troy ounce on 1 August 2023, down $32.30 (1.64%) from the previous close of $1,970.50.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,712.80, making this a +13.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,938.20 per troy ounce on 1 August 2023. That is $32.30 lower than the previous close of $1,970.50, a move of -1.64%.
The gold price fell on 1 August 2023, losing $32.30 (1.64%) against the previous session's close of $1,970.50.
At $1,938.20 per troy ounce, one gram of pure gold was worth about $62.31 on 1 August 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2023 18k gold was worth about $46.74 per gram and 14k about $36.35 per gram, against $62.31 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.2 on 1 August 2023, meaning one ounce of gold was worth roughly 79.2 ounces of silver.
A week before 1 August 2023, gold was around $1,970.50 per troy ounce, so the close of $1,938.20 is a loss of 1.6% over the week.
A month before 1 August 2023, gold was around $1,970.50 per troy ounce, so the close of $1,938.20 is a loss of 1.6% over the month.
A year before 1 August 2023, gold was around $1,712.80 per troy ounce. The close of $1,938.20 therefore represents a rise of 13.2% over twelve months.