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Gold's highest closing price on record
Gold closed at $2,493.80 per troy ounce on 1 August 2024, up $67.30 (2.77%) from the previous close of $2,426.50.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,938.20, making this a +28.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,493.80 per troy ounce on 1 August 2024. That is $67.30 higher than the previous close of $2,426.50, a move of 2.77%.
The gold price rose on 1 August 2024, gaining $67.30 (2.77%) against the previous session's close of $2,426.50.
At $2,493.80 per troy ounce, one gram of pure gold was worth about $80.18 on 1 August 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2024 18k gold was worth about $60.13 per gram and 14k about $46.77 per gram, against $80.18 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.8 on 1 August 2024, meaning one ounce of gold was worth roughly 86.8 ounces of silver.
A week before 1 August 2024, gold was around $2,426.50 per troy ounce, so the close of $2,493.80 is a gain of 2.8% over the week.
A month before 1 August 2024, gold was around $2,426.50 per troy ounce, so the close of $2,493.80 is a gain of 2.8% over the month.
A year before 1 August 2024, gold was around $1,938.20 per troy ounce. The close of $2,493.80 therefore represents a rise of 28.7% over twelve months.