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Gold's highest closing price on record
Gold closed at $3,473.70 per troy ounce on 1 August 2025, up $180.50 (5.48%) from the previous close of $3,293.20.
Notable session: highest close of the month; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $2,493.80, making this a +39.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $3,473.70 per troy ounce on 1 August 2025. That is $180.50 higher than the previous close of $3,293.20, a move of 5.48%.
The gold price rose on 1 August 2025, gaining $180.50 (5.48%) against the previous session's close of $3,293.20.
At $3,473.70 per troy ounce, one gram of pure gold was worth about $111.68 on 1 August 2025. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 August 2025 18k gold was worth about $83.76 per gram and 14k about $65.15 per gram, against $111.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.4 on 1 August 2025, meaning one ounce of gold was worth roughly 86.4 ounces of silver.
A week before 1 August 2025, gold was around $3,334.00 per troy ounce, so the close of $3,473.70 is a gain of 4.2% over the week.
A month before 1 August 2025, gold was around $3,293.20 per troy ounce, so the close of $3,473.70 is a gain of 5.5% over the month.
A year before 1 August 2025, gold was around $2,493.80 per troy ounce. The close of $3,473.70 therefore represents a rise of 39.3% over twelve months.