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Lowest closing price since 1 June 2011
Gold closed at $1,565.80 per troy ounce on 1 December 2011, down $179.70 (10.30%) from the previous close of $1,745.50.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,421.10, making this a +10.18% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,565.80 per troy ounce on 1 December 2011. That is $179.70 lower than the previous close of $1,745.50, a move of -10.30%.
The gold price fell on 1 December 2011, losing $179.70 (10.30%) against the previous session's close of $1,745.50.
At $1,565.80 per troy ounce, one gram of pure gold was worth about $50.34 on 1 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2011 18k gold was worth about $37.76 per gram and 14k about $29.37 per gram, against $50.34 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.2 on 1 December 2011, meaning one ounce of gold was worth roughly 56.2 ounces of silver.
A week before 1 December 2011, gold was around $1,745.50 per troy ounce, so the close of $1,565.80 is a loss of 10.3% over the week.
A month before 1 December 2011, gold was around $1,745.50 per troy ounce, so the close of $1,565.80 is a loss of 10.3% over the month.
A year before 1 December 2011, gold was around $1,421.10 per troy ounce. The close of $1,565.80 therefore represents a rise of 10.2% over twelve months.