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Lowest closing price since 1 October 2009
Gold closed at $1,060.30 per troy ounce on 1 December 2015, down $81.20 (7.11%) from the previous close of $1,141.50.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,183.90, making this a -10.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,060.30 per troy ounce on 1 December 2015. That is $81.20 lower than the previous close of $1,141.50, a move of -7.11%.
The gold price fell on 1 December 2015, losing $81.20 (7.11%) against the previous session's close of $1,141.50.
At $1,060.30 per troy ounce, one gram of pure gold was worth about $34.09 on 1 December 2015. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2015 18k gold was worth about $25.57 per gram and 14k about $19.89 per gram, against $34.09 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.0 on 1 December 2015, meaning one ounce of gold was worth roughly 77.0 ounces of silver.
A week before 1 December 2015, gold was around $1,141.50 per troy ounce, so the close of $1,060.30 is a loss of 7.1% over the week.
A month before 1 December 2015, gold was around $1,141.50 per troy ounce, so the close of $1,060.30 is a loss of 7.1% over the month.
A year before 1 December 2015, gold was around $1,183.90 per troy ounce. The close of $1,060.30 therefore represents a fall of 10.4% over twelve months.