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Lowest closing price since 1 January 2016
Gold closed at $1,150.00 per troy ounce on 1 December 2016, down $20.80 (1.78%) from the previous close of $1,170.80.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,060.30, making this a +8.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,150.00 per troy ounce on 1 December 2016. That is $20.80 lower than the previous close of $1,170.80, a move of -1.78%.
The gold price fell on 1 December 2016, losing $20.80 (1.78%) against the previous session's close of $1,170.80.
At $1,150.00 per troy ounce, one gram of pure gold was worth about $36.97 on 1 December 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2016 18k gold was worth about $27.73 per gram and 14k about $21.57 per gram, against $36.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.2 on 1 December 2016, meaning one ounce of gold was worth roughly 72.2 ounces of silver.
A week before 1 December 2016, gold was around $1,170.80 per troy ounce, so the close of $1,150.00 is a loss of 1.8% over the week.
A month before 1 December 2016, gold was around $1,170.80 per troy ounce, so the close of $1,150.00 is a loss of 1.8% over the month.
A year before 1 December 2016, gold was around $1,060.30 per troy ounce. The close of $1,150.00 therefore represents a rise of 8.5% over twelve months.