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Highest closing price since 1 May 2018
Gold closed at $1,278.30 per troy ounce on 1 December 2018, up $58.10 (4.76%) from the previous close of $1,220.20.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,306.30, making this a -2.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,278.30 per troy ounce on 1 December 2018. That is $58.10 higher than the previous close of $1,220.20, a move of 4.76%.
The gold price rose on 1 December 2018, gaining $58.10 (4.76%) against the previous session's close of $1,220.20.
At $1,278.30 per troy ounce, one gram of pure gold was worth about $41.10 on 1 December 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 December 2018 18k gold was worth about $30.82 per gram and 14k about $23.97 per gram, against $41.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.8 on 1 December 2018, meaning one ounce of gold was worth roughly 82.8 ounces of silver.
A week before 1 December 2018, gold was around $1,220.20 per troy ounce, so the close of $1,278.30 is a gain of 4.8% over the week.
A month before 1 December 2018, gold was around $1,220.20 per troy ounce, so the close of $1,278.30 is a gain of 4.8% over the month.
A year before 1 December 2018, gold was around $1,306.30 per troy ounce. The close of $1,278.30 therefore represents a fall of 2.1% over twelve months.