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Gold's highest closing price on record
Gold closed at $972.10 per troy ounce on 1 February 2008, up $49.40 (5.35%) from the previous close of $922.70.
Notable session: highest 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 $669.40, making this a +45.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $972.10 per troy ounce on 1 February 2008. That is $49.40 higher than the previous close of $922.70, a move of 5.35%.
The gold price rose on 1 February 2008, gaining $49.40 (5.35%) against the previous session's close of $922.70.
At $972.10 per troy ounce, one gram of pure gold was worth about $31.25 on 1 February 2008. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2008 18k gold was worth about $23.44 per gram and 14k about $18.23 per gram, against $31.25 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.1 on 1 February 2008, meaning one ounce of gold was worth roughly 49.1 ounces of silver.
A week before 1 February 2008, gold was around $922.70 per troy ounce, so the close of $972.10 is a gain of 5.4% over the week.
A month before 1 February 2008, gold was around $922.70 per troy ounce, so the close of $972.10 is a gain of 5.4% over the month.
A year before 1 February 2008, gold was around $669.40 per troy ounce. The close of $972.10 therefore represents a rise of 45.2% over twelve months.