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Highest closing price since 1 November 2011
Gold closed at $1,709.90 per troy ounce on 1 February 2012, up $144.10 (9.20%) from the previous close of $1,565.80.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,409.30, making this a +21.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,709.90 per troy ounce on 1 February 2012. That is $144.10 higher than the previous close of $1,565.80, a move of 9.20%.
The gold price rose on 1 February 2012, gaining $144.10 (9.20%) against the previous session's close of $1,565.80.
At $1,709.90 per troy ounce, one gram of pure gold was worth about $54.97 on 1 February 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2012 18k gold was worth about $41.23 per gram and 14k about $32.07 per gram, against $54.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.4 on 1 February 2012, meaning one ounce of gold was worth roughly 49.4 ounces of silver.
A week before 1 February 2012, gold was around $1,565.80 per troy ounce, so the close of $1,709.90 is a gain of 9.2% over the week.
A month before 1 February 2012, gold was around $1,565.80 per troy ounce, so the close of $1,709.90 is a gain of 9.2% over the month.
A year before 1 February 2012, gold was around $1,409.30 per troy ounce. The close of $1,709.90 therefore represents a rise of 21.3% over twelve months.