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Lowest closing price since 1 November 2019
Gold closed at $1,564.10 per troy ounce on 1 February 2020, down $18.80 (1.19%) from the previous close of $1,582.90.
Notable session: lowest close of the year.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,312.80, making this a +19.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,564.10 per troy ounce on 1 February 2020. That is $18.80 lower than the previous close of $1,582.90, a move of -1.19%.
The gold price fell on 1 February 2020, losing $18.80 (1.19%) against the previous session's close of $1,582.90.
At $1,564.10 per troy ounce, one gram of pure gold was worth about $50.29 on 1 February 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 February 2020 18k gold was worth about $37.72 per gram and 14k about $29.33 per gram, against $50.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 95.4 on 1 February 2020, meaning one ounce of gold was worth roughly 95.4 ounces of silver.
A week before 1 February 2020, gold was around $1,582.90 per troy ounce, so the close of $1,564.10 is a loss of 1.2% over the week.
A month before 1 February 2020, gold was around $1,582.90 per troy ounce, so the close of $1,564.10 is a loss of 1.2% over the month.
A year before 1 February 2020, gold was around $1,312.80 per troy ounce. The close of $1,564.10 therefore represents a rise of 19.1% over twelve months.