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Gold's lowest closing price on record
Gold closed at $265.60 per troy ounce on 1 January 2001, down $6.400 (2.35%) from the previous close of $272.00.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $265.60 per troy ounce on 1 January 2001. That is $6.40 lower than the previous close of $272.00, a move of -2.35%.
The gold price fell on 1 January 2001, losing $6.40 (2.35%) against the previous session's close of $272.00.
At $265.60 per troy ounce, one gram of pure gold was worth about $8.54 on 1 January 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2001 18k gold was worth about $6.40 per gram and 14k about $4.98 per gram, against $8.54 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.4 on 1 January 2001, meaning one ounce of gold was worth roughly 55.4 ounces of silver.
A week before 1 January 2001, gold was around $272.00 per troy ounce, so the close of $265.60 is a loss of 2.4% over the week.
A month before 1 January 2001, gold was around $272.00 per troy ounce, so the close of $265.60 is a loss of 2.4% over the month.