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Lowest closing price since 1 September 2010
Gold closed at $1,333.80 per troy ounce on 1 January 2011, down $87.30 (6.14%) from the previous close of $1,421.10.
Notable session: lowest 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 $1,083.00, making this a +23.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,333.80 per troy ounce on 1 January 2011. That is $87.30 lower than the previous close of $1,421.10, a move of -6.14%.
The gold price fell on 1 January 2011, losing $87.30 (6.14%) against the previous session's close of $1,421.10.
At $1,333.80 per troy ounce, one gram of pure gold was worth about $42.88 on 1 January 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2011 18k gold was worth about $32.16 per gram and 14k about $25.01 per gram, against $42.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 47.3 on 1 January 2011, meaning one ounce of gold was worth roughly 47.3 ounces of silver.
A week before 1 January 2011, gold was around $1,421.10 per troy ounce, so the close of $1,333.80 is a loss of 6.1% over the week.
A month before 1 January 2011, gold was around $1,421.10 per troy ounce, so the close of $1,333.80 is a loss of 6.1% over the month.
A year before 1 January 2011, gold was around $1,083.00 per troy ounce. The close of $1,333.80 therefore represents a rise of 23.2% over twelve months.