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Lowest closing price since 1 June 2013
Gold closed at $1,240.10 per troy ounce on 1 January 2014, down $10.50 (0.84%) from the previous close of $1,250.60.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,660.60, making this a -25.32% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,240.10 per troy ounce on 1 January 2014. That is $10.50 lower than the previous close of $1,250.60, a move of -0.84%.
The gold price fell on 1 January 2014, losing $10.50 (0.84%) against the previous session's close of $1,250.60.
At $1,240.10 per troy ounce, one gram of pure gold was worth about $39.87 on 1 January 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2014 18k gold was worth about $29.90 per gram and 14k about $23.26 per gram, against $39.87 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.9 on 1 January 2014, meaning one ounce of gold was worth roughly 64.9 ounces of silver.
A week before 1 January 2014, gold was around $1,250.60 per troy ounce, so the close of $1,240.10 is a loss of 0.8% over the week.
A month before 1 January 2014, gold was around $1,250.60 per troy ounce, so the close of $1,240.10 is a loss of 0.8% over the month.
A year before 1 January 2014, gold was around $1,660.60 per troy ounce. The close of $1,240.10 therefore represents a fall of 25.3% over twelve months.