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Highest closing price since 1 August 2014
Gold closed at $1,278.50 per troy ounce on 1 January 2015, up $94.60 (7.99%) from the previous close of $1,183.90.
Notable session: highest 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 $1,240.10, making this a +3.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,278.50 per troy ounce on 1 January 2015. That is $94.60 higher than the previous close of $1,183.90, a move of 7.99%.
The gold price rose on 1 January 2015, gaining $94.60 (7.99%) against the previous session's close of $1,183.90.
At $1,278.50 per troy ounce, one gram of pure gold was worth about $41.10 on 1 January 2015. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2015 18k gold was worth about $30.83 per gram and 14k about $23.98 per gram, against $41.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.4 on 1 January 2015, meaning one ounce of gold was worth roughly 74.4 ounces of silver.
A week before 1 January 2015, gold was around $1,183.90 per troy ounce, so the close of $1,278.50 is a gain of 8.0% over the week.
A month before 1 January 2015, gold was around $1,183.90 per troy ounce, so the close of $1,278.50 is a gain of 8.0% over the month.
A year before 1 January 2015, gold was around $1,240.10 per troy ounce. The close of $1,278.50 therefore represents a rise of 3.1% over twelve months.