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Highest closing price since 1 July 2016
Gold closed at $1,339.00 per troy ounce on 1 January 2018, up $32.70 (2.50%) from the previous close of $1,306.30.
Notable session: highest close of the year.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,150.00, making this a +16.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,339.00 per troy ounce on 1 January 2018. That is $32.70 higher than the previous close of $1,306.30, a move of 2.50%.
The gold price rose on 1 January 2018, gaining $32.70 (2.50%) against the previous session's close of $1,306.30.
At $1,339.00 per troy ounce, one gram of pure gold was worth about $43.05 on 1 January 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2018 18k gold was worth about $32.29 per gram and 14k about $25.11 per gram, against $43.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 77.8 on 1 January 2018, meaning one ounce of gold was worth roughly 77.8 ounces of silver.
A week before 1 January 2018, gold was around $1,306.30 per troy ounce, so the close of $1,339.00 is a gain of 2.5% over the week.
A month before 1 January 2018, gold was around $1,306.30 per troy ounce, so the close of $1,339.00 is a gain of 2.5% over the month.
A year before 1 January 2018, gold was around $1,150.00 per troy ounce. The close of $1,339.00 therefore represents a rise of 16.4% over twelve months.