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Highest closing price since 1 March 2013
Gold closed at $1,582.90 per troy ounce on 1 January 2020, up $117.30 (8.00%) from the previous close of $1,465.60.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,319.70, making this a +19.94% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,582.90 per troy ounce on 1 January 2020. That is $117.30 higher than the previous close of $1,465.60, a move of 8.00%.
The gold price rose on 1 January 2020, gaining $117.30 (8.00%) against the previous session's close of $1,465.60.
At $1,582.90 per troy ounce, one gram of pure gold was worth about $50.89 on 1 January 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2020 18k gold was worth about $38.17 per gram and 14k about $29.69 per gram, against $50.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 88.1 on 1 January 2020, meaning one ounce of gold was worth roughly 88.1 ounces of silver.
A week before 1 January 2020, gold was around $1,465.60 per troy ounce, so the close of $1,582.90 is a gain of 8.0% over the week.
A month before 1 January 2020, gold was around $1,465.60 per troy ounce, so the close of $1,582.90 is a gain of 8.0% over the month.
A year before 1 January 2020, gold was around $1,319.70 per troy ounce. The close of $1,582.90 therefore represents a rise of 19.9% over twelve months.