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Lowest closing price since 1 June 2020
Gold closed at $1,847.30 per troy ounce on 1 January 2021, down $45.80 (2.42%) from the previous close of $1,893.10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,582.90, making this a +16.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,847.30 per troy ounce on 1 January 2021. That is $45.80 lower than the previous close of $1,893.10, a move of -2.42%.
The gold price fell on 1 January 2021, losing $45.80 (2.42%) against the previous session's close of $1,893.10.
At $1,847.30 per troy ounce, one gram of pure gold was worth about $59.39 on 1 January 2021. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2021 18k gold was worth about $44.54 per gram and 14k about $34.65 per gram, against $59.39 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.7 on 1 January 2021, meaning one ounce of gold was worth roughly 68.7 ounces of silver.
A week before 1 January 2021, gold was around $1,893.10 per troy ounce, so the close of $1,847.30 is a loss of 2.4% over the week.
A month before 1 January 2021, gold was around $1,893.10 per troy ounce, so the close of $1,847.30 is a loss of 2.4% over the month.
A year before 1 January 2021, gold was around $1,582.90 per troy ounce. The close of $1,847.30 therefore represents a rise of 16.7% over twelve months.