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Gold's highest closing price on record
Gold closed at $1,628.30 per troy ounce on 1 July 2011, up $126.00 (8.39%) from the previous close of $1,502.30.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,181.70, making this a +37.79% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,628.30 per troy ounce on 1 July 2011. That is $126.00 higher than the previous close of $1,502.30, a move of 8.39%.
The gold price rose on 1 July 2011, gaining $126.00 (8.39%) against the previous session's close of $1,502.30.
At $1,628.30 per troy ounce, one gram of pure gold was worth about $52.35 on 1 July 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 July 2011 18k gold was worth about $39.26 per gram and 14k about $30.54 per gram, against $52.35 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 40.6 on 1 July 2011, meaning one ounce of gold was worth roughly 40.6 ounces of silver.
A week before 1 July 2011, gold was around $1,502.30 per troy ounce, so the close of $1,628.30 is a gain of 8.4% over the week.
A month before 1 July 2011, gold was around $1,502.30 per troy ounce, so the close of $1,628.30 is a gain of 8.4% over the month.
A year before 1 July 2011, gold was around $1,181.70 per troy ounce. The close of $1,628.30 therefore represents a rise of 37.8% over twelve months.