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Gold's highest closing price on record
Gold closed at $1,962.80 per troy ounce on 1 July 2020, up $169.80 (9.47%) from the previous close of $1,793.00.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,426.10, making this a +37.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,962.80 per troy ounce on 1 July 2020. That is $169.80 higher than the previous close of $1,793.00, a move of 9.47%.
The gold price rose on 1 July 2020, gaining $169.80 (9.47%) against the previous session's close of $1,793.00.
At $1,962.80 per troy ounce, one gram of pure gold was worth about $63.11 on 1 July 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 July 2020 18k gold was worth about $47.33 per gram and 14k about $36.81 per gram, against $63.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.1 on 1 July 2020, meaning one ounce of gold was worth roughly 81.1 ounces of silver.
A week before 1 July 2020, gold was around $1,793.00 per troy ounce, so the close of $1,962.80 is a gain of 9.5% over the week.
A month before 1 July 2020, gold was around $1,793.00 per troy ounce, so the close of $1,962.80 is a gain of 9.5% over the month.
A year before 1 July 2020, gold was around $1,426.10 per troy ounce. The close of $1,962.80 therefore represents a rise of 37.6% over twelve months.