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Highest closing price since 1 April 2023
Gold closed at $1,970.50 per troy ounce on 1 July 2023, up $49.40 (2.57%) from the previous close of $1,921.10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,762.90, making this a +11.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,970.50 per troy ounce on 1 July 2023. That is $49.40 higher than the previous close of $1,921.10, a move of 2.57%.
The gold price rose on 1 July 2023, gaining $49.40 (2.57%) against the previous session's close of $1,921.10.
At $1,970.50 per troy ounce, one gram of pure gold was worth about $63.35 on 1 July 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 July 2023 18k gold was worth about $47.51 per gram and 14k about $36.96 per gram, against $63.35 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.3 on 1 July 2023, meaning one ounce of gold was worth roughly 79.3 ounces of silver.
A week before 1 July 2023, gold was around $1,921.10 per troy ounce, so the close of $1,970.50 is a gain of 2.6% over the week.
A month before 1 July 2023, gold was around $1,921.10 per troy ounce, so the close of $1,970.50 is a gain of 2.6% over the month.
A year before 1 July 2023, gold was around $1,762.90 per troy ounce. The close of $1,970.50 therefore represents a rise of 11.8% over twelve months.