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Gold's highest closing price on record
Gold closed at $2,426.50 per troy ounce on 1 July 2024, up $98.80 (4.24%) from the previous close of $2,327.70.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,970.50, making this a +23.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,426.50 per troy ounce on 1 July 2024. That is $98.80 higher than the previous close of $2,327.70, a move of 4.24%.
The gold price rose on 1 July 2024, gaining $98.80 (4.24%) against the previous session's close of $2,327.70.
At $2,426.50 per troy ounce, one gram of pure gold was worth about $78.01 on 1 July 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 July 2024 18k gold was worth about $58.51 per gram and 14k about $45.51 per gram, against $78.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.3 on 1 July 2024, meaning one ounce of gold was worth roughly 84.3 ounces of silver.
A week before 1 July 2024, gold was around $2,327.70 per troy ounce, so the close of $2,426.50 is a gain of 4.2% over the week.
A month before 1 July 2024, gold was around $2,327.70 per troy ounce, so the close of $2,426.50 is a gain of 4.2% over the month.
A year before 1 July 2024, gold was around $1,970.50 per troy ounce. The close of $2,426.50 therefore represents a rise of 23.1% over twelve months.