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Lowest closing price since 1 March 2011
Gold closed at $1,502.30 per troy ounce on 1 June 2011, down $53.70 (3.45%) from the previous close of $1,556.00.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,245.50, making this a +20.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,502.30 per troy ounce on 1 June 2011. That is $53.70 lower than the previous close of $1,556.00, a move of -3.45%.
The gold price fell on 1 June 2011, losing $53.70 (3.45%) against the previous session's close of $1,556.00.
At $1,502.30 per troy ounce, one gram of pure gold was worth about $48.30 on 1 June 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 June 2011 18k gold was worth about $36.23 per gram and 14k about $28.18 per gram, against $48.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 43.2 on 1 June 2011, meaning one ounce of gold was worth roughly 43.2 ounces of silver.
A week before 1 June 2011, gold was around $1,556.00 per troy ounce, so the close of $1,502.30 is a loss of 3.5% over the week.
A month before 1 June 2011, gold was around $1,556.00 per troy ounce, so the close of $1,502.30 is a loss of 3.5% over the month.
A year before 1 June 2011, gold was around $1,245.50 per troy ounce. The close of $1,502.30 therefore represents a rise of 20.6% over twelve months.