Loading…
Lowest closing price since 1 December 2016
Gold closed at $1,240.70 per troy ounce on 1 June 2017, down $31.30 (2.46%) from the previous close of $1,272.00.
Notable session: lowest close of the year.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,318.40, making this a -5.89% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,240.70 per troy ounce on 1 June 2017. That is $31.30 lower than the previous close of $1,272.00, a move of -2.46%.
The gold price fell on 1 June 2017, losing $31.30 (2.46%) against the previous session's close of $1,272.00.
At $1,240.70 per troy ounce, one gram of pure gold was worth about $39.89 on 1 June 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 June 2017 18k gold was worth about $29.92 per gram and 14k about $23.27 per gram, against $39.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.9 on 1 June 2017, meaning one ounce of gold was worth roughly 74.9 ounces of silver.
A week before 1 June 2017, gold was around $1,272.00 per troy ounce, so the close of $1,240.70 is a loss of 2.5% over the week.
A month before 1 June 2017, gold was around $1,272.00 per troy ounce, so the close of $1,240.70 is a loss of 2.5% over the month.
A year before 1 June 2017, gold was around $1,318.40 per troy ounce. The close of $1,240.70 therefore represents a fall of 5.9% over twelve months.