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Gold's lowest closing price on record
Gold closed at $257.90 per troy ounce on 1 March 2001, down $8.900 (3.34%) from the previous close of $266.80.
Notable session: lowest price on record; lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $257.90 per troy ounce on 1 March 2001. That is $8.90 lower than the previous close of $266.80, a move of -3.34%.
The gold price fell on 1 March 2001, losing $8.90 (3.34%) against the previous session's close of $266.80.
At $257.90 per troy ounce, one gram of pure gold was worth about $8.29 on 1 March 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2001 18k gold was worth about $6.22 per gram and 14k about $4.84 per gram, against $8.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.3 on 1 March 2001, meaning one ounce of gold was worth roughly 60.3 ounces of silver.
A week before 1 March 2001, gold was around $266.80 per troy ounce, so the close of $257.90 is a loss of 3.3% over the week.
A month before 1 March 2001, gold was around $266.80 per troy ounce, so the close of $257.90 is a loss of 3.3% over the month.