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Gold's highest closing price on record
Gold closed at $1,438.90 per troy ounce on 1 March 2011, up $29.60 (2.10%) from the previous close of $1,409.30.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,113.30, making this a +29.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,438.90 per troy ounce on 1 March 2011. That is $29.60 higher than the previous close of $1,409.30, a move of 2.10%.
The gold price rose on 1 March 2011, gaining $29.60 (2.10%) against the previous session's close of $1,409.30.
At $1,438.90 per troy ounce, one gram of pure gold was worth about $46.26 on 1 March 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2011 18k gold was worth about $34.70 per gram and 14k about $26.99 per gram, against $46.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 38.0 on 1 March 2011, meaning one ounce of gold was worth roughly 38.0 ounces of silver.
A week before 1 March 2011, gold was around $1,409.30 per troy ounce, so the close of $1,438.90 is a gain of 2.1% over the week.
A month before 1 March 2011, gold was around $1,409.30 per troy ounce, so the close of $1,438.90 is a gain of 2.1% over the month.
A year before 1 March 2011, gold was around $1,113.30 per troy ounce. The close of $1,438.90 therefore represents a rise of 29.2% over twelve months.