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Lowest closing price since 1 December 2011
Gold closed at $1,669.30 per troy ounce on 1 March 2012, down $40.60 (2.37%) from the previous close of $1,709.90.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,438.90, making this a +16.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,669.30 per troy ounce on 1 March 2012. That is $40.60 lower than the previous close of $1,709.90, a move of -2.37%.
The gold price fell on 1 March 2012, losing $40.60 (2.37%) against the previous session's close of $1,709.90.
At $1,669.30 per troy ounce, one gram of pure gold was worth about $53.67 on 1 March 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2012 18k gold was worth about $40.25 per gram and 14k about $31.31 per gram, against $53.67 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.4 on 1 March 2012, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A week before 1 March 2012, gold was around $1,709.90 per troy ounce, so the close of $1,669.30 is a loss of 2.4% over the week.
A month before 1 March 2012, gold was around $1,709.90 per troy ounce, so the close of $1,669.30 is a loss of 2.4% over the month.
A year before 1 March 2012, gold was around $1,438.90 per troy ounce. The close of $1,669.30 therefore represents a rise of 16.0% over twelve months.