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Highest closing price since 1 January 2015
Gold closed at $1,234.20 per troy ounce on 1 March 2016, up $0.300 (0.02%) from the previous close of $1,233.90.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,278.50, making this a -3.47% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,234.20 per troy ounce on 1 March 2016. That is $0.30 higher than the previous close of $1,233.90, a move of 0.02%.
The gold price rose on 1 March 2016, gaining $0.30 (0.02%) against the previous session's close of $1,233.90.
At $1,234.20 per troy ounce, one gram of pure gold was worth about $39.68 on 1 March 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2016 18k gold was worth about $29.76 per gram and 14k about $23.15 per gram, against $39.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.8 on 1 March 2016, meaning one ounce of gold was worth roughly 79.8 ounces of silver.
A week before 1 March 2016, gold was around $1,233.90 per troy ounce, so the close of $1,234.20 is a gain of 0.0% over the week.
A month before 1 March 2016, gold was around $1,233.90 per troy ounce, so the close of $1,234.20 is a gain of 0.0% over the month.
A year before 1 March 2016, gold was around $1,278.50 per troy ounce. The close of $1,234.20 therefore represents a fall of 3.5% over twelve months.