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Lowest closing price since 1 April 2020
Gold closed at $1,713.80 per troy ounce on 1 March 2021, down $14.30 (0.83%) from the previous close of $1,728.10.
Notable session: lowest close of the year.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,564.10, making this a +9.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,713.80 per troy ounce on 1 March 2021. That is $14.30 lower than the previous close of $1,728.10, a move of -0.83%.
The gold price fell on 1 March 2021, losing $14.30 (0.83%) against the previous session's close of $1,728.10.
At $1,713.80 per troy ounce, one gram of pure gold was worth about $55.10 on 1 March 2021. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2021 18k gold was worth about $41.32 per gram and 14k about $32.14 per gram, against $55.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.9 on 1 March 2021, meaning one ounce of gold was worth roughly 69.9 ounces of silver.
A week before 1 March 2021, gold was around $1,728.10 per troy ounce, so the close of $1,713.80 is a loss of 0.8% over the week.
A month before 1 March 2021, gold was around $1,728.10 per troy ounce, so the close of $1,713.80 is a loss of 0.8% over the month.
A year before 1 March 2021, gold was around $1,564.10 per troy ounce. The close of $1,713.80 therefore represents a rise of 9.6% over twelve months.