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Gold's highest closing price on record
Gold closed at $1,969.00 per troy ounce on 1 March 2023, up $140.10 (7.66%) from the previous close of $1,828.90.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,949.20, making this a +1.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,969.00 per troy ounce on 1 March 2023. That is $140.10 higher than the previous close of $1,828.90, a move of 7.66%.
The gold price rose on 1 March 2023, gaining $140.10 (7.66%) against the previous session's close of $1,828.90.
At $1,969.00 per troy ounce, one gram of pure gold was worth about $63.30 on 1 March 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2023 18k gold was worth about $47.48 per gram and 14k about $36.93 per gram, against $63.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.8 on 1 March 2023, meaning one ounce of gold was worth roughly 81.8 ounces of silver.
A week before 1 March 2023, gold was around $1,828.90 per troy ounce, so the close of $1,969.00 is a gain of 7.7% over the week.
A month before 1 March 2023, gold was around $1,828.90 per troy ounce, so the close of $1,969.00 is a gain of 7.7% over the month.
A year before 1 March 2023, gold was around $1,949.20 per troy ounce. The close of $1,969.00 therefore represents a rise of 1.0% over twelve months.