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Gold's highest closing price on record
Gold closed at $2,217.40 per troy ounce on 1 March 2024, up $171.70 (8.39%) from the previous close of $2,045.70.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,969.00, making this a +12.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,217.40 per troy ounce on 1 March 2024. That is $171.70 higher than the previous close of $2,045.70, a move of 8.39%.
The gold price rose on 1 March 2024, gaining $171.70 (8.39%) against the previous session's close of $2,045.70.
At $2,217.40 per troy ounce, one gram of pure gold was worth about $71.29 on 1 March 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 March 2024 18k gold was worth about $53.47 per gram and 14k about $41.59 per gram, against $71.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 89.4 on 1 March 2024, meaning one ounce of gold was worth roughly 89.4 ounces of silver.
A week before 1 March 2024, gold was around $2,045.70 per troy ounce, so the close of $2,217.40 is a gain of 8.4% over the week.
A month before 1 March 2024, gold was around $2,045.70 per troy ounce, so the close of $2,217.40 is a gain of 8.4% over the month.
A year before 1 March 2024, gold was around $1,969.00 per troy ounce. The close of $2,217.40 therefore represents a rise of 12.6% over twelve months.