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Gold's highest closing price on record
Gold closed at $978.80 per troy ounce on 1 May 2009, up $88.10 (9.89%) from the previous close of $890.70.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $887.30, making this a +10.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $978.80 per troy ounce on 1 May 2009. That is $88.10 higher than the previous close of $890.70, a move of 9.89%.
The gold price rose on 1 May 2009, gaining $88.10 (9.89%) against the previous session's close of $890.70.
At $978.80 per troy ounce, one gram of pure gold was worth about $31.47 on 1 May 2009. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2009 18k gold was worth about $23.60 per gram and 14k about $18.36 per gram, against $31.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.7 on 1 May 2009, meaning one ounce of gold was worth roughly 62.7 ounces of silver.
A week before 1 May 2009, gold was around $890.70 per troy ounce, so the close of $978.80 is a gain of 9.9% over the week.
A month before 1 May 2009, gold was around $890.70 per troy ounce, so the close of $978.80 is a gain of 9.9% over the month.
A year before 1 May 2009, gold was around $887.30 per troy ounce. The close of $978.80 therefore represents a rise of 10.3% over twelve months.