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Lowest closing price since 1 January 2011
Gold closed at $1,392.60 per troy ounce on 1 May 2013, down $79.60 (5.41%) from the previous close of $1,472.20.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,562.60, making this a -10.88% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,392.60 per troy ounce on 1 May 2013. That is $79.60 lower than the previous close of $1,472.20, a move of -5.41%.
The gold price fell on 1 May 2013, losing $79.60 (5.41%) against the previous session's close of $1,472.20.
At $1,392.60 per troy ounce, one gram of pure gold was worth about $44.77 on 1 May 2013. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2013 18k gold was worth about $33.58 per gram and 14k about $26.12 per gram, against $44.77 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.7 on 1 May 2013, meaning one ounce of gold was worth roughly 62.7 ounces of silver.
A week before 1 May 2013, gold was around $1,472.20 per troy ounce, so the close of $1,392.60 is a loss of 5.4% over the week.
A month before 1 May 2013, gold was around $1,472.20 per troy ounce, so the close of $1,392.60 is a loss of 5.4% over the month.
A year before 1 May 2013, gold was around $1,562.60 per troy ounce. The close of $1,392.60 therefore represents a fall of 10.9% over twelve months.