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Lowest closing price since 1 February 2023
Gold closed at $1,963.90 per troy ounce on 1 May 2023, down $26.20 (1.32%) from the previous close of $1,990.10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,909.30, making this a +2.86% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,963.90 per troy ounce on 1 May 2023. That is $26.20 lower than the previous close of $1,990.10, a move of -1.32%.
The gold price fell on 1 May 2023, losing $26.20 (1.32%) against the previous session's close of $1,990.10.
At $1,963.90 per troy ounce, one gram of pure gold was worth about $63.14 on 1 May 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 May 2023 18k gold was worth about $47.36 per gram and 14k about $36.83 per gram, against $63.14 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.7 on 1 May 2023, meaning one ounce of gold was worth roughly 83.7 ounces of silver.
A week before 1 May 2023, gold was around $1,990.10 per troy ounce, so the close of $1,963.90 is a loss of 1.3% over the week.
A month before 1 May 2023, gold was around $1,990.10 per troy ounce, so the close of $1,963.90 is a loss of 1.3% over the month.
A year before 1 May 2023, gold was around $1,909.30 per troy ounce. The close of $1,963.90 therefore represents a rise of 2.9% over twelve months.