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Lowest closing price since 1 January 2016
Gold closed at $1,170.80 per troy ounce on 1 November 2016, down $100.70 (7.92%) from the previous close of $1,271.50.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,141.50, making this a +2.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,170.80 per troy ounce on 1 November 2016. That is $100.70 lower than the previous close of $1,271.50, a move of -7.92%.
The gold price fell on 1 November 2016, losing $100.70 (7.92%) against the previous session's close of $1,271.50.
At $1,170.80 per troy ounce, one gram of pure gold was worth about $37.64 on 1 November 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2016 18k gold was worth about $28.23 per gram and 14k about $21.96 per gram, against $37.64 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.4 on 1 November 2016, meaning one ounce of gold was worth roughly 71.4 ounces of silver.
A week before 1 November 2016, gold was around $1,271.50 per troy ounce, so the close of $1,170.80 is a loss of 7.9% over the week.
A month before 1 November 2016, gold was around $1,271.50 per troy ounce, so the close of $1,170.80 is a loss of 7.9% over the month.
A year before 1 November 2016, gold was around $1,141.50 per troy ounce. The close of $1,170.80 therefore represents a rise of 2.6% over twelve months.