Lowest closing price since 1 July 2019
Gold closed at $1,465.60 per troy ounce on 1 November 2019, down $45.80 (3.03%) from the previous close of $1,511.40.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,220.20, making this a +20.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,465.60 per troy ounce on 1 November 2019. That is $45.80 lower than the previous close of $1,511.40, a move of -3.03%.
The gold price fell on 1 November 2019, losing $45.80 (3.03%) against the previous session's close of $1,511.40.
At $1,465.60 per troy ounce, one gram of pure gold was worth about $47.12 on 1 November 2019. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 November 2019 18k gold was worth about $35.34 per gram and 14k about $27.49 per gram, against $47.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.4 on 1 November 2019, meaning one ounce of gold was worth roughly 86.4 ounces of silver.
A week before 1 November 2019, gold was around $1,511.40 per troy ounce, so the close of $1,465.60 is a loss of 3.0% over the week.
A month before 1 November 2019, gold was around $1,511.40 per troy ounce, so the close of $1,465.60 is a loss of 3.0% over the month.
A year before 1 November 2019, gold was around $1,220.20 per troy ounce. The close of $1,465.60 therefore represents a rise of 20.1% over twelve months.