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Highest closing price since 1 August 2011
Gold closed at $1,724.20 per troy ounce on 1 October 2011, up $103.80 (6.41%) from the previous close of $1,620.40.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,357.10, making this a +27.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,724.20 per troy ounce on 1 October 2011. That is $103.80 higher than the previous close of $1,620.40, a move of 6.41%.
The gold price rose on 1 October 2011, gaining $103.80 (6.41%) against the previous session's close of $1,620.40.
At $1,724.20 per troy ounce, one gram of pure gold was worth about $55.43 on 1 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2011 18k gold was worth about $41.58 per gram and 14k about $32.34 per gram, against $55.43 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.2 on 1 October 2011, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A week before 1 October 2011, gold was around $1,620.40 per troy ounce, so the close of $1,724.20 is a gain of 6.4% over the week.
A month before 1 October 2011, gold was around $1,620.40 per troy ounce, so the close of $1,724.20 is a gain of 6.4% over the month.
A year before 1 October 2011, gold was around $1,357.10 per troy ounce. The close of $1,724.20 therefore represents a rise of 27.1% over twelve months.