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Lowest closing price since 1 March 2010
Gold closed at $1,171.10 per troy ounce on 1 October 2014, down $39.40 (3.25%) from the previous close of $1,210.50.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,323.60, making this a -11.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,171.10 per troy ounce on 1 October 2014. That is $39.40 lower than the previous close of $1,210.50, a move of -3.25%.
The gold price fell on 1 October 2014, losing $39.40 (3.25%) against the previous session's close of $1,210.50.
At $1,171.10 per troy ounce, one gram of pure gold was worth about $37.65 on 1 October 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2014 18k gold was worth about $28.24 per gram and 14k about $21.96 per gram, against $37.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.8 on 1 October 2014, meaning one ounce of gold was worth roughly 72.8 ounces of silver.
A week before 1 October 2014, gold was around $1,210.50 per troy ounce, so the close of $1,171.10 is a loss of 3.3% over the week.
A month before 1 October 2014, gold was around $1,210.50 per troy ounce, so the close of $1,171.10 is a loss of 3.3% over the month.
A year before 1 October 2014, gold was around $1,323.60 per troy ounce. The close of $1,171.10 therefore represents a fall of 11.5% over twelve months.