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Lowest closing price since 1 March 2016
Gold closed at $1,271.50 per troy ounce on 1 October 2016, down $41.80 (3.18%) from the previous close of $1,313.30.
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 +11.39% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,271.50 per troy ounce on 1 October 2016. That is $41.80 lower than the previous close of $1,313.30, a move of -3.18%.
The gold price fell on 1 October 2016, losing $41.80 (3.18%) against the previous session's close of $1,313.30.
At $1,271.50 per troy ounce, one gram of pure gold was worth about $40.88 on 1 October 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2016 18k gold was worth about $30.66 per gram and 14k about $23.85 per gram, against $40.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.6 on 1 October 2016, meaning one ounce of gold was worth roughly 71.6 ounces of silver.
A week before 1 October 2016, gold was around $1,313.30 per troy ounce, so the close of $1,271.50 is a loss of 3.2% over the week.
A month before 1 October 2016, gold was around $1,313.30 per troy ounce, so the close of $1,271.50 is a loss of 3.2% over the month.
A year before 1 October 2016, gold was around $1,141.50 per troy ounce. The close of $1,271.50 therefore represents a rise of 11.4% over twelve months.