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Lowest closing price since 1 February 2020
Gold closed at $1,635.90 per troy ounce on 1 October 2022, down $26.50 (1.59%) from the previous close of $1,662.40.
Notable session: lowest close of the year.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,783.00, making this a -8.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,635.90 per troy ounce on 1 October 2022. That is $26.50 lower than the previous close of $1,662.40, a move of -1.59%.
The gold price fell on 1 October 2022, losing $26.50 (1.59%) against the previous session's close of $1,662.40.
At $1,635.90 per troy ounce, one gram of pure gold was worth about $52.60 on 1 October 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 October 2022 18k gold was worth about $39.45 per gram and 14k about $30.68 per gram, against $52.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.5 on 1 October 2022, meaning one ounce of gold was worth roughly 85.5 ounces of silver.
A week before 1 October 2022, gold was around $1,662.40 per troy ounce, so the close of $1,635.90 is a loss of 1.6% over the week.
A month before 1 October 2022, gold was around $1,662.40 per troy ounce, so the close of $1,635.90 is a loss of 1.6% over the month.
A year before 1 October 2022, gold was around $1,783.00 per troy ounce. The close of $1,635.90 therefore represents a fall of 8.3% over twelve months.