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Gold closed at $273.60 per troy ounce on 1 September 2000.
Notable session: highest close of the year.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $273.60 per troy ounce on 1 September 2000. This is the earliest close in our records for this metal.
At $273.60 per troy ounce, one gram of pure gold was worth about $8.80 on 1 September 2000. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2000 18k gold was worth about $6.60 per gram and 14k about $5.13 per gram, against $8.80 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.8 on 1 September 2000, meaning one ounce of gold was worth roughly 55.8 ounces of silver.