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Lowest closing price since 1 June 2011
Gold closed at $1,620.40 per troy ounce on 1 September 2011, down $208.10 (11.38%) from the previous close of $1,828.50.
Notable session: one of the largest single-day moves on record; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,307.80, making this a +23.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,620.40 per troy ounce on 1 September 2011. That is $208.10 lower than the previous close of $1,828.50, a move of -11.38%.
The gold price fell on 1 September 2011, losing $208.10 (11.38%) against the previous session's close of $1,828.50.
At $1,620.40 per troy ounce, one gram of pure gold was worth about $52.10 on 1 September 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2011 18k gold was worth about $39.07 per gram and 14k about $30.39 per gram, against $52.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.9 on 1 September 2011, meaning one ounce of gold was worth roughly 53.9 ounces of silver.
A week before 1 September 2011, gold was around $1,828.50 per troy ounce, so the close of $1,620.40 is a loss of 11.4% over the week.
A month before 1 September 2011, gold was around $1,828.50 per troy ounce, so the close of $1,620.40 is a loss of 11.4% over the month.
A year before 1 September 2011, gold was around $1,307.80 per troy ounce. The close of $1,620.40 therefore represents a rise of 23.9% over twelve months.