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Lowest closing price since 1 June 2020
Gold closed at $1,887.50 per troy ounce on 1 September 2020, down $80.10 (4.07%) from the previous close of $1,967.60.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,519.10, making this a +24.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,887.50 per troy ounce on 1 September 2020. That is $80.10 lower than the previous close of $1,967.60, a move of -4.07%.
The gold price fell on 1 September 2020, losing $80.10 (4.07%) against the previous session's close of $1,967.60.
At $1,887.50 per troy ounce, one gram of pure gold was worth about $60.68 on 1 September 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2020 18k gold was worth about $45.51 per gram and 14k about $35.40 per gram, against $60.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.5 on 1 September 2020, meaning one ounce of gold was worth roughly 80.5 ounces of silver.
A week before 1 September 2020, gold was around $1,967.60 per troy ounce, so the close of $1,887.50 is a loss of 4.1% over the week.
A month before 1 September 2020, gold was around $1,967.60 per troy ounce, so the close of $1,887.50 is a loss of 4.1% over the month.
A year before 1 September 2020, gold was around $1,519.10 per troy ounce. The close of $1,887.50 therefore represents a rise of 24.3% over twelve months.