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Lowest closing price since 1 February 2020
Gold closed at $1,662.40 per troy ounce on 1 September 2022, down $50.40 (2.94%) from the previous close of $1,712.80.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,755.30, making this a -5.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,662.40 per troy ounce on 1 September 2022. That is $50.40 lower than the previous close of $1,712.80, a move of -2.94%.
The gold price fell on 1 September 2022, losing $50.40 (2.94%) against the previous session's close of $1,712.80.
At $1,662.40 per troy ounce, one gram of pure gold was worth about $53.45 on 1 September 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2022 18k gold was worth about $40.09 per gram and 14k about $31.18 per gram, against $53.45 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.7 on 1 September 2022, meaning one ounce of gold was worth roughly 87.7 ounces of silver.
A week before 1 September 2022, gold was around $1,712.80 per troy ounce, so the close of $1,662.40 is a loss of 2.9% over the week.
A month before 1 September 2022, gold was around $1,712.80 per troy ounce, so the close of $1,662.40 is a loss of 2.9% over the month.
A year before 1 September 2022, gold was around $1,755.30 per troy ounce. The close of $1,662.40 therefore represents a fall of 5.3% over twelve months.