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Lowest closing price since 1 February 2023
Gold closed at $1,848.10 per troy ounce on 1 September 2023, down $90.10 (4.65%) from the previous close of $1,938.20.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,662.40, making this a +11.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,848.10 per troy ounce on 1 September 2023. That is $90.10 lower than the previous close of $1,938.20, a move of -4.65%.
The gold price fell on 1 September 2023, losing $90.10 (4.65%) against the previous session's close of $1,938.20.
At $1,848.10 per troy ounce, one gram of pure gold was worth about $59.42 on 1 September 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 September 2023 18k gold was worth about $44.56 per gram and 14k about $34.66 per gram, against $59.42 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.1 on 1 September 2023, meaning one ounce of gold was worth roughly 83.1 ounces of silver.
A week before 1 September 2023, gold was around $1,938.20 per troy ounce, so the close of $1,848.10 is a loss of 4.6% over the week.
A month before 1 September 2023, gold was around $1,938.20 per troy ounce, so the close of $1,848.10 is a loss of 4.6% over the month.
A year before 1 September 2023, gold was around $1,662.40 per troy ounce. The close of $1,848.10 therefore represents a rise of 11.2% over twelve months.