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Gold's highest closing price on record
Gold closed at $2,498.60 per troy ounce on 16 August 2024, up $45.50 (1.85%) from the previous close of $2,453.10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,938.20, making this a +28.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,498.60 per troy ounce on 16 August 2024. That is $45.50 higher than the previous close of $2,453.10, a move of 1.85%.
The gold price rose on 16 August 2024, gaining $45.50 (1.85%) against the previous session's close of $2,453.10.
At $2,498.60 per troy ounce, one gram of pure gold was worth about $80.33 on 16 August 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2024 18k gold was worth about $60.25 per gram and 14k about $46.86 per gram, against $80.33 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.8 on 16 August 2024, meaning one ounce of gold was worth roughly 86.8 ounces of silver.
A week before 16 August 2024, gold was around $2,432.10 per troy ounce, so the close of $2,498.60 is a gain of 2.7% over the week.
A month before 16 August 2024, gold was around $2,426.50 per troy ounce, so the close of $2,498.60 is a gain of 3.0% over the month.
A year before 16 August 2024, gold was around $1,938.20 per troy ounce. The close of $2,498.60 therefore represents a rise of 28.9% over twelve months.