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Gold falls 5.5% in a single session
Gold closed at $2,658.90 per troy ounce on 2 January 2025, down $153.60 (5.46%) from the previous close of $2,812.50.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $2,048.40, making this a +29.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,658.90 per troy ounce on 2 January 2025. That is $153.60 lower than the previous close of $2,812.50, a move of -5.46%.
The gold price fell on 2 January 2025, losing $153.60 (5.46%) against the previous session's close of $2,812.50.
At $2,658.90 per troy ounce, one gram of pure gold was worth about $85.49 on 2 January 2025. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 January 2025 18k gold was worth about $64.11 per gram and 14k about $49.87 per gram, against $85.49 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 89.8 on 2 January 2025, meaning one ounce of gold was worth roughly 89.8 ounces of silver.
A week before 2 January 2025, gold was around $2,638.80 per troy ounce, so the close of $2,658.90 is a gain of 0.8% over the week.
A month before 2 January 2025, gold was around $2,634.90 per troy ounce, so the close of $2,658.90 is a gain of 0.9% over the month.
A year before 2 January 2025, gold was around $2,048.40 per troy ounce. The close of $2,658.90 therefore represents a rise of 29.8% over twelve months.