Distance from the record
This close sat 8.66% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 2 June 2020, not the current price.See today's gold price (11 September 2026)
Gold falls 3.8% in a single session
Gold closed at $1,725.20 per troy ounce on 2 June 2020, down $67.80 (3.78%) from the previous close of $1,793.00.
Notable session: moved more than 3% in a session.
Gold lost 3.78% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 8.66% below the highest gold close recorded up to that date, set on 2011-08-22.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,305.80, making this a +32.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,725.20 per troy ounce on 2 June 2020. That is $67.80 lower than the previous close of $1,793.00, a move of -3.78%.
The gold price fell on 2 June 2020, losing $67.80 (3.78%) against the previous session's close of $1,793.00.
At $1,725.20 per troy ounce, one gram of pure gold was worth about $55.47 on 2 June 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 June 2020 18k gold was worth about $41.60 per gram and 14k about $32.36 per gram, against $55.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 94.8 on 2 June 2020, meaning one ounce of gold was worth roughly 94.8 ounces of silver.
A year before 2 June 2020, gold was around $1,305.80 per troy ounce. The close of $1,725.20 therefore represents a rise of 32.1% over twelve months.
It closed 8.66% below the highest close on record up to that date, which was set on 2011-08-22.