Distance from the record
This close sat 34.78% 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 March 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 15 February 2017
Gold closed at $1,231.90 per troy ounce on 2 March 2017, down $15.40 (1.23%) from the previous close of $1,247.30.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 34.78% 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 $1,241.10, making this a -0.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,231.90 per troy ounce on 2 March 2017. That is $15.40 lower than the previous close of $1,247.30, a move of -1.23%.
The gold price fell on 2 March 2017, losing $15.40 (1.23%) against the previous session's close of $1,247.30.
At $1,231.90 per troy ounce, one gram of pure gold was worth about $39.61 on 2 March 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 March 2017 18k gold was worth about $29.70 per gram and 14k about $23.10 per gram, against $39.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.6 on 2 March 2017, meaning one ounce of gold was worth roughly 69.6 ounces of silver.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 34.78% below the highest close on record up to that date, which was set on 2011-08-22.