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Gold falls 3.3% in a single session
Gold closed at $2,647.10 per troy ounce on 2 October 2024, down $91.20 (3.33%) from the previous close of $2,738.30.
Notable session: moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,848.10, making this a +43.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,647.10 per troy ounce on 2 October 2024. That is $91.20 lower than the previous close of $2,738.30, a move of -3.33%.
The gold price fell on 2 October 2024, losing $91.20 (3.33%) against the previous session's close of $2,738.30.
At $2,647.10 per troy ounce, one gram of pure gold was worth about $85.11 on 2 October 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 October 2024 18k gold was worth about $63.83 per gram and 14k about $49.65 per gram, against $85.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.7 on 2 October 2024, meaning one ounce of gold was worth roughly 83.7 ounces of silver.
A week before 2 October 2024, gold was around $2,659.20 per troy ounce, so the close of $2,647.10 is a loss of 0.5% over the week.
A month before 2 October 2024, gold was around $2,493.80 per troy ounce, so the close of $2,647.10 is a gain of 6.1% over the month.
A year before 2 October 2024, gold was around $1,848.10 per troy ounce. The close of $2,647.10 therefore represents a rise of 43.2% over twelve months.