Distance from the record
This close sat 17.19% 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 28 February 2020, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 5 February 2020
Gold closed at $1,564.10 per troy ounce on 28 February 2020, down $75.90 (4.63%) from the previous close of $1,640.00.
Notable session: moved more than 3% in a session.
Gold lost 4.63% 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 17.19% 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 $1,312.80, making this a +19.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,564.10 per troy ounce on 28 February 2020. That is $75.90 lower than the previous close of $1,640.00, a move of -4.63%.
The gold price fell on 28 February 2020, losing $75.90 (4.63%) against the previous session's close of $1,640.00.
At $1,564.10 per troy ounce, one gram of pure gold was worth about $50.29 on 28 February 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 February 2020 18k gold was worth about $37.72 per gram and 14k about $29.33 per gram, against $50.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 95.4 on 28 February 2020, meaning one ounce of gold was worth roughly 95.4 ounces of silver.
A week before 28 February 2020, gold was around $1,644.60 per troy ounce, so the close of $1,564.10 is a loss of 4.9% over the week.
A year before 28 February 2020, gold was around $1,312.80 per troy ounce. The close of $1,564.10 therefore represents a rise of 19.1% over twelve months.
It closed 17.19% below the highest close on record up to that date, which was set on 2011-08-22.