Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 31 January 2017, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,208.60 per troy ounce on 31 January 2017, up $15.40 (1.29%) from the previous close of $1,193.20.
This was the strongest close of the week up to that point.
This close sat 36.01% 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 $1,116.40, making this a +8.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,208.60 per troy ounce on 31 January 2017. That is $15.40 higher than the previous close of $1,193.20, a move of 1.29%.
The gold price rose on 31 January 2017, gaining $15.40 (1.29%) against the previous session's close of $1,193.20.
At $1,208.60 per troy ounce, one gram of pure gold was worth about $38.86 on 31 January 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 January 2017 18k gold was worth about $29.14 per gram and 14k about $22.67 per gram, against $38.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 69.0 on 31 January 2017, meaning one ounce of gold was worth roughly 69.0 ounces of silver.
A month before 31 January 2017, gold was around $1,150.00 per troy ounce, so the close of $1,208.60 is a gain of 5.1% over the month.
It closed 36.01% below the highest close on record up to that date, which was set on 2011-08-22.