Distance from the record
This close sat 16.16% below the highest gold close recorded up to that date, set on 2011-08-22.
Loading…
This page is a historical record of the gold price in 31 March 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,583.40 per troy ounce on 31 March 2020, down $38.60 (2.38%) from the previous close of $1,622.00.
Gold lost 2.38% 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 16.16% 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 $1,293.00, making this a +22.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,583.40 per troy ounce on 31 March 2020. That is $38.60 lower than the previous close of $1,622.00, a move of -2.38%.
The gold price fell on 31 March 2020, losing $38.60 (2.38%) against the previous session's close of $1,622.00.
At $1,583.40 per troy ounce, one gram of pure gold was worth about $50.91 on 31 March 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 March 2020 18k gold was worth about $38.18 per gram and 14k about $29.70 per gram, against $50.91 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 112.3 on 31 March 2020, meaning one ounce of gold was worth roughly 112.3 ounces of silver.
A week before 31 March 2020, gold was around $1,660.20 per troy ounce, so the close of $1,583.40 is a loss of 4.6% over the week.
A year before 31 March 2020, gold was around $1,293.00 per troy ounce. The close of $1,583.40 therefore represents a rise of 22.5% over twelve months.
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 16.16% below the highest close on record up to that date, which was set on 2011-08-22.