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Lowest closing price since 1 June 2024
Gold closed at $2,401.70 per troy ounce on 5 August 2024, down $24.00 (0.99%) from the previous close of $2,425.70.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,938.20, making this a +23.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $2,401.70 per troy ounce on 5 August 2024. That is $24.00 lower than the previous close of $2,425.70, a move of -0.99%.
The gold price fell on 5 August 2024, losing $24.00 (0.99%) against the previous session's close of $2,425.70.
At $2,401.70 per troy ounce, one gram of pure gold was worth about $77.22 on 5 August 2024. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 August 2024 18k gold was worth about $57.91 per gram and 14k about $45.04 per gram, against $77.22 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 88.7 on 5 August 2024, meaning one ounce of gold was worth roughly 88.7 ounces of silver.
A week before 5 August 2024, gold was around $2,426.50 per troy ounce, so the close of $2,401.70 is a loss of 1.0% over the week.
A month before 5 August 2024, gold was around $2,426.50 per troy ounce, so the close of $2,401.70 is a loss of 1.0% over the month.
A year before 5 August 2024, gold was around $1,938.20 per troy ounce. The close of $2,401.70 therefore represents a rise of 23.9% over twelve months.