Distance from the record
This close sat 3.57% below the highest gold close recorded up to that date, set on 2011-05-02.
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This page is a historical record of the gold price in 11 May 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,501.10 per troy ounce on 11 May 2011, down $15.50 (1.02%) from the previous close of $1,516.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 3.57% below the highest gold close recorded up to that date, set on 2011-05-02.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,219.90, making this a +23.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,501.10 per troy ounce on 11 May 2011. That is $15.50 lower than the previous close of $1,516.60, a move of -1.02%.
The gold price fell on 11 May 2011, losing $15.50 (1.02%) against the previous session's close of $1,516.60.
At $1,501.10 per troy ounce, one gram of pure gold was worth about $48.26 on 11 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 May 2011 18k gold was worth about $36.20 per gram and 14k about $28.15 per gram, against $48.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 42.3 on 11 May 2011, meaning one ounce of gold was worth roughly 42.3 ounces of silver.
A year before 11 May 2011, gold was around $1,219.90 per troy ounce. The close of $1,501.10 therefore represents a rise of 23.1% over twelve months.
It closed 3.57% below the highest close on record up to that date, which was set on 2011-05-02.