Distance from the record
This close sat 12.12% 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 11 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,659.70 per troy ounce on 11 October 2011, down $9.900 (0.59%) from the previous close of $1,669.60.
This close sat 12.12% 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 $1,353.30, making this a +22.64% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,659.70 per troy ounce on 11 October 2011. That is $9.90 lower than the previous close of $1,669.60, a move of -0.59%.
The gold price fell on 11 October 2011, losing $9.90 (0.59%) against the previous session's close of $1,669.60.
At $1,659.70 per troy ounce, one gram of pure gold was worth about $53.36 on 11 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 October 2011 18k gold was worth about $40.02 per gram and 14k about $31.13 per gram, against $53.36 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.9 on 11 October 2011, meaning one ounce of gold was worth roughly 51.9 ounces of silver.
A week before 11 October 2011, gold was around $1,614.70 per troy ounce, so the close of $1,659.70 is a gain of 2.8% over the week.
A month before 11 October 2011, gold was around $1,856.40 per troy ounce, so the close of $1,659.70 is a loss of 10.6% over the month.
A year before 11 October 2011, gold was around $1,353.30 per troy ounce. The close of $1,659.70 therefore represents a rise of 22.6% over twelve months.
It closed 12.12% below the highest close on record up to that date, which was set on 2011-08-22.