Distance from the record
This close sat 2.31% below the highest gold close recorded up to that date, set on 2011-08-10.
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This page is a historical record of the gold price in 12 August 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,740.20 per troy ounce on 12 August 2011, down $8.600 (0.49%) from the previous close of $1,748.80.
This close sat 2.31% below the highest gold close recorded up to that date, set on 2011-08-10.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,214.80, making this a +43.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,740.20 per troy ounce on 12 August 2011. That is $8.60 lower than the previous close of $1,748.80, a move of -0.49%.
The gold price fell on 12 August 2011, losing $8.60 (0.49%) against the previous session's close of $1,748.80.
At $1,740.20 per troy ounce, one gram of pure gold was worth about $55.95 on 12 August 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 August 2011 18k gold was worth about $41.96 per gram and 14k about $32.64 per gram, against $55.95 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 44.5 on 12 August 2011, meaning one ounce of gold was worth roughly 44.5 ounces of silver.
A week before 12 August 2011, gold was around $1,648.80 per troy ounce, so the close of $1,740.20 is a gain of 5.5% over the week.
A month before 12 August 2011, gold was around $1,561.90 per troy ounce, so the close of $1,740.20 is a gain of 11.4% over the month.
A year before 12 August 2011, gold was around $1,214.80 per troy ounce. The close of $1,740.20 therefore represents a rise of 43.2% over twelve months.
It closed 2.31% below the highest close on record up to that date, which was set on 2011-08-10.