Distance from the record
This close sat 35.51% 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 12 October 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,218.10 per troy ounce on 12 October 2018, down $5.400 (0.44%) from the previous close of $1,223.50.
This close sat 35.51% 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 $1,293.30, making this a -5.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,218.10 per troy ounce on 12 October 2018. That is $5.40 lower than the previous close of $1,223.50, a move of -0.44%.
The gold price fell on 12 October 2018, losing $5.40 (0.44%) against the previous session's close of $1,223.50.
At $1,218.10 per troy ounce, one gram of pure gold was worth about $39.16 on 12 October 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 October 2018 18k gold was worth about $29.37 per gram and 14k about $22.84 per gram, against $39.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 83.6 on 12 October 2018, meaning one ounce of gold was worth roughly 83.6 ounces of silver.
It closed 35.51% below the highest close on record up to that date, which was set on 2011-08-22.