Distance from the record
This close sat 37.66% 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 15 August 2018, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 6 January 2017
Gold closed at $1,177.50 per troy ounce on 15 August 2018, down $15.50 (1.30%) from the previous close of $1,193.00.
Gold had not closed this low for about 2 years. Breaking below a level held that long is the kind of move that tends to set the tone for the sessions that follow.
This close sat 37.66% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten lowest gold closes of that year, ranking 249 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,273.70, making this a -7.55% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,177.50 per troy ounce on 15 August 2018. That is $15.50 lower than the previous close of $1,193.00, a move of -1.30%.
The gold price fell on 15 August 2018, losing $15.50 (1.30%) against the previous session's close of $1,193.00.
At $1,177.50 per troy ounce, one gram of pure gold was worth about $37.86 on 15 August 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 August 2018 18k gold was worth about $28.39 per gram and 14k about $22.08 per gram, against $37.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.7 on 15 August 2018, meaning one ounce of gold was worth roughly 81.7 ounces of silver.
A week before 15 August 2018, gold was around $1,212.60 per troy ounce, so the close of $1,177.50 is a loss of 2.9% over the week.
A month before 15 August 2018, gold was around $1,239.60 per troy ounce, so the close of $1,177.50 is a loss of 5.0% over the month.
It closed 37.66% below the highest close on record up to that date, which was set on 2011-08-22.