Distance from the record
This close sat 4.24% below the highest gold close recorded up to that date, set on 2001-05-18.
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This page is a historical record of the gold price in 16 August 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $275.20 per troy ounce on 16 August 2001, down $0.500 (0.18%) from the previous close of $275.70.
This close sat 4.24% below the highest gold close recorded up to that date, set on 2001-05-18.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $275.20 per troy ounce on 16 August 2001. That is $0.50 lower than the previous close of $275.70, a move of -0.18%.
The gold price fell on 16 August 2001, losing $0.50 (0.18%) against the previous session's close of $275.70.
At $275.20 per troy ounce, one gram of pure gold was worth about $8.85 on 16 August 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2001 18k gold was worth about $6.64 per gram and 14k about $5.16 per gram, against $8.85 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.7 on 16 August 2001, meaning one ounce of gold was worth roughly 65.7 ounces of silver.
It closed 4.24% below the highest close on record up to that date, which was set on 2001-05-18.