Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 May 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 5 May 2011
Gold closed at $1,490.40 per troy ounce on 16 May 2011, down $3.000 (0.20%) from the previous close of $1,493.40.
This was the strongest close of the week up to that point.
This close sat 4.26% below the highest gold close recorded up to that date, set on 2011-05-02.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,227.40, making this a +21.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,490.40 per troy ounce on 16 May 2011. That is $3.00 lower than the previous close of $1,493.40, a move of -0.20%.
The gold price fell on 16 May 2011, losing $3.00 (0.20%) against the previous session's close of $1,493.40.
At $1,490.40 per troy ounce, one gram of pure gold was worth about $47.92 on 16 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 May 2011 18k gold was worth about $35.94 per gram and 14k about $27.95 per gram, against $47.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 43.7 on 16 May 2011, meaning one ounce of gold was worth roughly 43.7 ounces of silver.
A year before 16 May 2011, gold was around $1,227.40 per troy ounce. The close of $1,490.40 therefore represents a rise of 21.4% over twelve months.
It closed 4.26% below the highest close on record up to that date, which was set on 2011-05-02.