Distance from the record
This close sat 35.10% 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 17 July 2018, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 13 July 2017
Gold closed at $1,225.70 per troy ounce on 17 July 2018, down $12.40 (1.00%) from the previous close of $1,238.10.
Gold had not closed this low for about a year. 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 35.10% 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 $1,232.80, making this a -0.58% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,225.70 per troy ounce on 17 July 2018. That is $12.40 lower than the previous close of $1,238.10, a move of -1.00%.
The gold price fell on 17 July 2018, losing $12.40 (1.00%) against the previous session's close of $1,238.10.
At $1,225.70 per troy ounce, one gram of pure gold was worth about $39.41 on 17 July 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 17 July 2018 18k gold was worth about $29.56 per gram and 14k about $22.99 per gram, against $39.41 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.8 on 17 July 2018, meaning one ounce of gold was worth roughly 78.8 ounces of silver.
A week before 17 July 2018, gold was around $1,253.80 per troy ounce, so the close of $1,225.70 is a loss of 2.2% over the week.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 35.10% below the highest close on record up to that date, which was set on 2011-08-22.