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 18 May 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,495.60 per troy ounce on 18 May 2011, up $15.80 (1.07%) from the previous close of $1,479.80.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 3.92% 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 $1,214.30, making this a +23.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,495.60 per troy ounce on 18 May 2011. That is $15.80 higher than the previous close of $1,479.80, a move of 1.07%.
The gold price rose on 18 May 2011, gaining $15.80 (1.07%) against the previous session's close of $1,479.80.
At $1,495.60 per troy ounce, one gram of pure gold was worth about $48.08 on 18 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 May 2011 18k gold was worth about $36.06 per gram and 14k about $28.05 per gram, against $48.08 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 42.6 on 18 May 2011, meaning one ounce of gold was worth roughly 42.6 ounces of silver.
A year before 18 May 2011, gold was around $1,214.30 per troy ounce. The close of $1,495.60 therefore represents a rise of 23.2% over twelve months.
It closed 3.92% below the highest close on record up to that date, which was set on 2011-05-02.