Distance from the record
This close sat 4.81% below the highest gold close recorded up to that date, set on 2001-09-26.
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This page is a historical record of the gold price in 18 October 2001, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 10 September 2001
Gold closed at $279.20 per troy ounce on 18 October 2001, down $4.200 (1.48%) from the previous close of $283.40.
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 close sat 4.81% below the highest gold close recorded up to that date, set on 2001-09-26.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $270.30, making this a +3.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $279.20 per troy ounce on 18 October 2001. That is $4.20 lower than the previous close of $283.40, a move of -1.48%.
The gold price fell on 18 October 2001, losing $4.20 (1.48%) against the previous session's close of $283.40.
At $279.20 per troy ounce, one gram of pure gold was worth about $8.98 on 18 October 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2001 18k gold was worth about $6.73 per gram and 14k about $5.24 per gram, against $8.98 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.8 on 18 October 2001, meaning one ounce of gold was worth roughly 65.8 ounces of silver.
It closed 4.81% below the highest close on record up to that date, which was set on 2001-09-26.