Distance from the record
This close sat 12.55% 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 18 October 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 October 2011
Gold closed at $1,651.70 per troy ounce on 18 October 2011, down $23.80 (1.42%) from the previous close of $1,675.50.
This close sat 12.55% 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 $1,371.20, making this a +20.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,651.70 per troy ounce on 18 October 2011. That is $23.80 lower than the previous close of $1,675.50, a move of -1.42%.
The gold price fell on 18 October 2011, losing $23.80 (1.42%) against the previous session's close of $1,675.50.
At $1,651.70 per troy ounce, one gram of pure gold was worth about $53.10 on 18 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2011 18k gold was worth about $39.83 per gram and 14k about $30.98 per gram, against $53.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.9 on 18 October 2011, meaning one ounce of gold was worth roughly 51.9 ounces of silver.
A month before 18 October 2011, gold was around $1,812.10 per troy ounce, so the close of $1,651.70 is a loss of 8.9% over the month.
A year before 18 October 2011, gold was around $1,371.20 per troy ounce. The close of $1,651.70 therefore represents a rise of 20.5% over twelve months.
It closed 12.55% below the highest close on record up to that date, which was set on 2011-08-22.