Distance from the record
This close sat 35.06% 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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,226.50 per troy ounce on 18 October 2018, up $2.800 (0.23%) from the previous close of $1,223.70.
This close sat 35.06% 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 $1,279.90, making this a -4.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,226.50 per troy ounce on 18 October 2018. That is $2.80 higher than the previous close of $1,223.70, a move of 0.23%.
The gold price rose on 18 October 2018, gaining $2.80 (0.23%) against the previous session's close of $1,223.70.
At $1,226.50 per troy ounce, one gram of pure gold was worth about $39.43 on 18 October 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 18 October 2018 18k gold was worth about $29.57 per gram and 14k about $23.00 per gram, against $39.43 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 84.4 on 18 October 2018, meaning one ounce of gold was worth roughly 84.4 ounces of silver.
It closed 35.06% below the highest close on record up to that date, which was set on 2011-08-22.