Distance from the record
This close sat 6.96% below the highest gold close recorded up to that date, set on 2001-05-18.
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This page is a historical record of the gold price in 2 August 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $267.40 per troy ounce on 2 August 2001, down $7.000 (2.55%) from the previous close of $274.40.
Gold lost 2.55% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 6.96% below the highest gold close recorded up to that date, set on 2001-05-18.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $267.40 per troy ounce on 2 August 2001. That is $7.00 lower than the previous close of $274.40, a move of -2.55%.
The gold price fell on 2 August 2001, losing $7.00 (2.55%) against the previous session's close of $274.40.
At $267.40 per troy ounce, one gram of pure gold was worth about $8.60 on 2 August 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 August 2001 18k gold was worth about $6.45 per gram and 14k about $5.01 per gram, against $8.60 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.4 on 2 August 2001, meaning one ounce of gold was worth roughly 63.4 ounces of silver.
It closed 6.96% below the highest close on record up to that date, which was set on 2001-05-18.