Distance from the record
This close sat 4.30% below the highest gold close recorded up to that date, set on 2010-09-01.
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This page is a historical record of the gold price in 2 September 2010, not the current price.See today's gold price (11 September 2026)
Gold falls 4.3% in a single session
Gold closed at $1,251.50 per troy ounce on 2 September 2010, down $56.30 (4.30%) from the previous close of $1,307.80.
Notable session: moved more than 3% in a session.
Gold lost 4.30% 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 4.30% below the highest gold close recorded up to that date, set on 2010-09-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $976.60, making this a +28.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,251.50 per troy ounce on 2 September 2010. That is $56.30 lower than the previous close of $1,307.80, a move of -4.30%.
The gold price fell on 2 September 2010, losing $56.30 (4.30%) against the previous session's close of $1,307.80.
At $1,251.50 per troy ounce, one gram of pure gold was worth about $40.24 on 2 September 2010. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 September 2010 18k gold was worth about $30.18 per gram and 14k about $23.47 per gram, against $40.24 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 63.7 on 2 September 2010, meaning one ounce of gold was worth roughly 63.7 ounces of silver.
A month before 2 September 2010, gold was around $1,183.40 per troy ounce, so the close of $1,251.50 is a gain of 5.8% over the month.
A year before 2 September 2010, gold was around $976.60 per troy ounce. The close of $1,251.50 therefore represents a rise of 28.1% over twelve months.
It closed 4.30% below the highest close on record up to that date, which was set on 2010-09-01.