Distance from the record
This close sat 14.66% 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 20 October 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 26 September 2011
Gold closed at $1,611.90 per troy ounce on 20 October 2011, down $34.10 (2.07%) from the previous close of $1,646.00.
Notable session: lowest close of the month.
Gold lost 2.07% 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 14.66% 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 $1,343.30, making this a +20.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,611.90 per troy ounce on 20 October 2011. That is $34.10 lower than the previous close of $1,646.00, a move of -2.07%.
The gold price fell on 20 October 2011, losing $34.10 (2.07%) against the previous session's close of $1,646.00.
At $1,611.90 per troy ounce, one gram of pure gold was worth about $51.82 on 20 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 20 October 2011 18k gold was worth about $38.87 per gram and 14k about $30.23 per gram, against $51.82 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.3 on 20 October 2011, meaning one ounce of gold was worth roughly 53.3 ounces of silver.
A week before 20 October 2011, gold was around $1,667.30 per troy ounce, so the close of $1,611.90 is a loss of 3.3% over the week.
A month before 20 October 2011, gold was around $1,806.60 per troy ounce, so the close of $1,611.90 is a loss of 10.8% over the month.
A year before 20 October 2011, gold was around $1,343.30 per troy ounce. The close of $1,611.90 therefore represents a rise of 20.0% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 14.66% below the highest close on record up to that date, which was set on 2011-08-22.