Distance from the record
This close sat 1.61% 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 23 August 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,858.30 per troy ounce on 23 August 2011, down $30.40 (1.61%) from the previous close of $1,888.70.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 1.61% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 4 of 246 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,226.90, making this a +51.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,858.30 per troy ounce on 23 August 2011. That is $30.40 lower than the previous close of $1,888.70, a move of -1.61%.
The gold price fell on 23 August 2011, losing $30.40 (1.61%) against the previous session's close of $1,888.70.
At $1,858.30 per troy ounce, one gram of pure gold was worth about $59.75 on 23 August 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 August 2011 18k gold was worth about $44.81 per gram and 14k about $34.85 per gram, against $59.75 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 44.0 on 23 August 2011, meaning one ounce of gold was worth roughly 44.0 ounces of silver.
A week before 23 August 2011, gold was around $1,782.40 per troy ounce, so the close of $1,858.30 is a gain of 4.3% over the week.
A month before 23 August 2011, gold was around $1,601.30 per troy ounce, so the close of $1,858.30 is a gain of 16.0% over the month.
A year before 23 August 2011, gold was around $1,226.90 per troy ounce. The close of $1,858.30 therefore represents a rise of 51.5% over twelve months.
It closed 1.61% below the highest close on record up to that date, which was set on 2011-08-22.