Distance from the record
This close sat 37.15% 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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,187.00 per troy ounce on 23 August 2018, down $9.300 (0.78%) from the previous close of $1,196.30.
This close sat 37.15% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten lowest gold closes of that year, ranking 245 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,288.90, making this a -7.91% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,187.00 per troy ounce on 23 August 2018. That is $9.30 lower than the previous close of $1,196.30, a move of -0.78%.
The gold price fell on 23 August 2018, losing $9.30 (0.78%) against the previous session's close of $1,196.30.
At $1,187.00 per troy ounce, one gram of pure gold was worth about $38.16 on 23 August 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 August 2018 18k gold was worth about $28.62 per gram and 14k about $22.26 per gram, against $38.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 81.7 on 23 August 2018, meaning one ounce of gold was worth roughly 81.7 ounces of silver.
It closed 37.15% below the highest close on record up to that date, which was set on 2011-08-22.