Distance from the record
This close sat 1.32% 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 23 May 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $283.60 per troy ounce on 23 May 2001, down $1.500 (0.53%) from the previous close of $285.10.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 1.32% 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 $283.60 per troy ounce on 23 May 2001. That is $1.50 lower than the previous close of $285.10, a move of -0.53%.
The gold price fell on 23 May 2001, losing $1.50 (0.53%) against the previous session's close of $285.10.
At $283.60 per troy ounce, one gram of pure gold was worth about $9.12 on 23 May 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 May 2001 18k gold was worth about $6.84 per gram and 14k about $5.32 per gram, against $9.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 62.2 on 23 May 2001, meaning one ounce of gold was worth roughly 62.2 ounces of silver.
A week before 23 May 2001, gold was around $272.00 per troy ounce, so the close of $283.60 is a gain of 4.3% over the week.
A month before 23 May 2001, gold was around $263.70 per troy ounce, so the close of $283.60 is a gain of 7.5% over the month.
This close was session 3 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 1.32% below the highest close on record up to that date, which was set on 2001-05-18.