Distance from the record
This close sat 13.30% 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 September 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 July 2011
Gold closed at $1,637.50 per troy ounce on 23 September 2011, down $101.70 (5.85%) from the previous close of $1,739.20.
Notable session: moved more than 3% in a session.
Gold lost 5.85% 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 13.30% 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 $1,294.30, making this a +26.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,637.50 per troy ounce on 23 September 2011. That is $101.70 lower than the previous close of $1,739.20, a move of -5.85%.
The gold price fell on 23 September 2011, losing $101.70 (5.85%) against the previous session's close of $1,739.20.
At $1,637.50 per troy ounce, one gram of pure gold was worth about $52.65 on 23 September 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 September 2011 18k gold was worth about $39.49 per gram and 14k about $30.71 per gram, against $52.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.5 on 23 September 2011, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
A week before 23 September 2011, gold was around $1,812.10 per troy ounce, so the close of $1,637.50 is a loss of 9.6% over the week.
A month before 23 September 2011, gold was around $1,858.30 per troy ounce, so the close of $1,637.50 is a loss of 11.9% over the month.
A year before 23 September 2011, gold was around $1,294.30 per troy ounce. The close of $1,637.50 therefore represents a rise of 26.5% over twelve months.
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 13.30% below the highest close on record up to that date, which was set on 2011-08-22.