Distance from the record
This close sat 5.18% 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 24 August 2001, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 August 2001
Gold closed at $272.50 per troy ounce on 24 August 2001, down $2.800 (1.02%) from the previous close of $275.30.
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 5.18% 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 $272.50 per troy ounce on 24 August 2001. That is $2.80 lower than the previous close of $275.30, a move of -1.02%.
The gold price fell on 24 August 2001, losing $2.80 (1.02%) against the previous session's close of $275.30.
At $272.50 per troy ounce, one gram of pure gold was worth about $8.76 on 24 August 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 August 2001 18k gold was worth about $6.57 per gram and 14k about $5.11 per gram, against $8.76 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 65.2 on 24 August 2001, meaning one ounce of gold was worth roughly 65.2 ounces of silver.
A week before 24 August 2001, gold was around $279.30 per troy ounce, so the close of $272.50 is a loss of 2.4% over the week.
It closed 5.18% below the highest close on record up to that date, which was set on 2001-05-18.