Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 24 May 2011, not the current price.See today's gold price (11 September 2026)
Highest closing price since 3 May 2011
Gold closed at $1,523.20 per troy ounce on 24 May 2011, up $7.900 (0.52%) from the previous close of $1,515.30.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 2.15% below the highest gold close recorded up to that date, set on 2011-05-02.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,193.80, making this a +27.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,523.20 per troy ounce on 24 May 2011. That is $7.90 higher than the previous close of $1,515.30, a move of 0.52%.
The gold price rose on 24 May 2011, gaining $7.90 (0.52%) against the previous session's close of $1,515.30.
At $1,523.20 per troy ounce, one gram of pure gold was worth about $48.97 on 24 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 May 2011 18k gold was worth about $36.73 per gram and 14k about $28.57 per gram, against $48.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 42.2 on 24 May 2011, meaning one ounce of gold was worth roughly 42.2 ounces of silver.
A week before 24 May 2011, gold was around $1,479.80 per troy ounce, so the close of $1,523.20 is a gain of 2.9% over the week.
A year before 24 May 2011, gold was around $1,193.80 per troy ounce. The close of $1,523.20 therefore represents a rise of 27.6% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 2.15% below the highest close on record up to that date, which was set on 2011-05-02.