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 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,651.50 per troy ounce on 24 October 2011, up $16.40 (1.00%) from the previous close of $1,635.10.
This was the strongest close of the week up to that point.
This close sat 12.56% 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 $1,324.40, making this a +24.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,651.50 per troy ounce on 24 October 2011. That is $16.40 higher than the previous close of $1,635.10, a move of 1.00%.
The gold price rose on 24 October 2011, gaining $16.40 (1.00%) against the previous session's close of $1,635.10.
At $1,651.50 per troy ounce, one gram of pure gold was worth about $53.10 on 24 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 24 October 2011 18k gold was worth about $39.82 per gram and 14k about $30.97 per gram, against $53.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.2 on 24 October 2011, meaning one ounce of gold was worth roughly 52.2 ounces of silver.
A year before 24 October 2011, gold was around $1,324.40 per troy ounce. The close of $1,651.50 therefore represents a rise of 24.7% over twelve months.
It closed 12.56% below the highest close on record up to that date, which was set on 2011-08-22.