Distance from the record
This close sat 32.13% 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 27 August 2014, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,281.90 per troy ounce on 27 August 2014, down $1.900 (0.15%) from the previous close of $1,283.80.
Gold barely moved, closing within 0.15% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 32.13% 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 $1,420.60, making this a -9.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,281.90 per troy ounce on 27 August 2014. That is $1.90 lower than the previous close of $1,283.80, a move of -0.15%.
The gold price fell on 27 August 2014, losing $1.90 (0.15%) against the previous session's close of $1,283.80.
At $1,281.90 per troy ounce, one gram of pure gold was worth about $41.21 on 27 August 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 August 2014 18k gold was worth about $30.91 per gram and 14k about $24.04 per gram, against $41.21 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.1 on 27 August 2014, meaning one ounce of gold was worth roughly 66.1 ounces of silver.
It closed 32.13% below the highest close on record up to that date, which was set on 2011-08-22.