Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 27 October 2011, not the current price.See today's gold price (11 September 2026)
Highest closing price since 21 September 2011
Gold closed at $1,746.70 per troy ounce on 27 October 2011, up $24.00 (1.39%) from the previous close of $1,722.70.
Notable session: highest close of the month.
This close extended a run of 5 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.
No earlier session that month closed above this level.
This close sat 7.52% 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 $1,322.20, making this a +32.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,746.70 per troy ounce on 27 October 2011. That is $24.00 higher than the previous close of $1,722.70, a move of 1.39%.
The gold price rose on 27 October 2011, gaining $24.00 (1.39%) against the previous session's close of $1,722.70.
At $1,746.70 per troy ounce, one gram of pure gold was worth about $56.16 on 27 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 October 2011 18k gold was worth about $42.12 per gram and 14k about $32.76 per gram, against $56.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.8 on 27 October 2011, meaning one ounce of gold was worth roughly 49.8 ounces of silver.
A week before 27 October 2011, gold was around $1,611.90 per troy ounce, so the close of $1,746.70 is a gain of 8.4% over the week.
A month before 27 October 2011, gold was around $1,650.60 per troy ounce, so the close of $1,746.70 is a gain of 5.8% over the month.
A year before 27 October 2011, gold was around $1,322.20 per troy ounce. The close of $1,746.70 therefore represents a rise of 32.1% over twelve months.
This close was session 5 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 7.52% below the highest close on record up to that date, which was set on 2011-08-22.