Distance from the record
This close sat 7.54% below the highest gold close recorded up to that date, set on 2011-08-22.
Loading…
This page is a historical record of the gold price in 28 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,746.20 per troy ounce on 28 October 2011, down $0.500 (0.03%) from the previous close of $1,746.70.
Gold barely moved, closing within 0.03% 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 7.54% 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 $1,342.10, making this a +30.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,746.20 per troy ounce on 28 October 2011. That is $0.50 lower than the previous close of $1,746.70, a move of -0.03%.
The gold price fell on 28 October 2011, losing $0.50 (0.03%) against the previous session's close of $1,746.70.
At $1,746.20 per troy ounce, one gram of pure gold was worth about $56.14 on 28 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 October 2011 18k gold was worth about $42.11 per gram and 14k about $32.75 per gram, against $56.14 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.5 on 28 October 2011, meaning one ounce of gold was worth roughly 49.5 ounces of silver.
A week before 28 October 2011, gold was around $1,635.10 per troy ounce, so the close of $1,746.20 is a gain of 6.8% over the week.
A month before 28 October 2011, gold was around $1,616.30 per troy ounce, so the close of $1,746.20 is a gain of 8.0% over the month.
A year before 28 October 2011, gold was around $1,342.10 per troy ounce. The close of $1,746.20 therefore represents a rise of 30.1% over twelve months.
It closed 7.54% below the highest close on record up to that date, which was set on 2011-08-22.