Distance from the record
This close sat 14.42% 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 28 September 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,616.30 per troy ounce on 28 September 2011, down $34.30 (2.08%) from the previous close of $1,650.60.
Gold lost 2.08% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 14.42% 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 $1,306.60, making this a +23.70% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,616.30 per troy ounce on 28 September 2011. That is $34.30 lower than the previous close of $1,650.60, a move of -2.08%.
The gold price fell on 28 September 2011, losing $34.30 (2.08%) against the previous session's close of $1,650.60.
At $1,616.30 per troy ounce, one gram of pure gold was worth about $51.97 on 28 September 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 September 2011 18k gold was worth about $38.97 per gram and 14k about $30.31 per gram, against $51.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.7 on 28 September 2011, meaning one ounce of gold was worth roughly 53.7 ounces of silver.
A week before 28 September 2011, gold was around $1,805.50 per troy ounce, so the close of $1,616.30 is a loss of 10.5% over the week.
A month before 28 September 2011, gold was around $1,794.10 per troy ounce, so the close of $1,616.30 is a loss of 9.9% over the month.
A year before 28 September 2011, gold was around $1,306.60 per troy ounce. The close of $1,616.30 therefore represents a rise of 23.7% over twelve months.
It closed 14.42% below the highest close on record up to that date, which was set on 2011-08-22.