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 29 August 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,788.40 per troy ounce on 29 August 2011, down $5.700 (0.32%) from the previous close of $1,794.10.
This was the strongest close of the week up to that point.
This close sat 5.31% 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 $1,236.00, making this a +44.69% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,788.40 per troy ounce on 29 August 2011. That is $5.70 lower than the previous close of $1,794.10, a move of -0.32%.
The gold price fell on 29 August 2011, losing $5.70 (0.32%) against the previous session's close of $1,794.10.
At $1,788.40 per troy ounce, one gram of pure gold was worth about $57.50 on 29 August 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 August 2011 18k gold was worth about $43.12 per gram and 14k about $33.54 per gram, against $57.50 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 44.1 on 29 August 2011, meaning one ounce of gold was worth roughly 44.1 ounces of silver.
A week before 29 August 2011, gold was around $1,888.70 per troy ounce, so the close of $1,788.40 is a loss of 5.3% over the week.
A month before 29 August 2011, gold was around $1,628.30 per troy ounce, so the close of $1,788.40 is a gain of 9.8% over the month.
A year before 29 August 2011, gold was around $1,236.00 per troy ounce. The close of $1,788.40 therefore represents a rise of 44.7% over twelve months.
It closed 5.31% below the highest close on record up to that date, which was set on 2011-08-22.