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 October 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,224.50 per troy ounce on 29 October 2018, down $8.000 (0.65%) from the previous close of $1,232.50.
This was the strongest close of the week up to that point.
This close sat 35.17% 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 $1,268.50, making this a -3.47% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,224.50 per troy ounce on 29 October 2018. That is $8.00 lower than the previous close of $1,232.50, a move of -0.65%.
The gold price fell on 29 October 2018, losing $8.00 (0.65%) against the previous session's close of $1,232.50.
At $1,224.50 per troy ounce, one gram of pure gold was worth about $39.37 on 29 October 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 October 2018 18k gold was worth about $29.53 per gram and 14k about $22.97 per gram, against $39.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 85.2 on 29 October 2018, meaning one ounce of gold was worth roughly 85.2 ounces of silver.
It closed 35.17% below the highest close on record up to that date, which was set on 2011-08-22.