Distance from the record
This close sat 1.07% below the highest gold close recorded up to that date, set on 2011-05-02.
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This page is a historical record of the gold price in 3 May 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,540.10 per troy ounce on 3 May 2011, down $16.60 (1.07%) from the previous close of $1,556.70.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 1.07% below the highest gold close recorded up to that date, set on 2011-05-02.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,182.70, making this a +30.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,540.10 per troy ounce on 3 May 2011. That is $16.60 lower than the previous close of $1,556.70, a move of -1.07%.
The gold price fell on 3 May 2011, losing $16.60 (1.07%) against the previous session's close of $1,556.70.
At $1,540.10 per troy ounce, one gram of pure gold was worth about $49.52 on 3 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 3 May 2011 18k gold was worth about $37.14 per gram and 14k about $28.88 per gram, against $49.52 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 36.2 on 3 May 2011, meaning one ounce of gold was worth roughly 36.2 ounces of silver.
A week before 3 May 2011, gold was around $1,503.00 per troy ounce, so the close of $1,540.10 is a gain of 2.5% over the week.
A month before 3 May 2011, gold was around $1,438.90 per troy ounce, so the close of $1,540.10 is a gain of 7.0% over the month.
A year before 3 May 2011, gold was around $1,182.70 per troy ounce. The close of $1,540.10 therefore represents a rise of 30.2% over twelve months.
It closed 1.07% below the highest close on record up to that date, which was set on 2011-05-02.