Distance from the record
This close sat 7.55% below the highest gold close recorded up to that date, set on 2001-05-18.
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This page is a historical record of the gold price in 30 May 2001, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 May 2001
Gold closed at $265.70 per troy ounce on 30 May 2001, down $8.100 (2.96%) from the previous close of $273.80.
Gold lost 2.96% 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 7.55% below the highest gold close recorded up to that date, set on 2001-05-18.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $265.70 per troy ounce on 30 May 2001. That is $8.10 lower than the previous close of $273.80, a move of -2.96%.
The gold price fell on 30 May 2001, losing $8.10 (2.96%) against the previous session's close of $273.80.
At $265.70 per troy ounce, one gram of pure gold was worth about $8.54 on 30 May 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 30 May 2001 18k gold was worth about $6.41 per gram and 14k about $4.98 per gram, against $8.54 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.1 on 30 May 2001, meaning one ounce of gold was worth roughly 60.1 ounces of silver.
A week before 30 May 2001, gold was around $283.60 per troy ounce, so the close of $265.70 is a loss of 6.3% over the week.
This close was session 7 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 7.55% below the highest close on record up to that date, which was set on 2001-05-18.