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 31 August 2017, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 August 2017
Gold closed at $1,316.20 per troy ounce on 31 August 2017, up $8.100 (0.62%) from the previous close of $1,308.10.
This was the strongest close of the week up to that point.
This close sat 30.31% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 10 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,306.90, making this a +0.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,316.20 per troy ounce on 31 August 2017. That is $8.10 higher than the previous close of $1,308.10, a move of 0.62%.
The gold price rose on 31 August 2017, gaining $8.10 (0.62%) against the previous session's close of $1,308.10.
At $1,316.20 per troy ounce, one gram of pure gold was worth about $42.32 on 31 August 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 August 2017 18k gold was worth about $31.74 per gram and 14k about $24.68 per gram, against $42.32 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.3 on 31 August 2017, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A week before 31 August 2017, gold was around $1,286.50 per troy ounce, so the close of $1,316.20 is a gain of 2.3% over the week.
It closed 30.31% below the highest close on record up to that date, which was set on 2011-08-22.
The most recent higher close was about 11 months earlier — 229 trading sessions before this one.