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 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,724.20 per troy ounce on 31 October 2011, down $22.00 (1.26%) from the previous close of $1,746.20.
This was the strongest close of the week up to that point.
This close sat 8.71% 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 $1,357.10, making this a +27.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,724.20 per troy ounce on 31 October 2011. That is $22.00 lower than the previous close of $1,746.20, a move of -1.26%.
The gold price fell on 31 October 2011, losing $22.00 (1.26%) against the previous session's close of $1,746.20.
At $1,724.20 per troy ounce, one gram of pure gold was worth about $55.43 on 31 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2011 18k gold was worth about $41.58 per gram and 14k about $32.34 per gram, against $55.43 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.2 on 31 October 2011, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A week before 31 October 2011, gold was around $1,651.50 per troy ounce, so the close of $1,724.20 is a gain of 4.4% over the week.
A month before 31 October 2011, gold was around $1,620.40 per troy ounce, so the close of $1,724.20 is a gain of 6.4% over the month.
A year before 31 October 2011, gold was around $1,357.10 per troy ounce. The close of $1,724.20 therefore represents a rise of 27.1% over twelve months.
It closed 8.71% below the highest close on record up to that date, which was set on 2011-08-22.