Distance from the record
This close sat 37.99% below the highest gold close recorded up to that date, set on 2011-08-22.
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This page is a historical record of the gold price in 31 October 2014, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 October 2014
Gold closed at $1,171.10 per troy ounce on 31 October 2014, down $27.00 (2.25%) from the previous close of $1,198.10.
Gold lost 2.25% 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 37.99% 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 $1,323.60, making this a -11.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,171.10 per troy ounce on 31 October 2014. That is $27.00 lower than the previous close of $1,198.10, a move of -2.25%.
The gold price fell on 31 October 2014, losing $27.00 (2.25%) against the previous session's close of $1,198.10.
At $1,171.10 per troy ounce, one gram of pure gold was worth about $37.65 on 31 October 2014. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 31 October 2014 18k gold was worth about $28.24 per gram and 14k about $21.96 per gram, against $37.65 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.8 on 31 October 2014, meaning one ounce of gold was worth roughly 72.8 ounces of silver.
A week before 31 October 2014, gold was around $1,231.20 per troy ounce, so the close of $1,171.10 is a loss of 4.9% over the week.
This close was session 3 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 37.99% below the highest close on record up to that date, which was set on 2011-08-22.