Distance from the record
This close sat 2.69% 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 4 May 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,514.90 per troy ounce on 4 May 2011, down $25.20 (1.64%) from the previous close of $1,540.10.
This close sat 2.69% 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 $1,168.60, making this a +29.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,514.90 per troy ounce on 4 May 2011. That is $25.20 lower than the previous close of $1,540.10, a move of -1.64%.
The gold price fell on 4 May 2011, losing $25.20 (1.64%) against the previous session's close of $1,540.10.
At $1,514.90 per troy ounce, one gram of pure gold was worth about $48.71 on 4 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 May 2011 18k gold was worth about $36.53 per gram and 14k about $28.41 per gram, against $48.71 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 38.5 on 4 May 2011, meaning one ounce of gold was worth roughly 38.5 ounces of silver.
A month before 4 May 2011, gold was around $1,432.20 per troy ounce, so the close of $1,514.90 is a gain of 5.8% over the month.
A year before 4 May 2011, gold was around $1,168.60 per troy ounce. The close of $1,514.90 therefore represents a rise of 29.6% over twelve months.
It closed 2.69% below the highest close on record up to that date, which was set on 2011-05-02.