Distance from the record
This close sat 14.51% 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 4 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,614.70 per troy ounce on 4 October 2011, down $41.30 (2.49%) from the previous close of $1,656.00.
Gold lost 2.49% 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 14.51% 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 $1,315.40, making this a +22.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,614.70 per troy ounce on 4 October 2011. That is $41.30 lower than the previous close of $1,656.00, a move of -2.49%.
The gold price fell on 4 October 2011, losing $41.30 (2.49%) against the previous session's close of $1,656.00.
At $1,614.70 per troy ounce, one gram of pure gold was worth about $51.91 on 4 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 October 2011 18k gold was worth about $38.94 per gram and 14k about $30.28 per gram, against $51.91 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.2 on 4 October 2011, meaning one ounce of gold was worth roughly 54.2 ounces of silver.
A week before 4 October 2011, gold was around $1,650.60 per troy ounce, so the close of $1,614.70 is a loss of 2.2% over the week.
A month before 4 October 2011, gold was around $1,873.70 per troy ounce, so the close of $1,614.70 is a loss of 13.8% over the month.
A year before 4 October 2011, gold was around $1,315.40 per troy ounce. The close of $1,614.70 therefore represents a rise of 22.8% over twelve months.
It closed 14.51% below the highest close on record up to that date, which was set on 2011-08-22.