Distance from the record
This close sat 36.61% 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 2018, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,197.20 per troy ounce on 4 October 2018, down $1.100 (0.09%) from the previous close of $1,198.30.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 36.61% 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 $1,273.70, making this a -6.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,197.20 per troy ounce on 4 October 2018. That is $1.10 lower than the previous close of $1,198.30, a move of -0.09%.
The gold price fell on 4 October 2018, losing $1.10 (0.09%) against the previous session's close of $1,198.30.
At $1,197.20 per troy ounce, one gram of pure gold was worth about $38.49 on 4 October 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 4 October 2018 18k gold was worth about $28.87 per gram and 14k about $22.45 per gram, against $38.49 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 82.5 on 4 October 2018, meaning one ounce of gold was worth roughly 82.5 ounces of silver.
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 36.61% below the highest close on record up to that date, which was set on 2011-08-22.