Distance from the record
This close sat 4.87% 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 5 May 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 14 April 2011
Gold closed at $1,480.90 per troy ounce on 5 May 2011, down $34.00 (2.24%) from the previous close of $1,514.90.
Gold lost 2.24% 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 4.87% 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 $1,174.60, making this a +26.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,480.90 per troy ounce on 5 May 2011. That is $34.00 lower than the previous close of $1,514.90, a move of -2.24%.
The gold price fell on 5 May 2011, losing $34.00 (2.24%) against the previous session's close of $1,514.90.
At $1,480.90 per troy ounce, one gram of pure gold was worth about $47.61 on 5 May 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 May 2011 18k gold was worth about $35.71 per gram and 14k about $27.77 per gram, against $47.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 40.9 on 5 May 2011, meaning one ounce of gold was worth roughly 40.9 ounces of silver.
A week before 5 May 2011, gold was around $1,530.80 per troy ounce, so the close of $1,480.90 is a loss of 3.3% over the week.
A year before 5 May 2011, gold was around $1,174.60 per troy ounce. The close of $1,480.90 therefore represents a rise of 26.1% over twelve months.
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 4.87% below the highest close on record up to that date, which was set on 2011-05-02.