Distance from the record
This close sat 3.80% below the highest gold close recorded up to that date, set on 2011-01-03.
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This page is a historical record of the gold price in 7 January 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 29 November 2010
Gold closed at $1,368.50 per troy ounce on 7 January 2011, down $2.900 (0.21%) from the previous close of $1,371.40.
This close extended a run of 4 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 3.80% below the highest gold close recorded up to that date, set on 2011-01-03.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,133.10, making this a +20.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,368.50 per troy ounce on 7 January 2011. That is $2.90 lower than the previous close of $1,371.40, a move of -0.21%.
The gold price fell on 7 January 2011, losing $2.90 (0.21%) against the previous session's close of $1,371.40.
At $1,368.50 per troy ounce, one gram of pure gold was worth about $44.00 on 7 January 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 January 2011 18k gold was worth about $33.00 per gram and 14k about $25.67 per gram, against $44.00 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 47.7 on 7 January 2011, meaning one ounce of gold was worth roughly 47.7 ounces of silver.
A week before 7 January 2011, gold was around $1,421.10 per troy ounce, so the close of $1,368.50 is a loss of 3.7% over the week.
A year before 7 January 2011, gold was around $1,133.10 per troy ounce. The close of $1,368.50 therefore represents a rise of 20.8% over twelve months.
This close was session 4 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 3.80% below the highest close on record up to that date, which was set on 2011-01-03.