Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 7 July 2011, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 June 2011
Gold closed at $1,530.20 per troy ounce on 7 July 2011, up $1.500 (0.10%) from the previous close of $1,528.70.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 1.70% 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 $1,198.60, making this a +27.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,530.20 per troy ounce on 7 July 2011. That is $1.50 higher than the previous close of $1,528.70, a move of 0.10%.
The gold price rose on 7 July 2011, gaining $1.50 (0.10%) against the previous session's close of $1,528.70.
At $1,530.20 per troy ounce, one gram of pure gold was worth about $49.20 on 7 July 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 July 2011 18k gold was worth about $36.90 per gram and 14k about $28.70 per gram, against $49.20 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 41.9 on 7 July 2011, meaning one ounce of gold was worth roughly 41.9 ounces of silver.
A year before 7 July 2011, gold was around $1,198.60 per troy ounce. The close of $1,530.20 therefore represents a rise of 27.7% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 1.70% below the highest close on record up to that date, which was set on 2011-05-02.