Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 7 March 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,434.10 per troy ounce on 7 March 2011, up $5.900 (0.41%) from the previous close of $1,428.20.
This was the strongest close of the week up to that point.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,134.80, making this a +26.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,434.10 per troy ounce on 7 March 2011. That is $5.90 higher than the previous close of $1,428.20, a move of 0.41%.
The gold price rose on 7 March 2011, gaining $5.90 (0.41%) against the previous session's close of $1,428.20.
At $1,434.10 per troy ounce, one gram of pure gold was worth about $46.11 on 7 March 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2011 18k gold was worth about $34.58 per gram and 14k about $26.90 per gram, against $46.11 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 40.0 on 7 March 2011, meaning one ounce of gold was worth roughly 40.0 ounces of silver.
A month before 7 March 2011, gold was around $1,347.60 per troy ounce, so the close of $1,434.10 is a gain of 6.4% over the month.
A year before 7 March 2011, gold was around $1,134.80 per troy ounce. The close of $1,434.10 therefore represents a rise of 26.4% over twelve months.
It closed 0.33% below the highest close on record up to that date, which was set on 2011-03-01.