Distance from the record
This close sat 13.46% 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 7 October 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,634.50 per troy ounce on 7 October 2011, down $17.40 (1.05%) from the previous close of $1,651.90.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 13.46% 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 $1,333.90, making this a +22.54% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,634.50 per troy ounce on 7 October 2011. That is $17.40 lower than the previous close of $1,651.90, a move of -1.05%.
The gold price fell on 7 October 2011, losing $17.40 (1.05%) against the previous session's close of $1,651.90.
At $1,634.50 per troy ounce, one gram of pure gold was worth about $52.55 on 7 October 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 October 2011 18k gold was worth about $39.41 per gram and 14k about $30.65 per gram, against $52.55 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.8 on 7 October 2011, meaning one ounce of gold was worth roughly 52.8 ounces of silver.
A month before 7 October 2011, gold was around $1,814.20 per troy ounce, so the close of $1,634.50 is a loss of 9.9% over the month.
A year before 7 October 2011, gold was around $1,333.90 per troy ounce. The close of $1,634.50 therefore represents a rise of 22.5% over twelve months.
It closed 13.46% below the highest close on record up to that date, which was set on 2011-08-22.