Distance from the record
This close sat 3.94% 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 September 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,814.20 per troy ounce on 7 September 2011, down $55.70 (2.98%) from the previous close of $1,869.90.
Gold lost 2.98% 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 3.94% 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 $1,257.30, making this a +44.29% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,814.20 per troy ounce on 7 September 2011. That is $55.70 lower than the previous close of $1,869.90, a move of -2.98%.
The gold price fell on 7 September 2011, losing $55.70 (2.98%) against the previous session's close of $1,869.90.
At $1,814.20 per troy ounce, one gram of pure gold was worth about $58.33 on 7 September 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 September 2011 18k gold was worth about $43.75 per gram and 14k about $34.02 per gram, against $58.33 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 43.6 on 7 September 2011, meaning one ounce of gold was worth roughly 43.6 ounces of silver.
A month before 7 September 2011, gold was around $1,648.80 per troy ounce, so the close of $1,814.20 is a gain of 10.0% over the month.
A year before 7 September 2011, gold was around $1,257.30 per troy ounce. The close of $1,814.20 therefore represents a rise of 44.3% over twelve months.
It closed 3.94% below the highest close on record up to that date, which was set on 2011-08-22.