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 8 July 2011, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 June 2011
Gold closed at $1,541.20 per troy ounce on 8 July 2011, up $11.00 (0.72%) from the previous close of $1,530.20.
This close extended a run of 4 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.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,195.80, making this a +28.88% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,541.20 per troy ounce on 8 July 2011. That is $11.00 higher than the previous close of $1,530.20, a move of 0.72%.
The gold price rose on 8 July 2011, gaining $11.00 (0.72%) against the previous session's close of $1,530.20.
At $1,541.20 per troy ounce, one gram of pure gold was worth about $49.55 on 8 July 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 July 2011 18k gold was worth about $37.16 per gram and 14k about $28.90 per gram, against $49.55 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 42.2 on 8 July 2011, meaning one ounce of gold was worth roughly 42.2 ounces of silver.
A week before 8 July 2011, gold was around $1,502.30 per troy ounce, so the close of $1,541.20 is a gain of 2.6% over the week.
A year before 8 July 2011, gold was around $1,195.80 per troy ounce. The close of $1,541.20 therefore represents a rise of 28.9% over twelve months.
This close was session 4 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 1.00% below the highest close on record up to that date, which was set on 2011-05-02.