Distance from the record
This close sat 4.78% below the highest gold close recorded up to that date, set on 2000-09-27.
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This page is a historical record of the gold price in 8 May 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $265.10 per troy ounce on 8 May 2001, down $1.000 (0.38%) from the previous close of $266.10.
Notable session: lowest close of the month.
This close sat 4.78% below the highest gold close recorded up to that date, set on 2000-09-27.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $265.10 per troy ounce on 8 May 2001. That is $1.00 lower than the previous close of $266.10, a move of -0.38%.
The gold price fell on 8 May 2001, losing $1.00 (0.38%) against the previous session's close of $266.10.
At $265.10 per troy ounce, one gram of pure gold was worth about $8.52 on 8 May 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2001 18k gold was worth about $6.39 per gram and 14k about $4.97 per gram, against $8.52 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 61.6 on 8 May 2001, meaning one ounce of gold was worth roughly 61.6 ounces of silver.
It closed 4.78% below the highest close on record up to that date, which was set on 2000-09-27.