Distance from the record
This close sat 5.63% below the highest gold close recorded up to that date, set on 2001-09-26.
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This page is a historical record of the gold price in 8 November 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $276.80 per troy ounce on 8 November 2001, down $4.200 (1.49%) from the previous close of $281.00.
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 5.63% below the highest gold close recorded up to that date, set on 2001-09-26.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $265.00, making this a +4.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $276.80 per troy ounce on 8 November 2001. That is $4.20 lower than the previous close of $281.00, a move of -1.49%.
The gold price fell on 8 November 2001, losing $4.20 (1.49%) against the previous session's close of $281.00.
At $276.80 per troy ounce, one gram of pure gold was worth about $8.90 on 8 November 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 November 2001 18k gold was worth about $6.67 per gram and 14k about $5.19 per gram, against $8.90 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.0 on 8 November 2001, meaning one ounce of gold was worth roughly 68.0 ounces of silver.
A month before 8 November 2001, gold was around $292.40 per troy ounce, so the close of $276.80 is a loss of 5.3% over the month.
It closed 5.63% below the highest close on record up to that date, which was set on 2001-09-26.