Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 11 December 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 November 2023
Gold closed at $1,978.00 per troy ounce on 11 December 2023, down $20.30 (1.02%) from the previous close of $1,998.30.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 4.09% below the highest gold close recorded up to that date, set on 2023-12-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,798.10, making this a +10.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,978.00 per troy ounce on 11 December 2023. That is $20.30 lower than the previous close of $1,998.30, a move of -1.02%.
The gold price fell on 11 December 2023, losing $20.30 (1.02%) against the previous session's close of $1,998.30.
At $1,978.00 per troy ounce, one gram of pure gold was worth about $63.59 on 11 December 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 December 2023 18k gold was worth about $47.70 per gram and 14k about $37.10 per gram, against $63.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 86.9 on 11 December 2023, meaning one ounce of gold was worth roughly 86.9 ounces of silver.
A week before 11 December 2023, gold was around $2,024.10 per troy ounce, so the close of $1,978.00 is a loss of 2.3% over the week.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 4.09% below the highest close on record up to that date, which was set on 2023-12-01.