Distance from the record
This close sat 16.15% 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 11 May 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 December 2011
Gold closed at $1,583.60 per troy ounce on 11 May 2012, down $11.50 (0.72%) from the previous close of $1,595.10.
This close sat 16.15% 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 $1,501.10, making this a +5.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,583.60 per troy ounce on 11 May 2012. That is $11.50 lower than the previous close of $1,595.10, a move of -0.72%.
The gold price fell on 11 May 2012, losing $11.50 (0.72%) against the previous session's close of $1,595.10.
At $1,583.60 per troy ounce, one gram of pure gold was worth about $50.91 on 11 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 May 2012 18k gold was worth about $38.19 per gram and 14k about $29.70 per gram, against $50.91 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.9 on 11 May 2012, meaning one ounce of gold was worth roughly 54.9 ounces of silver.
A week before 11 May 2012, gold was around $1,644.70 per troy ounce, so the close of $1,583.60 is a loss of 3.7% over the week.
It closed 16.15% below the highest close on record up to that date, which was set on 2011-08-22.