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 12 December 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,163.50 per troy ounce on 12 December 2016, up $4.100 (0.35%) from the previous close of $1,159.40.
This was the strongest close of the week up to that point.
This close sat 38.40% 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 $1,076.90, making this a +8.04% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,163.50 per troy ounce on 12 December 2016. That is $4.10 higher than the previous close of $1,159.40, a move of 0.35%.
The gold price rose on 12 December 2016, gaining $4.10 (0.35%) against the previous session's close of $1,159.40.
At $1,163.50 per troy ounce, one gram of pure gold was worth about $37.41 on 12 December 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 December 2016 18k gold was worth about $28.06 per gram and 14k about $21.82 per gram, against $37.41 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.0 on 12 December 2016, meaning one ounce of gold was worth roughly 68.0 ounces of silver.
A month before 12 December 2016, gold was around $1,265.50 per troy ounce, so the close of $1,163.50 is a loss of 8.1% over the month.
It closed 38.40% below the highest close on record up to that date, which was set on 2011-08-22.