Distance from the record
This close sat 4.10% below the highest gold close recorded up to that date, set on 2023-12-01.
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This page is a historical record of the gold price in 12 December 2023, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 November 2023
Gold closed at $1,977.80 per troy ounce on 12 December 2023, down $0.200 (0.01%) from the previous close of $1,978.00.
Notable session: lowest close of the month.
This close extended a run of 4 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 close sat 4.10% 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 $1,780.50, making this a +11.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,977.80 per troy ounce on 12 December 2023. That is $0.20 lower than the previous close of $1,978.00, a move of -0.01%.
The gold price fell on 12 December 2023, losing $0.20 (0.01%) against the previous session's close of $1,978.00.
At $1,977.80 per troy ounce, one gram of pure gold was worth about $63.59 on 12 December 2023. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 December 2023 18k gold was worth about $47.69 per gram and 14k about $37.09 per gram, against $63.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 87.0 on 12 December 2023, meaning one ounce of gold was worth roughly 87.0 ounces of silver.
A week before 12 December 2023, gold was around $2,018.50 per troy ounce, so the close of $1,977.80 is a loss of 2.0% over the week.
This close was session 4 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 4.10% below the highest close on record up to that date, which was set on 2023-12-01.