Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the gold price in 12 January 2017, not the current price.See today's gold price (11 September 2026)
Highest closing price since 22 November 2016
Gold closed at $1,198.90 per troy ounce on 12 January 2017, up $3.300 (0.28%) from the previous close of $1,195.60.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
At the time, no session earlier in the year had closed higher.
This close sat 36.52% 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 $1,085.60, making this a +10.44% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,198.90 per troy ounce on 12 January 2017. That is $3.30 higher than the previous close of $1,195.60, a move of 0.28%.
The gold price rose on 12 January 2017, gaining $3.30 (0.28%) against the previous session's close of $1,195.60.
At $1,198.90 per troy ounce, one gram of pure gold was worth about $38.55 on 12 January 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 January 2017 18k gold was worth about $28.91 per gram and 14k about $22.48 per gram, against $38.55 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 71.4 on 12 January 2017, meaning one ounce of gold was worth roughly 71.4 ounces of silver.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 36.52% below the highest close on record up to that date, which was set on 2011-08-22.