Distance from the record
This close sat 15.85% 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 12 March 2020, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 28 February 2020
Gold closed at $1,589.30 per troy ounce on 12 March 2020, down $52.10 (3.17%) from the previous close of $1,641.40.
Notable session: moved more than 3% in a session.
Gold lost 3.17% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 15.85% 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 $1,296.30, making this a +22.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,589.30 per troy ounce on 12 March 2020. That is $52.10 lower than the previous close of $1,641.40, a move of -3.17%.
The gold price fell on 12 March 2020, losing $52.10 (3.17%) against the previous session's close of $1,641.40.
At $1,589.30 per troy ounce, one gram of pure gold was worth about $51.10 on 12 March 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 March 2020 18k gold was worth about $38.32 per gram and 14k about $29.81 per gram, against $51.10 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 99.6 on 12 March 2020, meaning one ounce of gold was worth roughly 99.6 ounces of silver.
A week before 12 March 2020, gold was around $1,666.40 per troy ounce, so the close of $1,589.30 is a loss of 4.6% over the week.
A year before 12 March 2020, gold was around $1,296.30 per troy ounce. The close of $1,589.30 therefore represents a rise of 22.6% over twelve months.
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 15.85% below the highest close on record up to that date, which was set on 2011-08-22.