Distance from the record
This close sat 18.58% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 12 October 2022, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,670.30 per troy ounce on 12 October 2022, down $8.400 (0.50%) from the previous close of $1,678.70.
This close sat 18.58% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,758.30, making this a -5.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,670.30 per troy ounce on 12 October 2022. That is $8.40 lower than the previous close of $1,678.70, a move of -0.50%.
The gold price fell on 12 October 2022, losing $8.40 (0.50%) against the previous session's close of $1,678.70.
At $1,670.30 per troy ounce, one gram of pure gold was worth about $53.70 on 12 October 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 October 2022 18k gold was worth about $40.28 per gram and 14k about $31.33 per gram, against $53.70 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 88.5 on 12 October 2022, meaning one ounce of gold was worth roughly 88.5 ounces of silver.
A week before 12 October 2022, gold was around $1,711.40 per troy ounce, so the close of $1,670.30 is a loss of 2.4% over the week.
It closed 18.58% below the highest close on record up to that date, which was set on 2020-08-06.