Distance from the record
This close sat 13.04% 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 14 March 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 13 January 2012
Gold closed at $1,642.50 per troy ounce on 14 March 2012, down $51.20 (3.02%) from the previous close of $1,693.70.
Notable session: moved more than 3% in a session.
Gold lost 3.02% 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 13.04% 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 $1,424.60, making this a +15.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,642.50 per troy ounce on 14 March 2012. That is $51.20 lower than the previous close of $1,693.70, a move of -3.02%.
The gold price fell on 14 March 2012, losing $51.20 (3.02%) against the previous session's close of $1,693.70.
At $1,642.50 per troy ounce, one gram of pure gold was worth about $52.81 on 14 March 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 March 2012 18k gold was worth about $39.61 per gram and 14k about $30.80 per gram, against $52.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.1 on 14 March 2012, meaning one ounce of gold was worth roughly 51.1 ounces of silver.
A week before 14 March 2012, gold was around $1,683.30 per troy ounce, so the close of $1,642.50 is a loss of 2.4% over the week.
A year before 14 March 2012, gold was around $1,424.60 per troy ounce. The close of $1,642.50 therefore represents a rise of 15.3% 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 13.04% below the highest close on record up to that date, which was set on 2011-08-22.