Distance from the record
This close sat 15.52% 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 16 December 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,595.60 per troy ounce on 16 December 2011, up $21.00 (1.33%) from the previous close of $1,574.60.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 15.52% 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 $1,370.40, making this a +16.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,595.60 per troy ounce on 16 December 2011. That is $21.00 higher than the previous close of $1,574.60, a move of 1.33%.
The gold price rose on 16 December 2011, gaining $21.00 (1.33%) against the previous session's close of $1,574.60.
At $1,595.60 per troy ounce, one gram of pure gold was worth about $51.30 on 16 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 December 2011 18k gold was worth about $38.47 per gram and 14k about $29.92 per gram, against $51.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.9 on 16 December 2011, meaning one ounce of gold was worth roughly 53.9 ounces of silver.
A week before 16 December 2011, gold was around $1,712.80 per troy ounce, so the close of $1,595.60 is a loss of 6.8% over the week.
A month before 16 December 2011, gold was around $1,773.80 per troy ounce, so the close of $1,595.60 is a loss of 10.0% over the month.
A year before 16 December 2011, gold was around $1,370.40 per troy ounce. The close of $1,595.60 therefore represents a rise of 16.4% over twelve months.
It closed 15.52% below the highest close on record up to that date, which was set on 2011-08-22.