Distance from the record
This close sat 11.36% 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 2 November 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 August 2012
Gold closed at $1,674.10 per troy ounce on 2 November 2012, down $36.80 (2.15%) from the previous close of $1,710.90.
Notable session: lowest close of the month.
Gold lost 2.15% 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 11.36% 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 $1,728.70, making this a -3.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,674.10 per troy ounce on 2 November 2012. That is $36.80 lower than the previous close of $1,710.90, a move of -2.15%.
The gold price fell on 2 November 2012, losing $36.80 (2.15%) against the previous session's close of $1,710.90.
At $1,674.10 per troy ounce, one gram of pure gold was worth about $53.82 on 2 November 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 2 November 2012 18k gold was worth about $40.37 per gram and 14k about $31.40 per gram, against $53.82 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.3 on 2 November 2012, meaning one ounce of gold was worth roughly 54.3 ounces of silver.
A week before 2 November 2012, gold was around $1,710.90 per troy ounce, so the close of $1,674.10 is a loss of 2.2% over the week.
A month before 2 November 2012, gold was around $1,772.70 per troy ounce, so the close of $1,674.10 is a loss of 5.6% over the month.
It closed 11.36% below the highest close on record up to that date, which was set on 2011-08-22.