Distance from the record
This close sat 15.04% 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 23 December 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,604.70 per troy ounce on 23 December 2011, down $4.200 (0.26%) from the previous close of $1,608.90.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 15.04% 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 $1,380.00, making this a +16.28% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,604.70 per troy ounce on 23 December 2011. That is $4.20 lower than the previous close of $1,608.90, a move of -0.26%.
The gold price fell on 23 December 2011, losing $4.20 (0.26%) against the previous session's close of $1,608.90.
At $1,604.70 per troy ounce, one gram of pure gold was worth about $51.59 on 23 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 December 2011 18k gold was worth about $38.69 per gram and 14k about $30.10 per gram, against $51.59 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 55.2 on 23 December 2011, meaning one ounce of gold was worth roughly 55.2 ounces of silver.
A month before 23 December 2011, gold was around $1,695.70 per troy ounce, so the close of $1,604.70 is a loss of 5.4% over the month.
A year before 23 December 2011, gold was around $1,380.00 per troy ounce. The close of $1,604.70 therefore represents a rise of 16.3% 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 15.04% below the highest close on record up to that date, which was set on 2011-08-22.