Distance from the record
This close sat 9.55% 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 October 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 6 September 2012
Gold closed at $1,708.30 per troy ounce on 23 October 2012, down $16.80 (0.97%) from the previous close of $1,725.10.
This close sat 9.55% 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 $1,635.10, making this a +4.48% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,708.30 per troy ounce on 23 October 2012. That is $16.80 lower than the previous close of $1,725.10, a move of -0.97%.
The gold price fell on 23 October 2012, losing $16.80 (0.97%) against the previous session's close of $1,725.10.
At $1,708.30 per troy ounce, one gram of pure gold was worth about $54.92 on 23 October 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 23 October 2012 18k gold was worth about $41.19 per gram and 14k about $32.04 per gram, against $54.92 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.8 on 23 October 2012, meaning one ounce of gold was worth roughly 53.8 ounces of silver.
A week before 23 October 2012, gold was around $1,744.70 per troy ounce, so the close of $1,708.30 is a loss of 2.1% over the week.
It closed 9.55% below the highest close on record up to that date, which was set on 2011-08-22.