Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 27 August 2012, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 August 2012
Gold closed at $1,672.40 per troy ounce on 27 August 2012, up $2.600 (0.16%) from the previous close of $1,669.80.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 11.45% 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 $1,794.10, making this a -6.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,672.40 per troy ounce on 27 August 2012. That is $2.60 higher than the previous close of $1,669.80, a move of 0.16%.
The gold price rose on 27 August 2012, gaining $2.60 (0.16%) against the previous session's close of $1,669.80.
At $1,672.40 per troy ounce, one gram of pure gold was worth about $53.77 on 27 August 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 27 August 2012 18k gold was worth about $40.33 per gram and 14k about $31.37 per gram, against $53.77 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.9 on 27 August 2012, meaning one ounce of gold was worth roughly 53.9 ounces of silver.
A week before 27 August 2012, gold was around $1,620.10 per troy ounce, so the close of $1,672.40 is a gain of 3.2% over the week.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 11.45% below the highest close on record up to that date, which was set on 2011-08-22.