Distance from the record
This close sat 17.25% 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 28 December 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 12 July 2011
Gold closed at $1,562.90 per troy ounce on 28 December 2011, down $31.30 (1.96%) from the previous close of $1,594.20.
This close extended a run of 5 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 17.25% 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 $1,405.20, making this a +11.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,562.90 per troy ounce on 28 December 2011. That is $31.30 lower than the previous close of $1,594.20, a move of -1.96%.
The gold price fell on 28 December 2011, losing $31.30 (1.96%) against the previous session's close of $1,594.20.
At $1,562.90 per troy ounce, one gram of pure gold was worth about $50.25 on 28 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 December 2011 18k gold was worth about $37.69 per gram and 14k about $29.31 per gram, against $50.25 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 57.5 on 28 December 2011, meaning one ounce of gold was worth roughly 57.5 ounces of silver.
A week before 28 December 2011, gold was around $1,611.90 per troy ounce, so the close of $1,562.90 is a loss of 3.0% over the week.
A month before 28 December 2011, gold was around $1,710.80 per troy ounce, so the close of $1,562.90 is a loss of 8.6% over the month.
This close was session 5 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 17.25% below the highest close on record up to that date, which was set on 2011-08-22.