Distance from the record
This close sat 12.22% 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 March 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,657.90 per troy ounce on 28 March 2012, down $26.90 (1.60%) from the previous close of $1,684.80.
This close sat 12.22% 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 $1,419.80, making this a +16.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,657.90 per troy ounce on 28 March 2012. That is $26.90 lower than the previous close of $1,684.80, a move of -1.60%.
The gold price fell on 28 March 2012, losing $26.90 (1.60%) against the previous session's close of $1,684.80.
At $1,657.90 per troy ounce, one gram of pure gold was worth about $53.30 on 28 March 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 28 March 2012 18k gold was worth about $39.98 per gram and 14k about $31.09 per gram, against $53.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.1 on 28 March 2012, meaning one ounce of gold was worth roughly 52.1 ounces of silver.
A month before 28 March 2012, gold was around $1,787.00 per troy ounce, so the close of $1,657.90 is a loss of 7.2% over the month.
A year before 28 March 2012, gold was around $1,419.80 per troy ounce. The close of $1,657.90 therefore represents a rise of 16.8% over twelve months.
It closed 12.22% below the highest close on record up to that date, which was set on 2011-08-22.