Distance from the record
This close sat 18.47% 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 29 December 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 7 July 2011
Gold closed at $1,539.90 per troy ounce on 29 December 2011, down $23.00 (1.47%) from the previous close of $1,562.90.
Notable session: lowest close of the month.
This close extended a run of 6 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 18.47% 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 $1,413.10, making this a +8.97% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,539.90 per troy ounce on 29 December 2011. That is $23.00 lower than the previous close of $1,562.90, a move of -1.47%.
The gold price fell on 29 December 2011, losing $23.00 (1.47%) against the previous session's close of $1,562.90.
At $1,539.90 per troy ounce, one gram of pure gold was worth about $49.51 on 29 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 December 2011 18k gold was worth about $37.13 per gram and 14k about $28.88 per gram, against $49.51 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 56.5 on 29 December 2011, meaning one ounce of gold was worth roughly 56.5 ounces of silver.
A week before 29 December 2011, gold was around $1,608.90 per troy ounce, so the close of $1,539.90 is a loss of 4.3% over the week.
A month before 29 December 2011, gold was around $1,713.40 per troy ounce, so the close of $1,539.90 is a loss of 10.1% over the month.
This close was session 6 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 18.47% below the highest close on record up to that date, which was set on 2011-08-22.