Distance from the record
This close sat 9.47% 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 February 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 February 2012
Gold closed at $1,709.90 per troy ounce on 29 February 2012, down $77.10 (4.31%) from the previous close of $1,787.00.
Notable session: moved more than 3% in a session.
Gold lost 4.31% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 9.47% 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 $1,409.30, making this a +21.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,709.90 per troy ounce on 29 February 2012. That is $77.10 lower than the previous close of $1,787.00, a move of -4.31%.
The gold price fell on 29 February 2012, losing $77.10 (4.31%) against the previous session's close of $1,787.00.
At $1,709.90 per troy ounce, one gram of pure gold was worth about $54.97 on 29 February 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 29 February 2012 18k gold was worth about $41.23 per gram and 14k about $32.07 per gram, against $54.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 49.4 on 29 February 2012, meaning one ounce of gold was worth roughly 49.4 ounces of silver.
A week before 29 February 2012, gold was around $1,770.00 per troy ounce, so the close of $1,709.90 is a loss of 3.4% over the week.
A year before 29 February 2012, gold was around $1,409.30 per troy ounce. The close of $1,709.90 therefore represents a rise of 21.3% over twelve months.
It closed 9.47% below the highest close on record up to that date, which was set on 2011-08-22.