Distance from the record
This close sat 33.20% 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 5 December 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 8 August 2017
Gold closed at $1,261.60 per troy ounce on 5 December 2017, down $12.70 (1.00%) from the previous close of $1,274.30.
This close sat 33.20% 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 $1,174.00, making this a +7.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,261.60 per troy ounce on 5 December 2017. That is $12.70 lower than the previous close of $1,274.30, a move of -1.00%.
The gold price fell on 5 December 2017, losing $12.70 (1.00%) against the previous session's close of $1,274.30.
At $1,261.60 per troy ounce, one gram of pure gold was worth about $40.56 on 5 December 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 December 2017 18k gold was worth about $30.42 per gram and 14k about $23.66 per gram, against $40.56 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.0 on 5 December 2017, meaning one ounce of gold was worth roughly 79.0 ounces of silver.
A week before 5 December 2017, gold was around $1,294.70 per troy ounce, so the close of $1,261.60 is a loss of 2.6% over the week.
It closed 33.20% below the highest close on record up to that date, which was set on 2011-08-22.