Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 5 March 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,703.00 per troy ounce on 5 March 2012, down $5.800 (0.34%) from the previous close of $1,708.80.
This was the strongest close of the week up to that point.
This close sat 9.83% 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 $1,428.20, making this a +19.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,703.00 per troy ounce on 5 March 2012. That is $5.80 lower than the previous close of $1,708.80, a move of -0.34%.
The gold price fell on 5 March 2012, losing $5.80 (0.34%) against the previous session's close of $1,708.80.
At $1,703.00 per troy ounce, one gram of pure gold was worth about $54.75 on 5 March 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 5 March 2012 18k gold was worth about $41.06 per gram and 14k about $31.94 per gram, against $54.75 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.6 on 5 March 2012, meaning one ounce of gold was worth roughly 50.6 ounces of silver.
A week before 5 March 2012, gold was around $1,773.60 per troy ounce, so the close of $1,703.00 is a loss of 4.0% over the week.
A year before 5 March 2012, gold was around $1,428.20 per troy ounce. The close of $1,703.00 therefore represents a rise of 19.2% over twelve months.
It closed 9.83% below the highest close on record up to that date, which was set on 2011-08-22.