Distance from the record
This close sat 6.61% below the highest gold close recorded up to that date, set on 2001-09-26.
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This page is a historical record of the gold price in 7 December 2001, not the current price.See today's gold price (11 September 2026)
Gold closed at $273.90 per troy ounce on 7 December 2001, down $0.300 (0.11%) from the previous close of $274.20.
Gold barely moved, closing within 0.11% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 6.61% below the highest gold close recorded up to that date, set on 2001-09-26.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $273.20, making this a +0.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $273.90 per troy ounce on 7 December 2001. That is $0.30 lower than the previous close of $274.20, a move of -0.11%.
The gold price fell on 7 December 2001, losing $0.30 (0.11%) against the previous session's close of $274.20.
At $273.90 per troy ounce, one gram of pure gold was worth about $8.81 on 7 December 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2001 18k gold was worth about $6.60 per gram and 14k about $5.14 per gram, against $8.81 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 64.4 on 7 December 2001, meaning one ounce of gold was worth roughly 64.4 ounces of silver.
It closed 6.61% below the highest close on record up to that date, which was set on 2001-09-26.