Highest so far that week
This was the strongest close of the week up to that point.
Loading…
This page is a historical record of the gold price in 7 December 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,740.90 per troy ounce on 7 December 2011, up $13.00 (0.75%) from the previous close of $1,727.90.
This was the strongest close of the week up to that point.
This close sat 7.83% 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 $1,408.30, making this a +23.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,740.90 per troy ounce on 7 December 2011. That is $13.00 higher than the previous close of $1,727.90, a move of 0.75%.
The gold price rose on 7 December 2011, gaining $13.00 (0.75%) against the previous session's close of $1,727.90.
At $1,740.90 per troy ounce, one gram of pure gold was worth about $55.97 on 7 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2011 18k gold was worth about $41.98 per gram and 14k about $32.65 per gram, against $55.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 53.5 on 7 December 2011, meaning one ounce of gold was worth roughly 53.5 ounces of silver.
A year before 7 December 2011, gold was around $1,408.30 per troy ounce. The close of $1,740.90 therefore represents a rise of 23.6% over twelve months.
It closed 7.83% below the highest close on record up to that date, which was set on 2011-08-22.