Distance from the record
This close sat 9.78% 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 7 December 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,704.00 per troy ounce on 7 December 2012, up $3.700 (0.22%) from the previous close of $1,700.30.
This close sat 9.78% 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 $1,740.90, making this a -2.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,704.00 per troy ounce on 7 December 2012. That is $3.70 higher than the previous close of $1,700.30, a move of 0.22%.
The gold price rose on 7 December 2012, gaining $3.70 (0.22%) against the previous session's close of $1,700.30.
At $1,704.00 per troy ounce, one gram of pure gold was worth about $54.78 on 7 December 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2012 18k gold was worth about $41.09 per gram and 14k about $31.96 per gram, against $54.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.6 on 7 December 2012, meaning one ounce of gold was worth roughly 51.6 ounces of silver.
It closed 9.78% below the highest close on record up to that date, which was set on 2011-08-22.