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 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,175.00 per troy ounce on 7 December 2016, up $7.400 (0.63%) from the previous close of $1,167.60.
This was the strongest close of the week up to that point.
This close sat 37.79% 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 $1,076.40, making this a +9.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,175.00 per troy ounce on 7 December 2016. That is $7.40 higher than the previous close of $1,167.60, a move of 0.63%.
The gold price rose on 7 December 2016, gaining $7.40 (0.63%) against the previous session's close of $1,167.60.
At $1,175.00 per troy ounce, one gram of pure gold was worth about $37.78 on 7 December 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2016 18k gold was worth about $28.33 per gram and 14k about $22.04 per gram, against $37.78 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.3 on 7 December 2016, meaning one ounce of gold was worth roughly 68.3 ounces of silver.
A month before 7 December 2016, gold was around $1,278.30 per troy ounce, so the close of $1,175.00 is a loss of 8.1% over the month.
It closed 37.79% below the highest close on record up to that date, which was set on 2011-08-22.