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 7 December 2020, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,861.80 per troy ounce on 7 December 2020, up $25.90 (1.41%) from the previous close of $1,835.90.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 9.25% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,459.10, making this a +27.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,861.80 per troy ounce on 7 December 2020. That is $25.90 higher than the previous close of $1,835.90, a move of 1.41%.
The gold price rose on 7 December 2020, gaining $25.90 (1.41%) against the previous session's close of $1,835.90.
At $1,861.80 per troy ounce, one gram of pure gold was worth about $59.86 on 7 December 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 December 2020 18k gold was worth about $44.89 per gram and 14k about $34.92 per gram, against $59.86 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.3 on 7 December 2020, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A week before 7 December 2020, gold was around $1,775.70 per troy ounce, so the close of $1,861.80 is a gain of 4.8% over the week.
A year before 7 December 2020, gold was around $1,459.10 per troy ounce. The close of $1,861.80 therefore represents a rise of 27.6% over twelve months.
It closed 9.25% below the highest close on record up to that date, which was set on 2020-08-06.