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 February 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,746.40 per troy ounce on 7 February 2012, up $23.60 (1.37%) from the previous close of $1,722.80.
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 7.53% 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 $1,347.60, making this a +29.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,746.40 per troy ounce on 7 February 2012. That is $23.60 higher than the previous close of $1,722.80, a move of 1.37%.
The gold price rose on 7 February 2012, gaining $23.60 (1.37%) against the previous session's close of $1,722.80.
At $1,746.40 per troy ounce, one gram of pure gold was worth about $56.15 on 7 February 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 February 2012 18k gold was worth about $42.11 per gram and 14k about $32.75 per gram, against $56.15 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 51.1 on 7 February 2012, meaning one ounce of gold was worth roughly 51.1 ounces of silver.
A month before 7 February 2012, gold was around $1,616.10 per troy ounce, so the close of $1,746.40 is a gain of 8.1% over the month.
A year before 7 February 2012, gold was around $1,347.60 per troy ounce. The close of $1,746.40 therefore represents a rise of 29.6% over twelve months.
It closed 7.53% below the highest close on record up to that date, which was set on 2011-08-22.