Distance from the record
This close sat 10.88% 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 March 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,683.30 per troy ounce on 7 March 2012, up $11.90 (0.71%) from the previous close of $1,671.40.
This close sat 10.88% 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 $1,434.10, making this a +17.38% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,683.30 per troy ounce on 7 March 2012. That is $11.90 higher than the previous close of $1,671.40, a move of 0.71%.
The gold price rose on 7 March 2012, gaining $11.90 (0.71%) against the previous session's close of $1,671.40.
At $1,683.30 per troy ounce, one gram of pure gold was worth about $54.12 on 7 March 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 March 2012 18k gold was worth about $40.59 per gram and 14k about $31.57 per gram, against $54.12 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 50.2 on 7 March 2012, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A year before 7 March 2012, gold was around $1,434.10 per troy ounce. The close of $1,683.30 therefore represents a rise of 17.4% over twelve months.
It closed 10.88% below the highest close on record up to that date, which was set on 2011-08-22.