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 May 2012, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,638.60 per troy ounce on 7 May 2012, down $6.100 (0.37%) from the previous close of $1,644.70.
This was the strongest close of the week up to that point.
This close sat 13.24% 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 $1,491.20, making this a +9.88% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,638.60 per troy ounce on 7 May 2012. That is $6.10 lower than the previous close of $1,644.70, a move of -0.37%.
The gold price fell on 7 May 2012, losing $6.10 (0.37%) against the previous session's close of $1,644.70.
At $1,638.60 per troy ounce, one gram of pure gold was worth about $52.68 on 7 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 7 May 2012 18k gold was worth about $39.51 per gram and 14k about $30.73 per gram, against $52.68 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.5 on 7 May 2012, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
It closed 13.24% below the highest close on record up to that date, which was set on 2011-08-22.