Distance from the record
This close sat 9.47% 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 8 December 2011, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 25 November 2011
Gold closed at $1,709.80 per troy ounce on 8 December 2011, down $31.10 (1.79%) from the previous close of $1,740.90.
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 close sat 9.47% 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 $1,382.50, making this a +23.67% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,709.80 per troy ounce on 8 December 2011. That is $31.10 lower than the previous close of $1,740.90, a move of -1.79%.
The gold price fell on 8 December 2011, losing $31.10 (1.79%) against the previous session's close of $1,740.90.
At $1,709.80 per troy ounce, one gram of pure gold was worth about $54.97 on 8 December 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 December 2011 18k gold was worth about $41.23 per gram and 14k about $32.07 per gram, against $54.97 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.3 on 8 December 2011, meaning one ounce of gold was worth roughly 54.3 ounces of silver.
A week before 8 December 2011, gold was around $1,745.50 per troy ounce, so the close of $1,709.80 is a loss of 2.0% over the week.
A year before 8 December 2011, gold was around $1,382.50 per troy ounce. The close of $1,709.80 therefore represents a rise of 23.7% over twelve months.
It closed 9.47% below the highest close on record up to that date, which was set on 2011-08-22.