Distance from the record
This close sat 38.06% 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 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,169.80 per troy ounce on 8 December 2016, down $5.200 (0.44%) from the previous close of $1,175.00.
This close sat 38.06% 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 $1,076.30, making this a +8.69% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,169.80 per troy ounce on 8 December 2016. That is $5.20 lower than the previous close of $1,175.00, a move of -0.44%.
The gold price fell on 8 December 2016, losing $5.20 (0.44%) against the previous session's close of $1,175.00.
At $1,169.80 per troy ounce, one gram of pure gold was worth about $37.61 on 8 December 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 December 2016 18k gold was worth about $28.21 per gram and 14k about $21.94 per gram, against $37.61 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.7 on 8 December 2016, meaning one ounce of gold was worth roughly 68.7 ounces of silver.
A month before 8 December 2016, gold was around $1,273.40 per troy ounce, so the close of $1,169.80 is a loss of 8.1% over the month.
It closed 38.06% below the highest close on record up to that date, which was set on 2011-08-22.