Distance from the record
This close sat 34.07% 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 2017, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 20 July 2017
Gold closed at $1,245.20 per troy ounce on 8 December 2017, down $4.600 (0.37%) from the previous close of $1,249.80.
This close sat 34.07% 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 $1,169.80, making this a +6.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,245.20 per troy ounce on 8 December 2017. That is $4.60 lower than the previous close of $1,249.80, a move of -0.37%.
The gold price fell on 8 December 2017, losing $4.60 (0.37%) against the previous session's close of $1,249.80.
At $1,245.20 per troy ounce, one gram of pure gold was worth about $40.03 on 8 December 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 December 2017 18k gold was worth about $30.03 per gram and 14k about $23.35 per gram, against $40.03 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 79.1 on 8 December 2017, meaning one ounce of gold was worth roughly 79.1 ounces of silver.
A week before 8 December 2017, gold was around $1,306.30 per troy ounce, so the close of $1,245.20 is a loss of 4.7% over the week.
It closed 34.07% below the highest close on record up to that date, which was set on 2011-08-22.