Distance from the record
This close sat 15.07% 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 May 2012, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 3 January 2012
Gold closed at $1,604.00 per troy ounce on 8 May 2012, down $34.60 (2.11%) from the previous close of $1,638.60.
Gold lost 2.11% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 15.07% 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 $1,491.20, making this a +7.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,604.00 per troy ounce on 8 May 2012. That is $34.60 lower than the previous close of $1,638.60, a move of -2.11%.
The gold price fell on 8 May 2012, losing $34.60 (2.11%) against the previous session's close of $1,638.60.
At $1,604.00 per troy ounce, one gram of pure gold was worth about $51.57 on 8 May 2012. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 8 May 2012 18k gold was worth about $38.68 per gram and 14k about $30.08 per gram, against $51.57 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 54.5 on 8 May 2012, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
A week before 8 May 2012, gold was around $1,663.40 per troy ounce, so the close of $1,604.00 is a loss of 3.6% over the week.
It closed 15.07% below the highest close on record up to that date, which was set on 2011-08-22.