Gold Price in December 2017
In December 2017, gold rose 2.6%, from $1,273.20 at the end of November to $1,306.30 per troy ounce on December 29, 2017. The highest close was $1,306.30 on December 29, 2017, the lowest $1,238.50 on December 12, 2017, and the average over 20 trading days was $1,265.57. Today's price is 208.0% higher than the December 2017 close.
- Gold rose 2.6% in US dollars in December 2017, leaving it up 13.6% for the year to date.
- Measured in other currencies, the change ranged from −6.8% in ZAR to +7.8% in PKR, because exchange rates moved too.
- It did better than US stocks (+1.1%), and worse than silver (+4.1%) and bitcoin (+38.3%).
- It closed higher on 13 trading days and lower on 7, with an average daily move of 0.47%.
- At the end of the month it was 30.8% below its highest close since 2000.
- Gold/silver ratio: 77.7 → 76.6.
Gold price chart, December 2017
US dollars per troy ounce · daily closeGold in other currencies, December 2017
| Currency | Change in the month |
|---|---|
| PKR | +7.8% |
| JPY | +3.4% |
| EGP | +3.1% |
| GBP | +2.4% |
| INR | +2.0% |
| CHF | +2.0% |
| EUR | +1.8% |
| CNY | +1.4% |
| CAD | +0.2% |
| AUD | −0.4% |
| TRY | −2.0% |
| ZAR | −6.8% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes gold rise more in local terms.
Gold vs other assets, December 2017
| Asset | Change (USD) |
|---|---|
| Gold | +2.6% |
| Silver | +4.1% |
| Bitcoin | +38.3% |
| S&P 500 (with dividends) | +1.1% |
| US inflation (CPI, month) | −0.06% |
| Gold, year to date (end of December) | +13.6% |
| Gold/silver ratio | 77.7 → 76.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in December 2017
- Friday, December 22President Trump signs the Tax Cuts and Jobs Act, cutting the corporate tax rate to 21%. SourceGold: +0.6% that day
Daily Gold Prices, December 2017
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 24K India, ₹ per 10 g | 24K UAE, AED per gram |
|---|---|---|---|---|---|
| Dec 1Fri | $1,278.80 | +0.44% | $41.11 | ₹26,519 | AED 150.98 |
| Dec 4Mon | $1,274.30 | −0.35% | $40.97 | ₹26,429 | AED 150.44 |
| Dec 5Tue | $1,261.60 | −1.00% | $40.56 | ₹26,102 | AED 148.94 |
| Dec 6Wed | $1,262.80 | +0.10% | $40.60 | ₹26,129 | AED 149.08 |
| Dec 7Thu | $1,249.80 | −1.03% | $40.18 | ₹25,923 | AED 147.54 |
| Dec 8Fri | $1,245.20 | −0.37% | $40.03 | ₹25,839 | AED 147.01 |
| Dec 11Mon | $1,243.70 | −0.12% | $39.99 | ₹25,780 | AED 146.83 |
| Dec 12Tue | $1,238.50 | −0.42% | $39.82 | ₹25,623 | AED 146.20 |
| Dec 13Wed | $1,245.40 | +0.56% | $40.04 | ₹25,846 | AED 147.03 |
| Dec 14Thu | $1,253.80 | +0.67% | $40.31 | ₹25,928 | AED 148.02 |
| Dec 15Fri | $1,254.30 | +0.04% | $40.33 | ₹25,920 | AED 148.08 |
| Dec 18Mon | $1,262.20 | +0.63% | $40.58 | ₹26,001 | AED 149.01 |
| Dec 19Tue | $1,260.70 | −0.12% | $40.53 | ₹26,022 | AED 148.83 |
| Dec 20Wed | $1,266.10 | +0.43% | $40.71 | ₹26,071 | AED 149.46 |
| Dec 21Thu | $1,267.30 | +0.09% | $40.74 | ₹26,062 | AED 149.59 |
| Dec 22Fri | $1,275.40 | +0.64% | $41.01 | ₹26,247 | AED 150.55 |
| Dec 26Tue | $1,284.10 | +0.68% | $41.28 | ₹26,427 | AED 151.58 |
| Dec 27Wed | $1,287.00 | +0.23% | $41.38 | ₹26,494 | AED 151.94 |
| Dec 28Thu | $1,294.10 | +0.55% | $41.61 | ₹26,676 | AED 152.78 |
| Dec 29Fri | $1,306.30 | +0.94% | $42.00 | ₹26,905 | AED 154.21 |
How December usually goes for gold
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%.
Gold in December 2017: FAQ
What was the price of gold in December 2017?
Gold traded between $1,238.50 and $1,306.30 per troy ounce (daily closes) in December 2017, averaging $1,265.57. It closed the month at $1,306.30.
How much did gold go up in December 2017?
Gold rose 2.6%, from $1,273.20 to $1,306.30. The biggest daily rise was +0.9% on December 29, 2017 and the biggest fall −1.0% on December 7, 2017.
What was the gold price on December 1, 2017?
Gold closed at $1,278.80 per troy ounce on December 1, 2017, the first trading day of the month. 24K India, ₹ per 10 g: ₹26,519.
Is December usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in December 12 times out of 20, with an average move of +1.0% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in December 2017?
Gold rose 2.0% in Indian rupee terms in December 2017, compared with +2.6% in US dollars.
Did gold beat stocks in December 2017?
Yes. Gold was +2.6% for the month, against +1.1% for the S&P 500 with dividends.
Did gold keep up with inflation in December 2017?
US consumer prices (CPI) changed −0.06% in December, so gold's real (inflation-adjusted) change was about +2.7%.