Gold Price in August 2012
In August 2012, gold rose 4.6%, from $1,610.50 at the end of July to $1,684.60 per troy ounce on August 31, 2012. The highest close was $1,684.60 on August 31, 2012, the lowest $1,587.40 on August 2, 2012, and the average over 23 trading days was $1,629.92. Today's price is 130.1% higher than the August 2012 close.
Gold ended August higher. What usually happens in September after a higher August →
- Gold rose 4.6% in US dollars in August 2012, leaving it up 7.6% for the year to date.
- Measured in other currencies, the change ranged from +2.8% in CHF to +7.7% in ZAR, because exchange rates moved too.
- It did better than US stocks (+2.3%), and worse than silver (+12.5%).
- It closed higher on 14 trading days and lower on 9, with an average daily move of 0.56%.
- At the end of the month it was 10.8% below its highest close since 2000.
- Gold/silver ratio: 57.7 → 53.7.
Gold price chart, August 2012
US dollars per troy ounce · daily closeGold in other currencies, August 2012
| Currency | Change in the month |
|---|---|
| ZAR | +7.7% |
| AUD | +6.7% |
| TRY | +6.5% |
| JPY | +5.2% |
| EGP | +5.1% |
| INR | +4.6% |
| CNY | +4.4% |
| GBP | +3.8% |
| PKR | +3.6% |
| CAD | +3.5% |
| EUR | +2.8% |
| CHF | +2.8% |
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, August 2012
| Asset | Change (USD) |
|---|---|
| Gold | +4.6% |
| Silver | +12.5% |
| S&P 500 (with dividends) | +2.3% |
| US inflation (CPI, month) | +0.56% |
| Gold, year to date (end of August) | +7.6% |
| Gold/silver ratio | 57.7 → 53.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Gold Prices, August 2012
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 |
|---|---|---|---|---|---|
| Aug 1Wed | $1,603.70 | −0.42% | $51.56 | ₹28,599 | AED 189.33 |
| Aug 2Thu | $1,587.40 | −1.02% | $51.04 | ₹28,498 | AED 187.41 |
| Aug 3Fri | $1,606.00 | +1.17% | $51.63 | ₹28,831 | AED 189.61 |
| Aug 6Mon | $1,612.90 | +0.43% | $51.86 | ₹28,789 | AED 190.42 |
| Aug 7Tue | $1,609.70 | −0.20% | $51.75 | ₹28,497 | AED 190.04 |
| Aug 8Wed | $1,612.90 | +0.20% | $51.86 | ₹28,738 | AED 190.42 |
| Aug 9Thu | $1,617.10 | +0.26% | $51.99 | ₹28,734 | AED 190.91 |
| Aug 10Fri | $1,619.70 | +0.16% | $52.07 | ₹28,781 | AED 191.22 |
| Aug 13Mon | $1,609.60 | −0.62% | $51.75 | ₹28,637 | AED 190.03 |
| Aug 14Tue | $1,599.40 | −0.63% | $51.42 | ₹28,615 | AED 188.83 |
| Aug 15Wed | $1,603.70 | +0.27% | $51.56 | ₹28,692 | AED 189.33 |
| Aug 16Thu | $1,616.10 | +0.77% | $51.96 | ₹28,898 | AED 190.79 |
| Aug 17Fri | $1,616.30 | +0.01% | $51.97 | ₹28,902 | AED 190.82 |
| Aug 20Mon | $1,620.10 | +0.24% | $52.09 | ₹28,907 | AED 191.27 |
| Aug 21Tue | $1,639.90 | +1.22% | $52.72 | ₹29,190 | AED 193.60 |
| Aug 22Wed | $1,637.40 | −0.15% | $52.64 | ₹29,214 | AED 193.31 |
| Aug 23Thu | $1,669.60 | +1.97% | $53.68 | ₹29,662 | AED 197.11 |
| Aug 24Fri | $1,669.80 | +0.01% | $53.69 | ₹29,665 | AED 197.14 |
| Aug 27Mon | $1,672.40 | +0.16% | $53.77 | ₹29,943 | AED 197.44 |
| Aug 28Tue | $1,666.50 | −0.35% | $53.58 | ₹29,824 | AED 196.75 |
| Aug 29Wed | $1,659.80 | −0.40% | $53.36 | ₹29,683 | AED 195.95 |
| Aug 30Thu | $1,653.50 | −0.38% | $53.16 | ₹29,573 | AED 195.21 |
| Aug 31Fri | $1,684.60 | +1.88% | $54.16 | ₹30,129 | AED 198.88 |
How August usually goes for gold
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Every August since 1971 →
Gold in August 2012: FAQ
What was the price of gold in August 2012?
Gold traded between $1,587.40 and $1,684.60 per troy ounce (daily closes) in August 2012, averaging $1,629.92. It closed the month at $1,684.60.
How much did gold go up in August 2012?
Gold rose 4.6%, from $1,610.50 to $1,684.60. The biggest daily rise was +2.0% on August 23, 2012 and the biggest fall −1.0% on August 2, 2012.
What was the gold price on August 1, 2012?
Gold closed at $1,603.70 per troy ounce on August 1, 2012, the first trading day of the month. 24K India, ₹ per 10 g: ₹28,599.
Is August usually a good month for gold?
In the 20 years from 2006 to 2025, gold rose in August 13 times out of 20, with an average move of +1.9% and a median of +0.9%. Past seasonal patterns are not a reliable guide to any single year.
How much did gold change in rupees in August 2012?
Gold rose 4.6% in Indian rupee terms in August 2012, compared with +4.6% in US dollars.
Did gold beat stocks in August 2012?
Yes. Gold was +4.6% for the month, against +2.3% for the S&P 500 with dividends.
Did gold keep up with inflation in August 2012?
US consumer prices (CPI) changed +0.56% in August, so gold's real (inflation-adjusted) change was about +4.0%.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026goldpriceinaugust, author = {{Corgano}}, title = {Gold Price in August 2012}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2012/august}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}