Gold Price in December 2024
In December 2024, gold fell 0.6%, from $2,657.00 at the end of November to $2,641.00 per troy ounce on December 31, 2024. The highest close was $2,756.70 on December 11, 2024, the lowest $2,608.10 on December 19, 2024, and the average over 21 trading days was $2,662.09. Today's price is 46.8% higher than the December 2024 close.
Gold ended December lower. What usually happens in January after a lower December →
- Gold fell 0.6% in US dollars in December 2024, leaving it up 27.5% for the year to date.
- Measured in other currencies, the change ranged from −0.5% in PKR to +4.0% in AUD, because exchange rates moved too.
- It did better than silver (−5.7%), bitcoin (−3.1%) and US stocks (−2.4%).
- It closed higher on 11 trading days and lower on 10, with an average daily move of 0.79%.
- At the end of the month it was 5.7% below its highest close since 2000.
- Gold/silver ratio: 86.6 → 91.3.
- The biggest reaction to a scheduled US release was to the Fed rate decision and projections on 18 December: −2.0% over two sessions.
Gold price chart, December 2024
US dollars per troy ounce · daily closeGold in other currencies, December 2024
| Currency | Change in the month |
|---|---|
| AUD | +4.0% |
| JPY | +3.2% |
| ZAR | +3.2% |
| EGP | +1.9% |
| CAD | +1.8% |
| CHF | +1.8% |
| TRY | +1.3% |
| INR | +0.9% |
| EUR | +0.9% |
| GBP | +0.6% |
| CNY | +0.2% |
| PKR | −0.5% |
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 2024
| Asset | Change (USD) |
|---|---|
| Gold | −0.6% |
| Silver | −5.7% |
| Bitcoin | −3.1% |
| S&P 500 (with dividends) | −2.4% |
| US inflation (CPI, month) | +0.04% |
| Gold, year to date (end of December) | +27.5% |
| Gold/silver ratio | 86.6 → 91.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
The Fed and US Data in December 2024
Scheduled US releases this month and how gold moved. For Fed decisions the move covers two sessions, because the statement comes after the gold futures settle.
| Date | Release | Result | Gold |
|---|---|---|---|
| Fri 6 Dec | Jobs report (November 2024) | — | +0.4% |
| Wed 11 Dec | CPI inflation (November 2024) | — | +1.4% |
| Wed 18 Dec | Fed rate decision + projections | Cut 25 bp (4.25–4.50%) | −2.0% |
Daily Gold Prices, December 2024
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 2Mon | $2,658.50 | +0.06% | $85.47 | ₹72,273 | AED 313.92 |
| Dec 3Tue | $2,667.90 | +0.35% | $85.77 | ₹72,683 | AED 315.03 |
| Dec 4Wed | $2,676.20 | +0.31% | $86.04 | ₹72,863 | AED 315.95 |
| Dec 5Thu | $2,648.40 | −1.04% | $85.15 | ₹72,126 | AED 312.72 |
| Dec 6Fri | $2,659.60 | +0.42% | $85.51 | ₹72,412 | AED 313.99 |
| Dec 9Mon | $2,685.80 | +0.99% | $86.35 | ₹73,109 | AED 317.08 |
| Dec 10Tue | $2,718.40 | +1.21% | $87.40 | ₹74,155 | AED 320.93 |
| Dec 11Wed | $2,756.70 | +1.41% | $88.63 | ₹75,224 | AED 325.45 |
| Dec 12Thu | $2,709.40 | −1.72% | $87.11 | ₹73,918 | AED 319.87 |
| Dec 13Fri | $2,675.80 | −1.24% | $86.03 | ₹72,986 | AED 315.90 |
| Dec 16Mon | $2,670.00 | −0.22% | $85.84 | ₹72,796 | AED 315.21 |
| Dec 17Tue | $2,662.00 | −0.30% | $85.59 | ₹72,677 | AED 314.27 |
| Dec 18Wed | $2,653.30 | −0.33% | $85.31 | ₹72,438 | AED 313.24 |
| Dec 19Thu | $2,608.10 | −1.70% | $83.85 | ₹71,413 | AED 307.91 |
| Dec 20Fri | $2,645.10 | +1.42% | $85.04 | ₹72,523 | AED 312.27 |
| Dec 23Mon | $2,628.20 | −0.64% | $84.50 | ₹71,777 | AED 310.28 |
| Dec 24Tue | $2,635.50 | +0.28% | $84.73 | ₹72,107 | AED 311.14 |
| Dec 26Thu | $2,653.90 | +0.70% | $85.32 | ₹72,879 | AED 313.31 |
| Dec 27Fri | $2,631.90 | −0.83% | $84.62 | ₹72,146 | AED 310.72 |
| Dec 30Mon | $2,618.10 | −0.52% | $84.17 | ₹71,873 | AED 309.09 |
| Dec 31Tue | $2,641.00 | +0.87% | $84.91 | ₹72,842 | AED 311.79 |
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%. Every December since 1971 →
Gold in December 2024: FAQ
What was the price of gold in December 2024?
Gold traded between $2,608.10 and $2,756.70 per troy ounce (daily closes) in December 2024, averaging $2,662.09. It closed the month at $2,641.00.
How much did gold go down in December 2024?
Gold fell 0.6%, from $2,657.00 to $2,641.00. The biggest daily rise was +1.4% on December 20, 2024 and the biggest fall −1.7% on December 12, 2024.
What was the gold price on December 2, 2024?
Gold closed at $2,658.50 per troy ounce on December 2, 2024, the first trading day of the month. 24K India, ₹ per 10 g: ₹72,273.
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 2024?
Gold rose 0.9% in Indian rupee terms in December 2024, compared with −0.6% in US dollars.
Did gold beat stocks in December 2024?
Yes. Gold was −0.6% for the month, against −2.4% for the S&P 500 with dividends.
How did gold react to the Fed and US data in December 2024?
Of 3 scheduled US releases this month, the biggest move came after the Fed rate decision + projections on 18 December: −2.0%. The full list with each reaction is on this page.
Did gold keep up with inflation in December 2024?
US consumer prices (CPI) changed +0.04% in December, so gold's real (inflation-adjusted) change was about −0.6%.
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{corgano2026goldpriceindecember, author = {{Corgano}}, title = {Gold Price in December 2024}, howpublished = {\url{https://goldprice.corgano.com/gold-price-history/2024/december}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}