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Highest closing price since 1 October 2015
Gold closed at $1,116.40 per troy ounce on 1 January 2016, up $56.10 (5.29%) from the previous close of $1,060.30.
Notable session: lowest close of the year; moved more than 3% in a session.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,278.50, making this a -12.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,116.40 per troy ounce on 1 January 2016. That is $56.10 higher than the previous close of $1,060.30, a move of 5.29%.
The gold price rose on 1 January 2016, gaining $56.10 (5.29%) against the previous session's close of $1,060.30.
At $1,116.40 per troy ounce, one gram of pure gold was worth about $35.89 on 1 January 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 1 January 2016 18k gold was worth about $26.92 per gram and 14k about $20.94 per gram, against $35.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 78.5 on 1 January 2016, meaning one ounce of gold was worth roughly 78.5 ounces of silver.
A week before 1 January 2016, gold was around $1,060.30 per troy ounce, so the close of $1,116.40 is a gain of 5.3% over the week.
A month before 1 January 2016, gold was around $1,060.30 per troy ounce, so the close of $1,116.40 is a gain of 5.3% over the month.
A year before 1 January 2016, gold was around $1,278.50 per troy ounce. The close of $1,116.40 therefore represents a fall of 12.7% over twelve months.