Distance from the record
This close sat 28.92% 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 11 August 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,342.50 per troy ounce on 11 August 2016, down $1.800 (0.13%) from the previous close of $1,344.30.
Gold barely moved, closing within 0.13% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 28.92% 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 $1,107.60, making this a +21.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,342.50 per troy ounce on 11 August 2016. That is $1.80 lower than the previous close of $1,344.30, a move of -0.13%.
The gold price fell on 11 August 2016, losing $1.80 (0.13%) against the previous session's close of $1,344.30.
At $1,342.50 per troy ounce, one gram of pure gold was worth about $43.16 on 11 August 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 August 2016 18k gold was worth about $32.37 per gram and 14k about $25.18 per gram, against $43.16 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 67.2 on 11 August 2016, meaning one ounce of gold was worth roughly 67.2 ounces of silver.
A year before 11 August 2016, gold was around $1,107.60 per troy ounce. The close of $1,342.50 therefore represents a rise of 21.2% over twelve months.
It closed 28.92% below the highest close on record up to that date, which was set on 2011-08-22.