Distance from the record
This close sat 33.36% 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 March 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,258.70 per troy ounce on 11 March 2016, down $13.30 (1.05%) from the previous close of $1,272.00.
Gold moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 33.36% 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 $1,150.70, making this a +9.39% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,258.70 per troy ounce on 11 March 2016. That is $13.30 lower than the previous close of $1,272.00, a move of -1.05%.
The gold price fell on 11 March 2016, losing $13.30 (1.05%) against the previous session's close of $1,272.00.
At $1,258.70 per troy ounce, one gram of pure gold was worth about $40.47 on 11 March 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 11 March 2016 18k gold was worth about $30.35 per gram and 14k about $23.61 per gram, against $40.47 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.6 on 11 March 2016, meaning one ounce of gold was worth roughly 80.6 ounces of silver.
It closed 33.36% below the highest close on record up to that date, which was set on 2011-08-22.