Distance from the record
This close sat 29.36% below the highest gold close recorded up to that date, set on 2011-08-22.
Loading…
This page is a historical record of the gold price in 12 July 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 30 June 2016
Gold closed at $1,334.10 per troy ounce on 12 July 2016, down $20.90 (1.54%) from the previous close of $1,355.00.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 29.36% 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 $1,157.70, making this a +15.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,334.10 per troy ounce on 12 July 2016. That is $20.90 lower than the previous close of $1,355.00, a move of -1.54%.
The gold price fell on 12 July 2016, losing $20.90 (1.54%) against the previous session's close of $1,355.00.
At $1,334.10 per troy ounce, one gram of pure gold was worth about $42.89 on 12 July 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 July 2016 18k gold was worth about $32.17 per gram and 14k about $25.02 per gram, against $42.89 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.3 on 12 July 2016, meaning one ounce of gold was worth roughly 66.3 ounces of silver.
A year before 12 July 2016, gold was around $1,157.70 per troy ounce. The close of $1,334.10 therefore represents a rise of 15.2% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 29.36% below the highest close on record up to that date, which was set on 2011-08-22.