Distance from the record
This close sat 32.74% 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 May 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,270.30 per troy ounce on 12 May 2016, down $4.300 (0.34%) from the previous close of $1,274.60.
This close sat 32.74% 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 $1,192.60, making this a +6.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,270.30 per troy ounce on 12 May 2016. That is $4.30 lower than the previous close of $1,274.60, a move of -0.34%.
The gold price fell on 12 May 2016, losing $4.30 (0.34%) against the previous session's close of $1,274.60.
At $1,270.30 per troy ounce, one gram of pure gold was worth about $40.84 on 12 May 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 12 May 2016 18k gold was worth about $30.63 per gram and 14k about $23.82 per gram, against $40.84 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 74.3 on 12 May 2016, meaning one ounce of gold was worth roughly 74.3 ounces of silver.
It closed 32.74% below the highest close on record up to that date, which was set on 2011-08-22.