Distance from the record
This close sat 33.65% 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 14 October 2016, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,253.10 per troy ounce on 14 October 2016, down $1.900 (0.15%) from the previous close of $1,255.00.
This close sat 33.65% 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 $1,180.10, making this a +6.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,253.10 per troy ounce on 14 October 2016. That is $1.90 lower than the previous close of $1,255.00, a move of -0.15%.
The gold price fell on 14 October 2016, losing $1.90 (0.15%) against the previous session's close of $1,255.00.
At $1,253.10 per troy ounce, one gram of pure gold was worth about $40.29 on 14 October 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 14 October 2016 18k gold was worth about $30.22 per gram and 14k about $23.50 per gram, against $40.29 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 72.0 on 14 October 2016, meaning one ounce of gold was worth roughly 72.0 ounces of silver.
A month before 14 October 2016, gold was around $1,321.50 per troy ounce, so the close of $1,253.10 is a loss of 5.2% over the month.
It closed 33.65% below the highest close on record up to that date, which was set on 2011-08-22.