Distance from the record
This close sat 40.29% 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 15 December 2016, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 2 February 2016
Gold closed at $1,127.80 per troy ounce on 15 December 2016, down $33.50 (2.88%) from the previous close of $1,161.30.
Notable session: lowest close of the month.
Gold lost 2.88% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 40.29% 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 $1,062.90, making this a +6.11% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,127.80 per troy ounce on 15 December 2016. That is $33.50 lower than the previous close of $1,161.30, a move of -2.88%.
The gold price fell on 15 December 2016, losing $33.50 (2.88%) against the previous session's close of $1,161.30.
At $1,127.80 per troy ounce, one gram of pure gold was worth about $36.26 on 15 December 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 15 December 2016 18k gold was worth about $27.19 per gram and 14k about $21.15 per gram, against $36.26 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 70.9 on 15 December 2016, meaning one ounce of gold was worth roughly 70.9 ounces of silver.
A week before 15 December 2016, gold was around $1,169.80 per troy ounce, so the close of $1,127.80 is a loss of 3.6% over the week.
A month before 15 December 2016, gold was around $1,224.00 per troy ounce, so the close of $1,127.80 is a loss of 7.9% over the month.
It closed 40.29% below the highest close on record up to that date, which was set on 2011-08-22.