Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the gold price in 16 August 2010, not the current price.See today's gold price (11 September 2026)
Highest closing price since 30 June 2010
Gold closed at $1,224.50 per troy ounce on 16 August 2010, up $9.600 (0.79%) from the previous close of $1,214.90.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 2.60% below the highest gold close recorded up to that date, set on 2010-06-18.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $947.00, making this a +29.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,224.50 per troy ounce on 16 August 2010. That is $9.60 higher than the previous close of $1,214.90, a move of 0.79%.
The gold price rose on 16 August 2010, gaining $9.60 (0.79%) against the previous session's close of $1,214.90.
At $1,224.50 per troy ounce, one gram of pure gold was worth about $39.37 on 16 August 2010. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2010 18k gold was worth about $29.53 per gram and 14k about $22.97 per gram, against $39.37 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 66.5 on 16 August 2010, meaning one ounce of gold was worth roughly 66.5 ounces of silver.
A year before 16 August 2010, gold was around $947.00 per troy ounce. The close of $1,224.50 therefore represents a rise of 29.3% over twelve months.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 2.60% below the highest close on record up to that date, which was set on 2010-06-18.