Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the gold price in 16 August 2016, not the current price.See today's gold price (11 September 2026)
Highest closing price since 4 August 2016
Gold closed at $1,350.50 per troy ounce on 16 August 2016, up $10.20 (0.76%) from the previous close of $1,340.30.
This was the strongest close of the week up to that point.
This close sat 28.50% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten highest gold closes of that year, ranking 10 of 248 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,112.90, making this a +21.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,350.50 per troy ounce on 16 August 2016. That is $10.20 higher than the previous close of $1,340.30, a move of 0.76%.
The gold price rose on 16 August 2016, gaining $10.20 (0.76%) against the previous session's close of $1,340.30.
At $1,350.50 per troy ounce, one gram of pure gold was worth about $43.42 on 16 August 2016. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2016 18k gold was worth about $32.56 per gram and 14k about $25.33 per gram, against $43.42 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.0 on 16 August 2016, meaning one ounce of gold was worth roughly 68.0 ounces of silver.
A year before 16 August 2016, gold was around $1,112.90 per troy ounce. The close of $1,350.50 therefore represents a rise of 21.3% over twelve months.
It closed 28.50% below the highest close on record up to that date, which was set on 2011-08-22.