Distance from the record
This close sat 32.39% 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 16 August 2017, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,276.90 per troy ounce on 16 August 2017, up $3.200 (0.25%) from the previous close of $1,273.70.
This close sat 32.39% 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 $1,350.50, making this a -5.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,276.90 per troy ounce on 16 August 2017. That is $3.20 higher than the previous close of $1,273.70, a move of 0.25%.
The gold price rose on 16 August 2017, gaining $3.20 (0.25%) against the previous session's close of $1,273.70.
At $1,276.90 per troy ounce, one gram of pure gold was worth about $41.05 on 16 August 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2017 18k gold was worth about $30.79 per gram and 14k about $23.95 per gram, against $41.05 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 75.5 on 16 August 2017, meaning one ounce of gold was worth roughly 75.5 ounces of silver.
It closed 32.39% below the highest close on record up to that date, which was set on 2011-08-22.