Distance from the record
This close sat 37.72% 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 2018, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 6 January 2017
Gold closed at $1,176.20 per troy ounce on 16 August 2018, down $1.300 (0.11%) from the previous close of $1,177.50.
Notable session: lowest close of the year; lowest close of the month.
Gold had not closed this low for about 2 years. Breaking below a level held that long is the kind of move that tends to set the tone for the sessions that follow.
This close sat 37.72% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten lowest gold closes of that year, ranking 251 of 251 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,276.90, making this a -7.89% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,176.20 per troy ounce on 16 August 2018. That is $1.30 lower than the previous close of $1,177.50, a move of -0.11%.
The gold price fell on 16 August 2018, losing $1.30 (0.11%) against the previous session's close of $1,177.50.
At $1,176.20 per troy ounce, one gram of pure gold was worth about $37.82 on 16 August 2018. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2018 18k gold was worth about $28.36 per gram and 14k about $22.06 per gram, against $37.82 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 80.0 on 16 August 2018, meaning one ounce of gold was worth roughly 80.0 ounces of silver.
A week before 16 August 2018, gold was around $1,211.90 per troy ounce, so the close of $1,176.20 is a loss of 2.9% over the week.
It closed 37.72% below the highest close on record up to that date, which was set on 2011-08-22.