Distance from the record
This close sat 13.57% below the highest gold close recorded up to that date, set on 2020-08-06.
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This page is a historical record of the gold price in 16 August 2022, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 5 August 2022
Gold closed at $1,773.20 per troy ounce on 16 August 2022, down $8.200 (0.46%) from the previous close of $1,781.40.
This close sat 13.57% below the highest gold close recorded up to that date, set on 2020-08-06.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,786.90, making this a -0.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,773.20 per troy ounce on 16 August 2022. That is $8.20 lower than the previous close of $1,781.40, a move of -0.46%.
The gold price fell on 16 August 2022, losing $8.20 (0.46%) against the previous session's close of $1,781.40.
At $1,773.20 per troy ounce, one gram of pure gold was worth about $57.01 on 16 August 2022. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 August 2022 18k gold was worth about $42.76 per gram and 14k about $33.26 per gram, against $57.01 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 88.4 on 16 August 2022, meaning one ounce of gold was worth roughly 88.4 ounces of silver.
It closed 13.57% below the highest close on record up to that date, which was set on 2020-08-06.