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 February 2017, not the current price.See today's gold price (11 September 2026)
Highest closing price since 1 February 2017
Gold closed at $1,240.00 per troy ounce on 16 February 2017, up $8.300 (0.67%) from the previous close of $1,231.70.
This was the strongest close of the week up to that point.
This close sat 34.35% 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 $1,207.90, making this a +2.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,240.00 per troy ounce on 16 February 2017. That is $8.30 higher than the previous close of $1,231.70, a move of 0.67%.
The gold price rose on 16 February 2017, gaining $8.30 (0.67%) against the previous session's close of $1,231.70.
At $1,240.00 per troy ounce, one gram of pure gold was worth about $39.87 on 16 February 2017. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 February 2017 18k gold was worth about $29.90 per gram and 14k about $23.26 per gram, against $39.87 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 68.6 on 16 February 2017, meaning one ounce of gold was worth roughly 68.6 ounces of silver.
It closed 34.35% below the highest close on record up to that date, which was set on 2011-08-22.