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Gold closed at $4,588.40 per troy ounce on 16 January 2026, down $27.90 (0.60%) from the previous close of $4,616.30.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $2,746.40, making this a +67.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $4,588.40 per troy ounce on 16 January 2026. That is $27.90 lower than the previous close of $4,616.30, a move of -0.60%.
The gold price fell on 16 January 2026, losing $27.90 (0.60%) against the previous session's close of $4,616.30.
At $4,588.40 per troy ounce, one gram of pure gold was worth about $147.52 on 16 January 2026. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 January 2026 18k gold was worth about $110.64 per gram and 14k about $86.05 per gram, against $147.52 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 52.1 on 16 January 2026, meaning one ounce of gold was worth roughly 52.1 ounces of silver.
A week before 16 January 2026, gold was around $4,490.30 per troy ounce, so the close of $4,588.40 is a gain of 2.2% over the week.
A month before 16 January 2026, gold was around $4,304.50 per troy ounce, so the close of $4,588.40 is a gain of 6.6% over the month.
A year before 16 January 2026, gold was around $2,746.40 per troy ounce. The close of $4,588.40 therefore represents a rise of 67.1% over twelve months.