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 June 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,529.30 per troy ounce on 16 June 2011, up $3.700 (0.24%) from the previous close of $1,525.60.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 1.76% below the highest gold close recorded up to that date, set on 2011-05-02.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,229.30, making this a +24.40% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,529.30 per troy ounce on 16 June 2011. That is $3.70 higher than the previous close of $1,525.60, a move of 0.24%.
The gold price rose on 16 June 2011, gaining $3.70 (0.24%) against the previous session's close of $1,525.60.
At $1,529.30 per troy ounce, one gram of pure gold was worth about $49.17 on 16 June 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 June 2011 18k gold was worth about $36.88 per gram and 14k about $28.68 per gram, against $49.17 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 43.0 on 16 June 2011, meaning one ounce of gold was worth roughly 43.0 ounces of silver.
A year before 16 June 2011, gold was around $1,229.30 per troy ounce. The close of $1,529.30 therefore represents a rise of 24.4% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 1.76% below the highest close on record up to that date, which was set on 2011-05-02.