Distance from the record
This close sat 7.29% below the highest gold close recorded up to that date, set on 2000-09-27.
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This page is a historical record of the gold price in 16 March 2001, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 1 March 2001
Gold closed at $258.10 per troy ounce on 16 March 2001, down $1.900 (0.73%) from the previous close of $260.00.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 7.29% below the highest gold close recorded up to that date, set on 2000-09-27.
One of the ten lowest gold closes of that year, ranking 240 of 248 sessions.
Metal value only, before dealer margins and fabrication.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $258.10 per troy ounce on 16 March 2001. That is $1.90 lower than the previous close of $260.00, a move of -0.73%.
The gold price fell on 16 March 2001, losing $1.90 (0.73%) against the previous session's close of $260.00.
At $258.10 per troy ounce, one gram of pure gold was worth about $8.30 on 16 March 2001. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 March 2001 18k gold was worth about $6.22 per gram and 14k about $4.84 per gram, against $8.30 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 60.2 on 16 March 2001, meaning one ounce of gold was worth roughly 60.2 ounces of silver.
A week before 16 March 2001, gold was around $270.80 per troy ounce, so the close of $258.10 is a loss of 4.7% over the week.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 7.29% below the highest close on record up to that date, which was set on 2000-09-27.