Distance from the record
This close sat 2.98% below the highest gold close recorded up to that date, set on 2011-03-01.
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This page is a historical record of the gold price in 16 March 2011, not the current price.See today's gold price (11 September 2026)
Gold closed at $1,396.00 per troy ounce on 16 March 2011, up $3.400 (0.24%) from the previous close of $1,392.60.
This close sat 2.98% below the highest gold close recorded up to that date, set on 2011-03-01.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,122.20, 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 $1,396.00 per troy ounce on 16 March 2011. That is $3.40 higher than the previous close of $1,392.60, a move of 0.24%.
The gold price rose on 16 March 2011, gaining $3.40 (0.24%) against the previous session's close of $1,392.60.
At $1,396.00 per troy ounce, one gram of pure gold was worth about $44.88 on 16 March 2011. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 March 2011 18k gold was worth about $33.66 per gram and 14k about $26.18 per gram, against $44.88 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 40.5 on 16 March 2011, meaning one ounce of gold was worth roughly 40.5 ounces of silver.
A week before 16 March 2011, gold was around $1,429.30 per troy ounce, so the close of $1,396.00 is a loss of 2.3% over the week.
A year before 16 March 2011, gold was around $1,122.20 per troy ounce. The close of $1,396.00 therefore represents a rise of 24.4% over twelve months.
It closed 2.98% below the highest close on record up to that date, which was set on 2011-03-01.