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 March 2020, not the current price.See today's gold price (11 September 2026)
Lowest closing price since 23 December 2019
Gold closed at $1,485.90 per troy ounce on 16 March 2020, down $29.80 (1.97%) from the previous close of $1,515.70.
This close extended a run of 5 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 was the strongest close of the week up to that point.
This close sat 21.33% below the highest gold close recorded up to that date, set on 2011-08-22.
One of the ten lowest gold closes of that year, ranking 250 of 253 sessions.
Metal value only, before dealer margins and fabrication.
Twelve months earlier gold traded around $1,301.80, making this a +14.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Gold closed at $1,485.90 per troy ounce on 16 March 2020. That is $29.80 lower than the previous close of $1,515.70, a move of -1.97%.
The gold price fell on 16 March 2020, losing $29.80 (1.97%) against the previous session's close of $1,515.70.
At $1,485.90 per troy ounce, one gram of pure gold was worth about $47.77 on 16 March 2020. A troy ounce is 31.1034768 grams.
Scrap value follows purity, so on 16 March 2020 18k gold was worth about $35.83 per gram and 14k about $27.87 per gram, against $47.77 for pure 24k. These are melt values before any dealer margin.
The gold-to-silver ratio closed at about 116.3 on 16 March 2020, meaning one ounce of gold was worth roughly 116.3 ounces of silver.
A week before 16 March 2020, gold was around $1,674.50 per troy ounce, so the close of $1,485.90 is a loss of 11.3% over the week.
A month before 16 March 2020, gold was around $1,582.70 per troy ounce, so the close of $1,485.90 is a loss of 6.1% over the month.
A year before 16 March 2020, gold was around $1,301.80 per troy ounce. The close of $1,485.90 therefore represents a rise of 14.1% over twelve months.
This close was session 5 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 21.33% below the highest close on record up to that date, which was set on 2011-08-22.